A Medical Device Daily

On Feb. 3, Certified Diabetic Services (CDS; Fort Myers, Florida), a national direct-to-consumer mail-order distributor of diabetic supplies and pharmaceutical services, reported that it had terminated the asset purchase agreement and plan of reorganization between the company, Andover Medical (North Andover, Massachusetts) and Medical Solutions Management (MSM) due to the parties' failure to consummate the agreement by Dec. 31.

The purchase agreement contemplated the acquisition of the operating subsidiaries of the company and Andover Medical by MSM in exchange for capital stock of MSM.

"While we are disappointed we did not close the transaction, the company has some great opportunities in 2009 that we are very excited about," said Lowell Fisher, CEO/chairman of CDS.

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