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BRIEF-Medicalgorithmics signs final settlement agreement on acquisition of AMI/Spectocor clients
December 29, 2016 / 9:22 AM / 9 months ago

BRIEF-Medicalgorithmics signs final settlement agreement on acquisition of AMI/Spectocor clients

Dec 29 (Reuters) - Medicalgorithmics SA :

* Said on Wednesday that it has signed a final settlement agreement and release with Medicalgorithmics US Holding Corporation, Medi-Lynx Monitoring, Inc., Medi-Lynx Cardiac Monitoring, LLC, Andrew J. Bogdan and Marek Dziubinski (MDG/ML side) and AMI Monitoring, Inc., Spectocor, LLC and Joseph H. Bogdan (AMI side)

* The agreement has been signed in regards to the negotiations launched on Aug. 30 concerning the acquisition of the US-based business partner, AMI/Spectocor

* The sides have renounced mutual claims

* Medicalgorithmics said that it has waived fees for services rendered to the AMI side for Jan. and Feb. 2017 in the amount of USD 1.1 million

* AMI side has agreed to cooperate with MDG/ML side over the AMI clients’ acquisition in the shortest possible period of time

* AMI side can attract new customers until Jan. 15, 2017 Source text for Eikon:

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