Geneva Health Solutions: BioTelemetry agrees to buy California-based medical device company for $65M

Medical device company BioTelemetry Inc. has agreed to buy California-based Geneva Healthcare, a provider of remote monitoring for implantable cardiac devices, for $45 million with a promise of an additional $20 million over time. Pasadena, Calif.-based Geneva is an early stage company that has developed a cloud-based platform that aggregates data from the device manufacturer systems, enabling the company to remotely monitor all of a physician's patients with implantable cardiac devices such...