Natus Medical acquires Grass Technologies group from Astro-Med Natus Medical (BABY) and Astro-Med (ALOT) have consummated the sale of the Grass Technologies Product Group from Astro-Med to Natus. On January 7, the companies announced that they had entered into an asset purchase agreement for the transaction. The Grass Technologies Product Group includes clinically differentiated neurodiagnostic and monitoring products, including a portfolio of polysomnography and electroencephalography systems for both clinical and research use and related accessories and proprietary electrodes. Natus expects the acquisition to be accretive to non-GAAP earnings in its second quarter and full year 2013. Natus funded the $18.6M cash purchase price with existing cash and borrowings under its credit facility. Astro-Med reported revenue from the Grass segment of $18.5M for the fiscal year ended January 31, 2012.
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