MDP previously retained CardioComm to update the Global ECG Management Solution (GEMS) software to its latest Windows 7 compatible version, GEMS 4.0, under a previously announced software development agreement.
Under the agreement, MDP and CardioComm were to share the benefits of the updated software.
CardioComm is now purchasing all rights, title and interest in GEMS 4.0 so that it will have the exclusive right to commercially benefit from the software.
Similarly, MDP previously co-funded development of the Heartcheck ECG Monitor and the Heartcheck PEN Handheld Heart Rhythm Monitor and their integration with GEMS.
CardioComm is now buying MDP’s interest in these devices so that CardioComm is able to exclusively market and distribute them internationally.
