Marquette plans purchase of Corometrics

April 20, 1994

Marquette Electronics reported signing an agreement this month to purchase Corometrics Medical Systems from parent American Home Products. Corometrics markets Aloka's line of ob/gyn ultrasound scanners.Milwaukee-based Marquette, which manufactures

Marquette Electronics reported signing an agreement this month to purchase Corometrics Medical Systems from parent American Home Products. Corometrics markets Aloka's line of ob/gyn ultrasound scanners.

Milwaukee-based Marquette, which manufactures patient monitoring devices, will continue to maintain the OEM relationship with Aloka, according to the company.

Japan-based Aloka tied with GE for second place in the U.S. ob/gyn segment in 1992 with an 18% market share (SCAN 7/28/93). Aloka assumed direct sales and marketing of its scanners outside the ob/gyn segment in 1990 (SCAN 8/15/90).

Marquette will acquire Wallingford, CT-based Corometrics for $73 million. The deal is subject to the approval of the board of American Home Products, as well as federal antitrust authorities.