Vital Signs completes buyouts |
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Tue, 03 Apr 2007 22:46
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TOTOWA, N.J. (AP) - Vital Signs Inc., which makes breathing management products for the anesthesia, respiratory, critical care and sleep disorder markets, said Tuesday it bought two sleep diagnostic companies and their supplier for about $11.5 million.The buyout includes a 10 percent earnout over the next three years. Vital Signs subsidiary Sleep Services of America Inc. bought Do You Snore LLC, Southern Medical Equipment Inc. and Advanced Sleep Technologies of Georgia Inc.Shares of Vital Signs rose $3.04, or 5.8 percent, to close at $55.14 on the Nasdaq Stock Market. The stock has traded between $47.33 and $59 over the last 52 weeks.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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