Biotel Inc. is a Minnesota corporation that was incorporated in 1982. From 1982 to 1998, Biotel developed and marketed digital Holter recorders and software. Since 1998 we have conducted business as a non-operating holding company through wholly-owned subsidiaries. The businesses of our subsidiaries consist of developing, manufacturing, testing and marketing medical devices and related software as described below:
o Braemar, Inc. is a North Carolina corporation based in Eagan, Minnesota. Braemar designs, manufactures and services non-invasive medical and other specialized monitoring products and fluid transport, flow measurement and ultrasound products for original equipment manufacturers ("OEMs"). Braemar was incorporated in 1997 and became a wholly-owned subsidiary of Biotel in 1998 through a series of merger and acquisition transactions. Effective July 1, 2006, Braemar acquired the assets of our Carolina Medical, Inc. subsidiary.
o Until July 1, 2006, the Company's King, North Carolina facility operated as Carolina Medical, Inc., a Minnesota corporation. This business designs, manufactures and services fluid transport, flow measurement and ultrasound products for OEMs. Carolina Medical was incorporated in 1959 and became a wholly owned subsidiary of Biotel in 1998 through a series of merger transactions. Effective July 1, 2006, the assets of Carolina Medical were acquired by our subsidiary, Braemar, Inc.
o Advanced Biosensor Inc. is a Delaware corporation. Advanced Biosensor sells maintenance services, Holter recorders, Holter diagnostic software and Holter supplies to medical clinics and hospitals and their patients. In September, 2005 Advanced Biosensor abandoned development and sales activities on Holter diagnostic software technology of its own development, and began supplying software upgrades using software provided by others. Advanced Biosensor, which was incorporated in 1998, began operations in 1999 as a result of the roll-up of assets and operations of three companies.
o Agility Centralized Research Services, Inc. is a Minnesota corporation. Agility provides seven-day/24-hour electrocardiogram ("ECG") data and management services to the medical device and pharmaceutical industries, contract research and academic research organizations worldwide for cardiac safety and therapeutic evaluation purposes within clinical trials. Biotel purchased the assets comprising Agility's business in July 2004.
When we use the terms "we," "us," "our" or similar words, unless the context otherwise requires, we are referring to Biotel and its subsidiaries. Biotel's principal executive offices are located at 1285 Corporate Center Drive, Suite 150, Eagan, Minnesota 55121, and its telephone number is (651) 286-8620. Biotel's Internet website address is www.biotelinc.com.
o Braemar, Inc. is a North Carolina corporation based in Eagan, Minnesota. Braemar designs, manufactures and services non-invasive medical and other specialized monitoring products and fluid transport, flow measurement and ultrasound products for original equipment manufacturers ("OEMs"). Braemar was incorporated in 1997 and became a wholly-owned subsidiary of Biotel in 1998 through a series of merger and acquisition transactions. Effective July 1, 2006, Braemar acquired the assets of our Carolina Medical, Inc. subsidiary.
o Until July 1, 2006, the Company's King, North Carolina facility operated as Carolina Medical, Inc., a Minnesota corporation. This business designs, manufactures and services fluid transport, flow measurement and ultrasound products for OEMs. Carolina Medical was incorporated in 1959 and became a wholly owned subsidiary of Biotel in 1998 through a series of merger transactions. Effective July 1, 2006, the assets of Carolina Medical were acquired by our subsidiary, Braemar, Inc.
o Advanced Biosensor Inc. is a Delaware corporation. Advanced Biosensor sells maintenance services, Holter recorders, Holter diagnostic software and Holter supplies to medical clinics and hospitals and their patients. In September, 2005 Advanced Biosensor abandoned development and sales activities on Holter diagnostic software technology of its own development, and began supplying software upgrades using software provided by others. Advanced Biosensor, which was incorporated in 1998, began operations in 1999 as a result of the roll-up of assets and operations of three companies.
o Agility Centralized Research Services, Inc. is a Minnesota corporation. Agility provides seven-day/24-hour electrocardiogram ("ECG") data and management services to the medical device and pharmaceutical industries, contract research and academic research organizations worldwide for cardiac safety and therapeutic evaluation purposes within clinical trials. Biotel purchased the assets comprising Agility's business in July 2004.
When we use the terms "we," "us," "our" or similar words, unless the context otherwise requires, we are referring to Biotel and its subsidiaries. Biotel's principal executive offices are located at 1285 Corporate Center Drive, Suite 150, Eagan, Minnesota 55121, and its telephone number is (651) 286-8620. Biotel's Internet website address is www.biotelinc.com.
