Escalon completes MRP Group acquisition

Wayne, PA-Escalon Digital Vision Inc., a subsidiary of Escalon Medical Corp., has completed the acquisition of substantially all of the assets of MRP Group Inc., a privately held provider of ophthalmic technology solutions. The purchase price included 250,000 shares of Escalon Medical Corp.'s common stock and about $50,000 cash.

Based in Lawrence, MA, MRP Group provides retinal and slit lamp imaging systems, office management software, and fundus camera power supplies.

Matthew Carnevale, MRP Group's founder and chief executive officer, will remain with Escalon as executive vice president of Escalon Digital Vision Inc.