The Israeli company Shachal, which provides medical services in the field of cardiac medicine, has submitted a proposal to purchase the American company Raytel, which supplies similar services, for $30 million in cash. Shachal, traded on the Swiss Stock Exchange, wants to thus gain a first-time presence in the American market. Raytel, which services 162,000 subscribers, posted losses of $33 million in 2001 with a turnover of $71 million in 2000, and profits of $5 million on turnover of $98 million in 1999. Shachal, however, ended January-September 2001 with profits of $12.3 million, and is traded at a market value of $130 million.