Fenwick & West represented SonoSite, Inc., the world leader and specialist in bedside and point-of-care ultrasound, in its recently announced acquisition of Visualsonics, the leading developer of real-time, in vivo, high-resolution, micro-imaging systems for preclinical research. The aggregate transaction value will be approximately $71 million net of cash and debt. The acquisition is subject to various standard closing conditions and is expected to be complete in June 2010.
Visualsonics operates in Toronto, Canada.
The Fenwick & West transaction team included corporate attorneys Stephen Graham, Alan Smith, Jessie Minier, Nicholas Frey and Matt Karwoski; executive compensation and employee benefits attorney Scott Spector, patent attorney Robert Hulse; licensing attorneys Lisa Kenkel and Lance Stern; and tax attorneys Michael Solomon and Timothy Fitzgibbon. The in-house team at SonoSite included Kathy Surace-Smith, Todd Morgan, John Bowers, Andrew Haring and Brad McCugh.
More information about the transaction can be obtained from the SonoSite website.