MedCity Influencers

CardioNet knocks again at Biotel’s door

CardioNet Inc. (NASDAQ:BEAT) is giving its failed attempt to acquire cardiac monitor developer Biotel Inc. (OTC:BTEL) another shot. The Conshohocken, Pennsylvania-based wireless cardiac device maker today announced its plans to purchase Eagan, Minnesota-based Biotel Inc. for $11 million, or $3.84 per share, a 156 percent premium over its Nov. 5 closing price of $1.50. CardioNet […]