Saturday, February 21, 2009

Alsius Corporation Announces Agreement to Sell Assets to ZOLL Medical Corporation

IRVINE, Calif., Feb. 20 (HSMN NewsFeed) -. Alsius Corporation (Nasdaq: ALUS ) announced today that it has signed an agreement with a wholly- owned subsidiary of ZOLL Medical Corporation (Nasdaq: ZOLL ) under which Alsius will sell to ZOLL substantially all the assets constituting Alsius' intravascular temperature management device business for a purchase price of $12 million in cash. The assets to be acquired include the intellectual property relating to the business, other intangibles, inventories and fixed assets. The closing of the transaction is subject to customary closing conditions.

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