CB Scientific (OTC: CBSC), a provider of innovative products and services for the ambulatory noninvasive cardiac monitoring space, has completed the acquisition of Prevent Health Care International Corp., a private company located in British Columbia. The acquisition included PHCIC’s medical technology products developed to date, intellectual property, manufacturing expertise and patents. CB Scientific also acquired all information and knowledge available to promote, market and sell PHCIC’s product worldwide, excluding Australia. In addition, CBSC has acquired the subsidiaries of PHCIC, including My-Cardia USA Inc. and related businesses. Following the acquisition, CBSC assembled a core management team to continue the operation of PHCIC and its subsidiaries. CB Scientific is now focused on the development, sale and service of innovative arrhythmia diagnostics and heart-monitoring solutions, including intellectual property and related products. “I am very optimistic about CB Scientific’s future prospects, as a result of becoming a public company, and the opportunities available for our proprietary cardiac products and cloud-based applications,” said CBSC CEO Charles Martin. “The market for heart monitoring has grown substantially over the past decade, and our international target markets have a huge need for our products and services. I expect sales to grow rapidly.”
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About CB Scientific Inc.
CB Scientific, through its U.S. and international subsidiaries, provides innovative products and services in the ambulatory non-invasive cardiac monitoring space. The company’s FDA-approved and CE-cleared EKG devices, interactive cloud-based acquisition software and smartphone apps for both iOS and Android platforms provide improved compliance for patients at risk of abnormal heart rhythms as well as more accurate information for physicians. For more information about the company, visit www.CBScientificInc.com
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