Your browser does not support JavaScript!

Author : admin | Monday, 6 May 2019

3M to Buy Medical Tech Company Acelity for $6.7 Billion

Author : admin | Monday, 6 May 2019

3M is buying medical technology company Acelity for $6.7 billion, this includes debt.

 

Acelity Inc., situated in The San Antonio, Texas, produces advanced wound care products and had $1.5 billion in revenue last year.

 

3M, which makes Post-it notes, industrial coatings and other consumer products, is coming off a rough earnings report last week that sent its stock down more than 13%. 3M's health care unit, which might absorb Acelity's products, was its only division that posted a growth in sales last quarter.

 

3M guessed the purchase, announced Thursday, will cost it about 35 cents on an earnings-per-share basis over 12 months. Excluding costs and one-time expenses, the company expects a 25 cents-per-share benefit over the same period.

 

The sale is expected to close in the second half of 2019.

 

This article is originally posted on manufacturing.net

3m medical technology acelity the san antonio
   

COMMENTS