Cardiac Science Corporation (CSC), a leading provider of automated
external defibrillators (AEDs), related services and accessories, today
announced it has entered into a definitive agreement to be acquired by
ZOLL® Medical Corporation, an Asahi Kasei Group Company that
manufactures medical devices and related software solutions. CSC is a
portfolio company of Aurora Resurgence, a Los Angeles-based private
equity firm.
Together, the combined company will be equipped to provide a broad range
of technologies and services to address current needs, and the resources
and vision to lead next-generation innovation. Specifically, the
combination of Cardiac Science’s Rescue Ready® Services and ZOLL’s
program management portfolio will result in the largest single database
of AED information, improving first responder access to AEDs and in
turn, their ability to respond to victims of cardiac arrest.
“We are enthusiastic that ZOLL is the right company to champion our
high-quality AED portfolio, leveraging its footprint and vision to
expand access and applications for use in communities worldwide,” said
Dev Kurdikar, President and CEO of Cardiac Science. “The agreement
reflects ZOLL’s appreciation for the value of our technology, and I am
confident customers will benefit from the increasing resources and reach
of our combined portfolios.”
Cardiac Science continues to introduce new solutions this year that
improve ease of use and performance of AED systems, strengthening its
robust portfolio and record of quality.
“We see considerable complementary features in the two portfolios and
look forward to adding the Cardiac Science technology to the services we
offer our customers,” said Elijah A. White, President of ZOLL
Resuscitation. “In fact, the opportunities we gain by sharing the
expertise, technologies and accessories of each legacy organization will
dramatically improve the utility of our combined portfolio.”
As part of the agreement, ZOLL will acquire Cardiac Science’s product
portfolio and pipeline, along with its facilities in the United States
and Europe. Additional terms of the agreement are not being disclosed.
The acquisition is subject to anti-trust regulatory approval and other
customary closing conditions. Until closing, the companies will operate
independently.
About Cardiac Science Corporation
Cardiac Science develops, manufactures, and markets automated external
defibrillators (AEDs), as well as AED parts and accessories. The company
also offers Rescue Ready® Services, a comprehensive portfolio of
training, maintenance, and support services for AED customers. Cardiac
Science has executive offices in Deerfield, Wisconsin. The company has
operations in North America, Europe and Asia and has an installed base
of over 500,000 units in nearly 100 countries worldwide. For
information, visit http://www.cardiacscience.com.
About ZOLL Medical Corporation
ZOLL Medical Corporation, 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. For more information, visit www.zoll.com.
About Asahi Kasei
The Asahi Kasei Group is a diversified group of companies led by holding
company Asahi Kasei Corp., with operations in the material, homes, 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 and diagnostic reagents. With more than 30,000 employees
around the world, the Asahi Kasei Group serves customers in more than
100 countries. For more information, visit www.asahi-kasei.co.jp/asahi/en/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190611005262/en/