By AuntMinnie.com staff writers

August 21, 2012 -- Siemens Healthcare has inked a definitive agreement to acquire ultrasound technology developer Penrith of Plymouth Meeting, PA.

The deal is expected to close in September, at which point Michael Cannon, president of Penrith, will join Siemens Ultrasound as vice president and general manager for point-of-care solutions. Cannon said Penrith's portfolio and technology for the miniaturization of ultrasound devices will strengthen Siemens' ability to develop technologies and future innovations that expand and advance ultrasound's role in medicine.

Terms of the deal were not disclosed.


Copyright © 2012 AuntMinnie.com
 

To read this and get access to all of the exclusive content on AuntMinnie.com create a free account or sign-in now.

Member Sign In:
MemberID or Email Address:  
Do you have a AuntMinnie.com password?
No, I want a free membership.
Yes, I have a password:  
Sign in using your social networking account:
Sign in using your social networking
account: