Natus Medical Inc. (Nasdaq: BABY) has agreed to purchase the Otometrics division from GN Store Nord A/S (CPH: GN), a Danish maker of hearing instruments and audio diagnostics equipment, for $145 million in cash. The deal is expected to close by year end 2016.
GN’s Taastrup, Denmark-based Otometrics business line provides computer-based audiological medical equipment and sound rooms to hearing professionals throughout more than 86 countries. Otometrics’ product line includes: the ICS Impulse, which is a vestibular tool that helps professionals assess and treat patients with disorders in the inner ear; the Madsen Capella, a hearing assessment attachment that has the ability generate ear data from frequencies; and the Aurical Otocam 300, a video otoscope that gives medical professionals access to images and video footage of their hearing care assessment. Otometrics has annual revenue of approximately $110 million.