#HALMA COMPANY PLUS#

SunTech, backed by Halma, can accelerate Meditech's growth with expansion of global market access and investment in R&D.

#HALMA COMPANY PLUS#

Meditech has multiple complimentary channel partners plus a deep knowledge of the EMEA market and EU MDR requirements, which can help SunTech. It's obvious that Meditech's customers are intensely loyal because of the high level of service they have received over the years, along with the excellent performance of Meditech's solid technology and products. As we got to know the team at Meditech, we were highly impressed with their talent, and we believe they will add significant commercial, R&D, operational and regulatory capabilities to the combined group. Rob Sweitzer, President of SunTech, commented 'We are thrilled to welcome Meditech employees and customers to the SunTech and Halma families. The leadership of both SunTech and Meditech look forward to continued growth and innovation stemming from this new partnership. Since then, both companies have continued to innovate and bring new solutions to market. Over 20 years ago, SunTech launched its first oscillometric ABPM product, the Oscar, which was manufactured by Meditech. SunTech and Meditech have a lengthy shared history. Together, SunTech and Meditech will use a combined expertise in ABPM to bring new innovations to the ABPM market and improve the diagnosis and management of hypertension worldwide. SunTech already has a strong position in the ABPM market with the Oscar 2 ABPM. In early 2021, Meditech received USA FDA 510(K) clearance for the product, and sales have commenced worldwide. In 2020, Meditech launched its novel ABPM-06, which has the new SleepWell ® function and built-in voice recording. Meditech recently celebrated its 30 th anniversary. Through the acquisition, Meditech becomes a business unit of SunTech, allowing SunTech to leverage the two companies' expert knowledge of blood pressure (BP) to bring better BP solutions to customers. ('SunTech') a subsidiary of Halma plc (LSE: HLMA), announced today that Halma has completed the acquisition of all shares of Meditech Kft., a manufacturer of ambulatory blood pressure monitors (ABPM) and ECG Holter devices based in Budapest, Hungary. 03, 2021 (GLOBE NEWSWIRE) - SunTech Medical, Inc.

Halma company