deals, medical devices, Life Sciences

Zoll Medical to Buy Alsius for $12M

Ryan McBride 2/23/09

Zoll Medical (NASDAQ:ZOLL), a Chelmsford, MA-based provider of devices and products for the critical care market, has agreed to acquire the assets of medical devices firm Alsius for $12 million in cash, according to a press release. Irvine, CA-based Alsius (NASDAQ:ALUS) makes products that control body temperature to, for example, induce hypothermia in stroke victims to limit brain damage. The deal is pending approval by Alsius shareholders, according to Zoll.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.