Natus Medical Inc., a provider of medical devices for newborn care, said Wednesday it acquired the neurology division of privately held Schwarzer GmbH to boost its position in Europe.
Financial terms of the cash deal were not disclosed, but include a provision that Schwarzer may receive additional payments based on the division's performance.
Schwarzer Neurology sells diagnostic systems and disposable supplies used by doctors to diagnose neurologic disorders. For the fiscal year ended June 30, Schwarzer expects sales of 4.8 million euros ($7.6 million) for its neurology business.
Natus said the acquisition will add to 2008 earnings.
Shares of Natus rose 57 cents, or 2.7 percent, to $22.05 in afternoon trading.
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