SunTech Medical Buys Stake in Virginia Firm
Posted March 13, 2006 11:54 a.m. EST
RESEARCH TRIANGLE PARK, NC — SunTech Medical
, a developer of motion-tolerant, non-invasive blood pressure monitoring products and technology, has taken an equity stake in Empirical Technologies Corporation.
Financial terms were not disclosed.
Empirical is based in Charlottesville VA. Among its areas of expertise is non-invasive physiological monitoring for, among other things, heart and respiratory rate and blood pressure.
"Our mission is to be the dominant supplier of blood pressure monitoring products and technology," said Dayn McBee, chief executive officer of SunTech Medical. "We have filled another significant and strategic piece of our business. SunTech Medical's intimate knowledge of the blood pressure industry combined with Empirical Technologies Corporation's innovative technology creates a synergistic partnership."