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Cardiovascular Systems, Inc. Announces Investment and Acquisition Option Agreement With Telehealth Company, CarePICS, LLC

Cardiovascular Systems, Inc. Announces Investment and Acquisition Option Agreement With Telehealth Company, CarePICS, LLC
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Raleigh startup CarePICS has new investor, potential acquirer

RALEIGH Telehealth company CarePICS, which uses a technology-enabled virtual care platform to improve patient outcomes for those suffering from peripheral artery disease (PAD), completed an agreement this week to sell a minority state in the five-year-old, Raleigh-based company to Cardiovascular Systems, Inc. (CSI®) (NASDAQ: CSII).
The partnership deal also includes an acquisition option agreement.
“CarePICS is the connective tissue between collaborating physicians and their patients,” said CarePICS CEO Paul E. Schubert, in a statement. “Our platform provides effective multidisciplinary case management before and after vascular treatment. It produces a clear wound healing outcomes data set for all physicians involved throughout a patient’s care.” ....

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