Nov 16 Private equity firm KKR & Co LP said on Monday it has agreed to invest $35 million in Australian handheld ultrasound device maker Signostics Ltd, in a deal that underscores the potential of portable diagnostic technology.
Signostics’ palm-sized ultrasound devices are smaller, cheaper and more portable than traditional ultrasound systems, allowing their use in more diagnostic settings and making the company part of a rapidly growing industry, according to KKR.
The investment will give Signostics the long-term funding it needs to fund research and development,
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