In Brief: Nellcor

Nellcor: Pulse oximeter and patient monitoring equipment manufacturer enters the home therapy product market by acquiring privately held Pierre Medical, a French manufacturer of home respiratory products. Pierre, which markets its noninvasive ventilators, sleep apnea therapy systems and oxygen concentrators primarily in France and Germany, will become part of Nellcor's EdenTec home health care subsidiary. EdenTec, based in Eden Prairie, Minnesota, currently manufactures and markets apnea monitors, sleep apnea diagnostic devices and oximetry products for use in the home. Acquisition of the 50-employee Pierre Medical "is an excellent strategic fit for Nellcor and EdenTec as we expand our presence in home health care and in international markets," the firm says. Terms of the deal were not disclosed...