Luther Medical Sells Unit to Illinois Company
- Share via
TUSTIN — Catheter maker Luther Medical Products Inc. on Thursday said that it has sold one of its subsidiaries to Bio-logic Systems Corp. of Mundelein, Ill. Terms of the deal were not disclosed.
Luther, which has been struggling to create new distribution channels for its catheters, said the sale of Neuro Diagnostics Inc. is outside of the company’s core business.
The subsidiary sells equipment to the neurology and rehabilitation market.
“It doesn’t fit, and we’re really not prepared to develop it,” spokeswoman Rivian Bell said. Bio-logic Systems, on the other hand, is in a compatible business with Neuro Diagnostics, that is designing and marketing computerized medical electrodiagnostic equipment.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
