ZOLL Medical Corp., a developer of medical devices and software solutions based in Massachusetts, will be acquired by Tokyo-based Asahi Kasei Corp. for approximately $2.21 billion, according to a news release.
The transaction has been approved by the boards of directors of both companies. The acquisition builds on a pact signed last year which gave Asahi Kasei exclusive rights to sell ZOLL's AED Plus automated external defibrillator in Japan.
ZOLL Medical's product lines include LifeVest, a wearable automatic defibrillator; temperature management technologies for managing the core body temperature of critically ill or surgical patients; and AutoPulse, a non-invasive cardiac support pump.
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