EP MedSystems (EPMD) Reports a Q1 Loss
EP MedSystems, Inc. (NASDAQ: EPMD) reports a Q1 loss of $0.04, in-line with estimates.
The Company achieved quarterly revenue of $4.6 million, representing a 29% increase over the $3.5 million reported for the same period in 2007. (Consensus is $4.79 million)
On April 8, 2008, St. Jude Medical, Inc. and EP MedSystems announced that the Boards of Directors of both companies have unanimously approved a definitive agreement (the "merger Agreement") whereby St. Jude Medical will acquire all of the issued and outstanding stock of EP MedSystems for $3.00 per share payable in a combination of cash and St. Jude Medical stock, for a total of approximately $92 million.
The Company achieved quarterly revenue of $4.6 million, representing a 29% increase over the $3.5 million reported for the same period in 2007. (Consensus is $4.79 million)
On April 8, 2008, St. Jude Medical, Inc. and EP MedSystems announced that the Boards of Directors of both companies have unanimously approved a definitive agreement (the "merger Agreement") whereby St. Jude Medical will acquire all of the issued and outstanding stock of EP MedSystems for $3.00 per share payable in a combination of cash and St. Jude Medical stock, for a total of approximately $92 million.
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