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Israel's XTL, Medica To Buy U.S. Device Maker InterCure

Israel's XTL Biopharmaceuticals plans to acquire U.S.-based InterCure, a medical-device maker for lowering hypertension.

Israel's XTL Biopharmaceuticals plans to acquire U.S.-based InterCure, a medical-device maker for lowering hypertension. The acquisition is to be made with Medica Venture Partner, owner of 14.8% of InterCure, the two buyers to invest $3.25 million in the company valued at $1.75 million. InterCure's primary device is its Resperate, which uses a sensor and software to provide up-to-the-minute information on a patient's breathing. (Click here for more

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