SonoSite completes $69.5M acquisition of VisualSonics

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Ultrasound technology provider SonoSite has acquired the high-frequency micro-ultrasound technology company VisualSonics, as of June 30 for $67.9 million in net cash and debt.

SonoSite announced its intention to buy the Toronto-based ultrasound systems developer for $71 million in late May with the intention of entering the preclinical market.

Under the terms of the contract, VisualSonics will now become a wholly-owned subsidiary of SonoSite and the agreement will enable the creation of new imaging products for both market spaces, said Bothell, Wash.-based SonoSite.