“The Buzz” Show: RA Medical Systems Inc (NYSE: RMED) Definitive Merger with Catheter Precision | Financial Buzz

“The Buzz” Show: RA Medical Systems Inc (NYSE: RMED) Definitive Merger with Catheter Precision

FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “RA Medical Systems Inc Enters Into Definitive Merger Agreement with Catheter Precision”

Ra Medical Systems, Inc. (NYSE: RMED) announced entry into an Agreement and Plan of Merger (the “Definitive Merger Agreement”) with privately held Catheter Precision, Inc. (“Catheter Precision”), a medical device and technology company focused in the field of cardiac electrophysiology. Under the terms of the agreement, Catheter Precision will become a wholly owned subsidiary of Ra Medical in a stock for stock reverse merger transaction (the “Merger”). If completed, the Merger will result in a combined publicly traded company that will focus on the cardiac electrophysiology market, one of the most robust and growing areas of medical devices. Medtech veteran David Jenkins, who has extensive experience growing medical device start-ups, will act as Chief Executive Officer of the combined company. Before taking the role as CEO of Catheter Precision, Mr. Jenkins was instrumental in operating several medical device start-ups, including Transneuronix, Inc., which was acquired by Medtronic plc (NYSE:MDT) for $267 million in July 2005, and EP MedSystems, Inc., which was acquired by St. Jude Medical for $95.7 million in July 2008.

Ra Medical Systems, Inc. is a medical device company that owns intellectual property related to an advanced excimer laser-based platform for use in the treatment of vascular immune-mediated inflammatory diseases. Its excimer laser and single-use catheter system, together referred to as the DABRA Excimer Laser System, is used as a tool in the treatment of peripheral artery disease.

For more information, please visit: Ra Medical Systems, Inc.

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