August 1, 2007 - SonoSite Inc., a developer of portable ultrasound, announced it has acquired LumenVu Inc., a company that has developed a patented technology to improve the accuracy of catheter placement, as part of SonoSite’s strategy to strengthen its position in the vascular access market and add the disposable catheter guidance device sector as a new revenue stream.
While specifics of the deal were not disclosed, SonoSite plans to introduce products based on this technology in late 2008.