NetworkNewsBreaks – CB Scientific Inc. (CBSC) Completes Asset Purchase Agreement, Focuses on ECG Monitoring Business
CB Scientific (OTC: CBSC), a provider of innovative products and services for the ambulatory noninvasive cardiac monitoring space, has completed the acquisition of Prevent Health Care International Corp., a private company located in British Columbia. The acquisition included PHCIC’s medical technology products developed to date, intellectual property, manufacturing expertise and patents. CB Scientific also acquired all information and knowledge available to promote, market and sell PHCIC’s product worldwide, excluding Australia. In addition, CBSC has acquired the subsidiaries of PHCIC, including My-Cardia USA Inc. and related businesses. Following the acquisition, CBSC assembled a core management team to continue the operation of…