CooperCompanies (Nasdaq: COO), announces it has closed the acquisition of select Cook Medical assets focused primarily on the obstetrics, doppler monitoring, and gynecology surgery markets. The purchase price was $300 million with $200 million paid at closing and the remaining $100 million to be paid in two $50 million annual installments. The assets being acquired are primarily minimally invasive medical devices including the Bakri® Postpartum Balloon, Cook’s Cervical Ripening Balloon, the Doppler Blood Flow Monitor portfolio, and select surgical products. The acquired assets generated approximately $56 million in trailing twelve-months revenue as of September 30, 2023.
Read the full article: CooperCompanies Expands CooperSurgical’s Medical Device Portfolio with Acquisition of Select Cook Medical® Assets //
Source: https://www.globenewswire.com/news-release/2023/11/01/2771747/2200/en/CooperCompanies-Expands-CooperSurgical-s-Medical-Device-Portfolio-with-Acquisition-of-Select-Cook-Medical-Assets.html