Medstone Looks at Surgery-Finance Firm
Medical device maker Medstone International Inc. said Tuesday that it has tentatively agreed to acquire a 67% stake in MediCredit, a private company that provides financing for elective surgeries. Financial terms weren’t disclosed.
Medstone, based in Aliso Viejo, said the purchase will provide MediCredit with capital to develop brand recognition and enhance its Web site.
“MediCredit, through its MediCredit.com Web site, has the potential to develop into a major portal between the physician and the patient requesting elective surgery,†Medstone said.
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