Natus Medical Incorporated acquired Embla Systems LLC, a developer and manufacturer of devices used in the diagnosis of sleep apnea. Embla offers a wide spectrum of innovative sleep diagnostic solutions including Embletta home sleep testing devices and three leading PSG platforms: Sandman, REMbrandt, and RemLogic, and Enterprise Sleep Business Management Systems. This breadth of product offerings provides a unique set of tools to help optimize the efficiency of sleep labs.
Natus acquired all outstanding shares of Embla capital stock for $16.1 million in cash, exclusive of direct costs of the acquisition. Embla reported revenue of approximately $30 million for its fiscal year ended December 31, 2010.
"The Embla acquisition affirms our leadership position in diagnostic neurology products," said Jim Hawkins, CEO of Natus. "With this acquisition, Natus will now hold the number one position in the worldwide sleep diagnostic market with annual revenue approaching $35 million."