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Chelmsford, MA, United States, 2014/12/22 - ZOLL® Medical Corporation announced that it has reached a definitive agreement to acquire Advanced Circulatory Systems, Inc., based in Roseville, Minn. which develops technologies to non-invasively increase circulation - AdvancedCirculatory.com / ZOLL.com. NASDAQ: ZOLL
ZOLL® Medical Corporation, a manufacturer of medical devices and related software solutions, today announced that it has reached a definitive agreement to acquire Advanced Circulatory Systems, Inc., based in Roseville, Minn., which develops technologies to non-invasively increase circulation.
Founded in 1997, Advanced Circulatory Systems’ innovative technologies use the body’s own mechanisms to enhance circulation without the use of pharmaceutical or other agents. Multiple studies have demonstrated how Advanced Circulatory Systems’ technologies may assist in increasing circulation, cardiac output, and systolic blood pressure.
Advanced Circulatory Systems’ novel Intrathoracic Pressure Regulation (IPR) therapy platform has far-reaching implications for multiple medical conditions. This non-invasive therapy can potentially protect the heart, brain, and other vital organs when blood flow is compromised, giving rescuers, clinicians, and caregivers the potential to return patients to a full life after critical medical emergencies.
“The acquisition of Advanced Circulatory Systems will broaden ZOLL’s product offerings with additional technologies designed to improve outcomes from cardiac arrest and other critical conditions," said Jonathan A. Rennert, President of ZOLL. “This acquisition further demonstrates ZOLL’s commitment to offering the most comprehensive portfolio of products for acute events where rapid medical intervention is needed.”
“Becoming part of ZOLL provides Advanced Circulatory Systems with an increased infrastructure of clinical and commercial resources that will enable our technologies to reach a greater number of clinicians and positively affect more patients’ lives,” said Mike Black, CEO of Advanced Circulatory Systems. “The acquisition gives Advanced Circulatory Systems the opportunity to become a part of a company with a long history of improving resuscitation science.”
ZOLL anticipates the transaction will close in early 2015. Advanced Circulatory Systems will continue to operate out of Minnesota as a part of ZOLL’s Core Products division.
About Advanced Circulatory Systems
Advanced Circulatory Systems, Inc. (advancedcirculatory.com) manufactures and markets intrathoracic pressure regulation products to help restore life and improve the quality of life for patients experiencing cardiac arrest, low blood pressure, and head injury. Advanced Circulatory Systems serves military, emergency medical services, and hospital markets and the company’s products are sold in over 25 countries worldwide.
About ZOLL Medical Corporation
ZOLL Medical Corporation (zoll.com), an Asahi Kasei Group company, develops and markets medical devices and software solutions that help advance emergency care and save lives, while increasing clinical and operational efficiencies. With products for defibrillation and monitoring, circulation and CPR feedback, data management, fluid resuscitation, therapeutic temperature management, and ventilation, ZOLL provides a comprehensive set of technologies that help clinicians, EMS and fire professionals, and lay rescuers treat victims needing resuscitation and acute critical care.
About Asahi Kasei
The Asahi Kasei Group (asahi-kasei.co.jp) is a diversified group of companies led by holding company Asahi Kasei Corp., with operations in the chemicals and fibers, homes and construction materials, electronics, and health care business sectors. Its health care operations include devices and systems for acute critical care, dialysis, therapeutic apheresis, transfusion, and manufacture of biotherapeutics, as well as pharmaceuticals, diagnostic reagents, and nutritional products. With more than 29,000 employees around the world, the Asahi Kasei Group serves customers in more than 100 countries.
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