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Virmmac
Posted On: 11/23/2015 9:20:09 AM
Post# of 9163
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Posted By: Pecanzington
$SIMH announced the approval of the sale of its Thermomedics subsidiary and its FDA cleared Caregiver® non-contact clinical-grade thermometer to Positive ID Corporation for a combination of cash, stock and earn-outs which may be valued at as much as $2 Million. At Closing the Company will receive cash and Preferred Stock of Positive ID. The Closing of the sale is subject to certain closing conditions set forth in the definitive agreement.

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