Dynamic Healthcare M&A Database

Acquiring Party	Moog Inc., a manufacturer of precision control components and systems for military and commercial aircraft, satellites and space vehicles, industry machinery, and medical equipment.
Transferring Party	Curlin Medical LLC, a manufacturer of "smart" ambulatory infusion pumps for pain management and other applications.
Sector	Medical Devices
Date	April 11, 2006
Analysis Moog's expertise in the electronic control of fluid-flow metering devices combined with Curlin's reputation in the medical market is expected to facilitate the continued growth of Moog's medical equipment sales. Deal value $75m ($63m in cash). Curlin's 2005 sales were $16m (4.7x) and its operating profits were $5.4m (13.9x). '06 sales are running at almost double the rate of '05. The Walden Group was retained by Moog, identified Curlin on Moog's behalf, and initiated this Deal.
The Walden Group is a leading healthcare investment banking firm specializing in mergers, acquisitions and strategic transactions. It also invests its own funds and, together with its expert operational partners, provides value-added services to help special companies reach critical milestones. This information is copyright © 2004-2010 The Walden Group, Inc. This information is provided as a service to the public but remains the intellectual property of The Walden Group, Inc and may not be reproduced in any manner without the written permission of The Walden Group, Inc. The information contained in the transactions table was derived from publicly available and other sources. Transaction analysis and other information are based, in part, upon public comments, Walden Group research and judgments, and reporting and research of others. The information is not intended to be relied upon as pronouncements by the transaction participants or for any other reason.

Dynamic Healthcare M&A Database - 2Q06