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EQS-Ad-hoc News vom 10.11.2015

LifeWatch AG: Acquisition of FlexLife Health Inc., an INR monitoring company co-founded by the Cleveland Clinic

EQS Group-Ad-hoc: LifeWatch AG / Key word(s): Acquisition

2015-11-10 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.


LifeWatch(R) acquires FlexLife Health Inc., an INR monitoring company co-founded by the Cleveland Clinic

Zug/Switzerland, November 10, 2015 - LifeWatch(R) AG (SIX Swiss Exchange: LIFE), a leading developer and provider of medical solutions and remote diagnostic monitoring services in the digital health market, is pleased to announce the acquisition of FlexLife Health Inc., a company offering remote patient monitoring services in the area of coagulation measurement, by its subsidiary, LifeWatch Services Inc.

FlexLife was founded in 2012 by the Cleveland Clinic Foundation and ZIN Technologies, Inc. (a NASA partner for health in space) to offer home monitoring solutions for INR (blood clotting) measurement. FlexLife offers INR monitoring services via a proprietary web-based digital health platform that is superior to all other current service offerings in the market. Monitoring of the INR is essential for patients taking drugs like Warfarin (an oral anticoagulant), which pose a risk of bleeding or clotting if dosing is not properly monitored.

LifeWatch's electrophysiologist and cardiologist relationship base have already expressed a deep interest in remote monitoring of INR for their patients, since the main cause of a clinical arrhythmia, detected by LifeWatch's existing cardiac devices, is atrial fibrillation for which Warfarin is a common treatment option. Dr. Stephan Rietiker, CEO of LifeWatch, stated: "I am excited about this acquisition, particularly since Warfarin and similar generic anti-coagulants are the most commonly prescribed ant-coagulant medications in the U.S. The FlexLife product complements well our existing cardiac monitoring business and will allow us to provide doctors and their patients needing INR therapy due to atrial arrhythmias with a unique and easy-to-use product that will improve patient quality of life."

LifeWatch will integrate this business into its existing operations to benefit from synergy effects (reimbursement, distribution, etc.) and profitably grow the business over the next few years. LifeWatch expects to commence activities already in December this year with a full launch in the U.S. at the beginning of 2016. The parties have agreed to keep the terms of the transaction confidential.

 

For further questions:

LifeWatch AG
c/o Dynamics Group, Philippe Blangey / Doris Rudischhauser
Phone: +41 43 268 32 35 / +41 79 410 81 88
E-mail: investor-relations@lifewatch.com

About LifeWatch AG:

LifeWatch AG, headquartered in Zug and listed on SIX Swiss Exchange (LIFE),
Switzerland, is a leading healthcare technology and solution company, specializing in advanced digital health systems and wireless remote diagnostic patient monitoring services. LifeWatch's services provide physicians with critical information to determine appropriate treatment and thereby improve patient outcomes. LifeWatch AG has operative subsidiaries in the United States, in Switzerland and in Israel, and is the parent company of LifeWatch Services Inc., and LifeWatch Technologies, Ltd. LifeWatch Services, Inc. is a leading U.S.-based provider of cardiac monitoring services and home sleep testing of Obstructive Sleep Apnea (OSA). LifeWatch Technologies Ltd., based in Israel, is a leading developer and manufacturer of telemedicine products. For additional information, please visit www.lifewatch.com.

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This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding future results of operations and financial position, the business strategy, and plans and objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect" and similar expressions are intended to identify forward-looking statements. LifeWatch AG has based these forward-looking statements largely on current expectations and projections about future events and financial trends that it believes may affect the financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances described may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. All forward-looking statements are based only on data available to LifeWatch AG at the time of the issue of this press release. LifeWatch AG does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL
CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF SECURITIES OF LIFEWATCH AG OR ANY OF ITS SUBSIDIARIES FOR SALE IN THE UNITED STATES, OR AN INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES OF LIFEWATCH AG OR ITS SUBSIDIARIES IN THE UNITED STATES. IN ADDITION, THE SECURITIES OF LIFEWATCH AG AND ITS SUBSIDIARIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS. ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM LIFEWATCH AG OR ITS SUBSIDIARIES, AS APPLICABLE, AND WILL CONTAIN DETAILED INFORMATION ABOUT THE ISSUER AND ITS MANAGEMENT AS WELL AS FINANCIAL STATEMENTS OF THE ISSUER.


End of ad hoc announcement

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Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=YVJXEVSDAP
Document title: LifeWatch(R) acquires FlexLife Health Inc., an INR monitor-ing company co-founded by the Cleveland Clinic


2015-11-10 News transmitted by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.



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