This announcement appears as a matter of record only
has acquired
The undersigned initiated this transaction, assisted in the negotiations, and acted
as financial advisor to
PositiveID Corporation.
as financial advisor to
PositiveID Corporation.
Middle Market Investment Banking Firm FOCUS LLC Represents PositiveID Corporation in Acquisition of MicroFluidic Systems, a Leader in Biological Testing and Sample Prep Applications
Acquisition Reinforces Trend of Increased M&A Activity in the Healthcare and Life Sciences Industry
Washington DC (June 3, 2010) – FOCUS LLC, a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that PositiveID Corporation (“PositiveID”) (Nasdaq:PSID), has acquired MicroFluidic Systems (MFSI). FOCUS represented PositiveID in the transaction. MFSI’s strong portfolio of intellectual property related to sample preparation and rapid medical testing will complement PositiveID’s virus detection and diabetes management focus, as well as provide expanded capabilities for homeland security applications. Read more...