On June 18th, Stradling client TherOx, Inc. was acquired by ZOLL Medical Corporation, an Asahi Kasei Group Company that develops and markets medical devices and software solutions. Financial terms of this transaction were not disclosed. Read the press release here.
TherOX, Inc., of Irvine, California, is a privately held company focused on improving treatment of acute myocardial infarction (AMI) and markets systems to deliver SuperSaturated Oxygen (SSO2) Therapy.
Marc Alcser led the team, which included shareholders Jason Lee, Joseph Haney (real estate), Ryan Gaglio (tax), and associate Paige Smith. Santa Barbara shareholder Jeff Dinkin and associate John Wicker advised on employment matters. Shareholder Larry Cohn served as special counsel in the transaction.