Article: Colorado MEDtech, Inc. Announces Acquisition of Image-Guided Positioning and Stabilizing Devices From Barzell-Whitmore Maroon Bells, Inc.

Business Editors/Health & Medical Writers

BOULDER, Colo.--(BW HealthWire)--Feb. 13, 2002

Colorado MEDtech, Inc. (Nasdaq:CMED), a provider of advanced medical technology outsourcing services and medical imaging products, announced today that its CIVCO Medical Instruments subsidiary has completed the acquisition of Barzell-Whitmore Maroon Bells, Inc. ("Barzell-Whitmore").

Barzell-Whitmore is a leading designer and manufacturer of specialized positioning and stabilizing devices used in image-guided minimally invasive surgery. Consideration for the purchase consisted of 127,000 shares of Colorado MEDtech stock and $2.0 million cash at closing, plus ...

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