DexCom-Spotting a good deal with Sweetspot

Boston, MA 02/25/2013 (wallstreetpr) – DexCom, Inc (NASDAQ:DXCM) announced that it has forayed into a definitive, all stock transaction agreement to acquire Sweetspot Diabetes Care, which is an information technology company that focuses primarily on the healthcare industry. The initial consideration could stretch up to $4.5 million and the performance based earn-out consideration could reach an additional $4 million. The deal will be sealed over the next few weeks. Cloud-based computing is becoming very popular and it hasn’t left the healthcare market untouched. SweetSpot has specialized solutions for the health industry wherein an advanced cloud-based platform is used to upload and process data. This raw data which is collected from patient devices is then converted into potent information used by researchers, healthcare providers and patients alike.

A healthy background

DexCom, Inc (NASDAQ:DXCM), the San Diego, California-based company was founded in 1999 and constant innovation and adaptation have been the mainstays of this dynamic company. Its latest ground-breaking innovation took place in Feb 2012 when it forged a Development and Commercialization Agreement with another healthcare biggie, Tandem Diabetes Care Inc. It integrated a next generation glucose monitoring technology with the Tandem trademarked Insulin Delivery System called t: slim, to create the touch-screen insulin pump which was a first in the industry.

Shares of DexCom, Inc (NASDAQ:DXCM) went up by 11.29% to close at $15.73

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Published by Viraj Shah

Viraj Shah has done M.Com (Finance) and currently pursuing CFP. He is a technical analyst who tracks US markets along with other global markets like India very closely. He is very passionate about stocks and believes that money can always be made in market.

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