November 26, 2014 6:08 PM ET

Healthcare Equipment and Supplies

Company Overview of Medical Graphics Corporation

Company Overview

Medical Graphics Corporation designs, manufactures, and distributes non-invasive cardio-respiratory diagnostic systems and related software applications. It offers pulmonary consult software; flow sensors; prevent filters; CPFS/D Spirometer that provides spirometry services with optional bronchial provocation software; CPX Express that enables clinics, private practices, rehabilitation, and sports performance centers to assess exercise capacity; ECG stress system; and BreezeConnect that provides networking and interfacing solutions. The company offers accessories, including flow sensor, directconnect flow sensors, bikes, treadmills, environmental monitors, canopies, face tents, face masks, a...

350 Oak Grove Parkway

Saint Paul, MN 55127

United States

Founded in 1977

Phone:

651-484-4874

Fax:

651-484-8941

Key Executives for Medical Graphics Corporation

Chief Executive Officer
Age: 58
Chief Financial Officer
Age: 69
Vice President - Operations
Age: 73
Vice President of Cardiorespiratory Business
Age: 63
Vice President - Research and Development
Age: 64
Compensation as of Fiscal Year 2014.

Medical Graphics Corporation Key Developments

MGC Diagnostics Corporation and Medical Graphic Corporation Enter into a Credit Agreement with BMO Harris Bank NA

On July 24, 2014 MGC Diagnostics Corporation and its wholly owned subsidiary Medical Graphic Corporation entered into a credit agreement with BMO Harris Bank NA. The agreement includes a $4.0 million term loan and $3.0 million revolving credit facility that includes a $500,000 sub-limit for the issuance of standby and commercial letters of credit. The term loan, which bears interest at a floating rate currently equal to 5.0%, is amortized over a five-year period ending July 24, 2019 and is evidenced by a term note. The company funded the original $4.0 million under the term loan on July 24, 2014. The company is using these proceeds in connection with its acquisition of Medisoft SA, which the company expects to close on August 1, 2014. The revolving credit facility has a one-year term. The company anticipates it will renew the revolving credit facility after this initial one-year term. The company may use the revolving credit facility from time to time for working capital or general corporate needs. The revolving credit facility is evidenced by a revolving note.

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