Wound Management Technologies to acquire healthcare assets of Virtual Health Technologies

Wound Management Technologies, Inc. (WMT) has entered into a letter of intent to acquire all healthcare-related assets of VirtualHealth Technologies, Inc., a provider of technology solutions to the healthcare industry.

WMT is a marketer and distributor of wound care products. Both the companies are based in the US.

Under the terms of the transaction, WMT will acquire Medical Office Software, Inc., Secure eHealth, LLC, and the Veriscrip technology from VirtualHealth Technologies.

Deal Type    Acquisition
Sub-Category Asset Purchase
Deal Status  Announced: 2009-11-05

Deal Participants

Target (Company)   VirtualHealth Technologies, Inc. - Healthcare Assets
Acquirer (Company) Wound Management Technologies, Inc.
Vendor (Company)   VirtualHealth Technologies, Inc.

Deal Rationale

The acquisition fits well with WMT's domestic plans to leverage its existing infrastructure to develop opportunities within the Healthcare market, and focus on the US government healthcare technology initiative. The acquisition will enable WMT to expand its product distribution throughout various medical facilities.

Related terms: acquisition, distributor, government, health, healthcare, market, medical, products, technology