Itamar Medical extends sleep device deal with US insurer

Shares in Itamar Medical jumped over 12% by early afternoon.

Itamar Medical Ltd. (TASE:ITMR) has extended an agreement with Kaiser Foundation Health Plan, Inc. for the sale of its sleeping disorder diagnostic device and related services.

The deal, reached with Itamar's US unit, is now valid through the end of March, 2013.

The agreement applies to the WatchPAT, its software, and services provided.

Kaiser is one of the largest medical insurers in the US. According to Kaiser, it provides coverage for 8.6 million people.

Itamar's share price jumped 12.08% today, and are up over 18% so far in 2010.

Published by Globes [online], Israel business news - www.globes-online.com - on March 4, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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