Zynex Acquires Kestrel Labs to Expand Patient Monitoring Portfolio.

MANews-(C)2009-2021

Colorado, US-based medical technology company Zynex, Inc. (NASDAQ: ZYXI) has acquired 100% of Colorado-based patient monitoring technology company Kestrel Labs, Inc., to expand patient monitoring portfolio, the company said.

The transaction closed on December 22, 2021 at an approximate value of USD 31.0m, consisting of USD 16.0m in cash, which is being financed through Bank of America N.A. and approximately USD 15.0m in Zynex common stock.

The combination of the technologies of the two companies is expected to advance the future of patient monitoring.

Zynex, Inc. specialises in the manufacture and sale of noninvasive medical devices for pain management...

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