Global Med Technologies®, Inc. (GLOB.OB) Signs Purchase Agreement Acquiring InLog, SA and Its German Subsidiaries
Global Med, an international e-Health medical information technology company, announced March 31, 2008 that it has signed a purchase agreement to acquire Inlog, SA, and its German subsidiaries for a maximum of USD $11.5 million in a combination of cash, stock and earn-out. Inlog’s shareholders are to use $500,000 USD of the cash proceeds to purchase Global Med common stock in the open market within three months of the closing. Global Med will utilize a combination of existing cash and debt to pay for the transaction. Inlog’s unaudited revenues for the fiscal year were about 7.3 million in Euro (11.4…