The Federal Trade Commission has cleared the acquisition of American Medical Alert Corp. from antitrust scrutiny (PDF), according to a notice the FTC published online.
FTC lets Tunstall, American Medical deal proceed
Tunstall Healthcare Group agreed in September to pay $8.55 per share, or approximately $83.9 million, to acquire American Medical Alert. Tunstall is a British company founded in 1957 that owns telehealth businesses in more than 30 countries.
American Medical Alert sells remote health monitoring services and healthcare-related call centers. American Medical Alert shareholders also will receive an additional payment contingent on the sale of Lifecomm, a joint venture of American Medical Alert, Hughes Telematics and Qualcomm. Lifecomm is developing the next generation of American Medical Alert’s personal emergency response system.
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