ReAble To Acquire Iomed

ReAble Therapeutics Inc., a rehabilitation and orthopedic device company, has agreed to acquire Iomed Inc. (AMEX: IOX), a manufacturer of drug-delivery devices used primarily for the management of pain. Iomed shareholders would receive $2.75 per share in cash, for a total transaction value of approximately $22 million. ReAble was taken private last November by The Blackstone Group. www.iomed.com