The transaction was announced on March 27, 2014.
AirStrip is a leading provider of mobile technology to the healthcare industry. Sense4Baby is the developer of a fetal/maternal monitoring system to perform non-stress testing for high-risk pregnancies. As part of the deal, AirStrip has licensed the associated technology from the Gary and Mary West Health Institute, where the monitoring system was originally researched.
Airstrip was represented by Jackson Walker partner Stephanie Chandler, with assistance from associates Joseph Fonlon and Jeremy Sheng. The successful transaction demonstrates the strength of the firm’s Corporate & Securities practice group in addressing the distinctive needs of healthcare technology clients engaged in mergers, acquisitions, dispositions, joint ventures and other strategic alliances.