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| Acquiring Party | Medical Action Industries Inc. (NASDAQ:MDCI), a supplier of medical and surgical disposable products |
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| Transferring Party | The Medical Products Division of Medegen Medical Products LLC, the leading manufacturer of plastic patient utensils consisting of wash basins, bed pans, urinals and emesis basins. |
| Sector | Medical Devices |
| Date | October 17, 2006 |
| Analysis 10th and biggest acquisition for MDCI. Diversifies its product offerings and adds customers (in alternate sites) outside its current channels of distribution (primarily acute care). Medegen's sales are - $100m. Deal price is $80m (.08x sales). The divestiture allows Medegen to focus on its infusion therapy and contract manufacturing businesses. | |
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 © 2004-2007 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. | |