Bio Physics International Inc. said it agreed to acquire two medical equipment research companies from privately held Tronomed Inc. of Irvine for $610,000 in cash and stock.
Bio Physics, which is based in Salt Lake City but has operations in Newport Beach, said it expects to complete the acquisition of New Technology for Medicine Inc. and Sentron International Inc. within 30 days.
Sentron International is developing an electronic device which can be used to monitor sleeping infants who have been diagnosed as being susceptible to Sudden Infant Death Syndrome, a prolonged breathing stoppage that often leads to death in babies.
In August, Bio Physics acquired three limited partnerships, all of which are engaged in medical equipment and instrument research. One of those partnerships is developing monitoring equipment similar to that being worked on at Sentron.
Bio Physics stock is traded over the counter.