Stanley Black & Decker will expand its reach into the health care market with a definitive agreement to acquire InfoLogix Inc. for $61.2 million.
Best know for its Stanley line of tools--augmented by the recent acquisition of Black & Decker--New Britain, Conn.-based Stanley also sells mechanical doors, security solutions, fastening systems and other industrial products. The company has diversified into health care in recent years and sells portable emergency call buttons, carts and cabinets, abduction prevention applications, and patient wander, fall and bed turn management software.
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