Deal summary reprinted from Strategic Transactions - September 2008
MediCult AS has acquired fellow assisted reproductive technologies company MidAtlantic Diagnostics for $15.5mm (DKK78.6mm). Shareholders will get $9mm in cash up front and deferred payments over a three-year-period of $6mm in cash and $500k in MediCult shares. Plus other deals this week...
Deal summary reprinted from Strategic Transactions - September 2008
MidAtlantic Diagnostics, a closely held company established in 1989, sells disposables and equipment to embryologists, andrologists, and other reproductive medicine specialists--the precise market MediCult serves. The company's 2008 sales revenues are expected to be about $13.5mm, with earnings of $2.5mm. Post-merger, MidAtlantic Diagnostics will become a wholly owned subsidiary of MediCult and continue to do business--with its current CEO in position--out of its NJ office.
Other deals this reported this week:
Acquisition
MediCult buys MidAtlantic Diagnostics for $15.5mm · September 2008
Alliance
- bioMerieux to develop new prostate cancer test with ProteoSys · September 2008
- Boston Scientific, OmniSonics work on OmniWave for stroke · September 2008
- DePuy Mitek gets additional rights to Anika's Orthovisc · September 2008
Financing
- Clinical Data brings in $25mm privately · September 2008
- Soft Tissue Regeneration closes $3.5mm Series A round · September 2008
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