CMS reimbursement MCOT

By Brian Dolan 07:16 pm November 10, 2010
CardioNet has announced plans to acquire Biotel in a definitive merger agreement for $11 million in cash, which includes a settlement agreement to dismiss the lawsuit between them. CardioNet had previously announced plans to acquire Biotel but cancelled the plans three days after the CMS contractor that reimbursed for its services dropped the reimbursement rate by almost one third. Interestingly...