ConvaTec enters definitive agreement to acquire 180 Medical

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Sep 1 2012

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ConvaTec, a world-leading developer and marketer of innovative medical technologies for community and hospital care, announced today it has entered into a definitive agreement to acquire all of the capital stock of 180 Medical Holdings, Inc. ("180 Medical") for $321 million. 180 Medical is a leading U.S. provider of disposable, intermittent catheters and urologic medical supplies.

The transaction is being funded primarily through incremental term debt under ConvaTec's credit agreement. The transaction is subject to regulatory approval and customary closing conditions, and is expected to close late third quarter 2012.

SOURCE ConvaTec

Posted in: Business / Finance

Tags: Catheters, Hospital, Incontinence, Multiple Sclerosis, Spina Bifida, Urinary Incontinence

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