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Genesis Medical acquired by Cogentix Medical

Cogentix Medical has announced its acquisition of Genesis Medical, the exclusive UK distributor of its PrimeSight endoscopy systems, for an undisclosed amount. As part of the transaction, which is expected to bring in $800,000 in revenue for Cogentix by the year's end and more than $2 million in 2018, Genesis will receive revenue milestone payments of up to around $672,000 from Cogentix through March 2019.

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