BioTelemetry
Company description "BioTelemetry"
Overview:
Welcome to the BioTelemetry, Inc. website. The healthcare industry is at a critical juncture, where every effort is being made to increase the effectiveness of care, while decreasing the financial burden on our system. With the introduction of BioTelemetry, we aim to lead in the advancement of mobile health monitoring by providing unmatched products and services to help healthcare professionals track and diagnose patients in a more efficient, accurate, and cost-effective manner. In April 2013, our predecessor company, CardioNet, Inc. (NASDAQ: BEAT), announced plans to adopt a holding company structure to more effectively facilitate our ongoing growth plans. With this change, our strategy is to achieve sustained long-term growth by solidifying our leadership position in remote cardiac monitoring, building a leading research services business, and identifying markets that would benefit from the application of our wireless platform and proprietary technology.
Investors:
In July 2013, CardioNet shareholders voted to adopt a new holding company structure to more effectively facilitate its ongoing growth plan. Reflecting this development, the company will change its name to BioTelemetry, Inc. Pursuant to the plan, CardioNet, a Delaware corporation, will become a wholly owned subsidiary of BioTelemetry, a Delaware corporation. In addition, Cardiocore and Braemar will become operating subsidiaries of BioTelemetry. Current stockholders of CardioNet will become stockholders of BioTelemetry, with the same number and percentage of shares of BioTelemetry as they held of CardioNet prior to the creation of the holding company structure. The common stock of BioTelemetry is expected to continue to trade on NASDAQ under the symbol “BEAT.” CardioNet expects that the exchange of CardioNet shares of common stock for shares of BioTelemetry common stock will be treated as a tax-free transaction.
Contact Us:
BioTelemetry, Inc. 1000 Cedar Hollow Road, Suite 102 Malvern, PA 19355 888.312.BEAT (2328) 610.828.8048 (fax)
Company rating "BioTelemetry"
