Verathon, Maker of Diagnostic Ultrasound Tools, Acquired by Roper as Part of $356M Deal
Bothell, WA-based Verathon, which markets a simple ultrasound technology to help doctors diagnose common bladder disorders, has been acquired by Sarasota, FL-based Roper Industries in a pair of transactions worth a combined $356 million.
Roper (NYSE: ROP), a company with a market capitalization of $4.8 billion, made the announcement Friday. It said it acquired Verathon and Montgomery, AL-based United Toll for a combined $356 million, although it didn’t break out the value of each individual company. Adding those two companies will boost Roper’s revenues by more than $140 million in 2010, the company said.
Verathon has been one of the under-the-rader success stories in the Seattle-area ultrasound cluster. The company, formerly known as Diagnostic Ultrasound, was founded by Gerald McMorrow about 25 years ago. It is best known for a fast, easy-to-use diagnostic tool called BladderScan that, like the name suggests, does 3-D scans of the bladder to spot common urinary problems that urologists and primary care physicians want to look for. The company later diversified with another diagnostic tool called GlideScope, which is supposed to help doctors get a clear look inside a patient’s airway so they can do fast and efficient insertions of breathing tubes. The company has grown to more than 400 employees worldwide, according to its website.
The management teams at both Verathon and United Toll are expected to stay on the job after the deals close, Roper said.
News of the deal was reported earlier today by TechFlash.