Endocare, Inc. (Endocare) and Galil Medical Ltd. (Galil Medical) said that they have signed a settlement agreement. This agreement relates to termination of the earlier announced merger agreement between both the companies pursuant to which Endocare would have acquired Galil Medical, and the settlement of all related litigation in Delaware Chancery Court.

On June 11, 2009, Galil Medical has filed suit in Delaware court to enjoin the proposed acquisition of Endocare by HealthTronics, Inc. Both parties settled all related litigation in Delaware Chancery Court.

Galil Medical is a medical device company focused on the development of minimally invasive technologies for tissue and tumor ablation.

Endocare is a medical device company providing minimally invasive technologies for tissue and tumor ablation.