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June 5, 2014
12:21 EDTBEATBioTelemetry unit acquires assets of RadCore Lab
Biotelemetry announced that Cardiocore, its research services subsidiary, acquired the assets of RadCore Lab. While this acquisition provides growth potential, it is not expected to have a material impact on the company's FY14 results of operation.
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October 9, 2015
17:04 EDTBEATBioTelemetry COO Michael Geldart to resign
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October 6, 2015
08:05 EDTBEATBioTelemetry announces judge finds MedTel24 in contempt
Biotelemetry announced that the Honorable Juan R. Sanchez of the Eastern District of Pennsylvania has issued an October 2 Order finding MedTel24 in contempt of a Consent Judgment previously issued by the Court. The previously issued Consent Judgment declared all five asserted BioTelemetry patents valid, enforceable and infringed by MedTel. The Consent Judgment also declared that MedTel is permanently enjoined from further infringement and is required to deliver to BioTelemetry all software, source code, hardware, and documentation relating to the Heartrak ECAT system. In the recent Order, Judge Sanchez specifically found that BioTelemetry, "has established by clear and convincing evidence that MedTel is in contempt of the Consent Judgment." MedTel was ordered to return, within 21 days of the Order, all of the Heartrak ECAT materials it improperly retained in violation of the Consent Judgment. Judge Sanchez has further ordered that MedTel's CEO is required to submit a declaration to the Court that all of the materials have been returned within the 21-day window. To ensure MedTel's compliance, the Order also provided for a substantial fine of $20,000 per day for each day beyond the 21 days that MedTel fails to deliver the materials as directed. The Court will issue a separate Order addressing MedTel's other potential violations of the Consent Judgment and BioTelemetry's requests for lost profits, expenses, attorneys' fees and sanctions.

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