Navigation Links
BB&T Advises Dr. Comfort on Its Sale to DJO Global in Transaction Valued at $254.6 Million
Date:4/18/2011

RICHMOND, Va., April 18, 2011 /PRNewswire/ -- BB&T Capital Markets served as the exclusive financial advisor to Rikco International LLC, d/b/a Dr. Comfort, the leading developer, manufacturer and marketer of therapeutic footwear and related medical and comfort products, in its sale to DJO Global, an international provider of medical device solutions for musculoskeletal health, vascular health and pain management based in Vista, Calif. Dr. Comfort generated net sales of $71.8 million in 2010, reflecting growth of 22.5 percent over net sales of $58.6 million for the year ended Dec. 31, 2009.  

The deal, which closed on Apr. 7, was valued at $254.6 million.  

The transaction represented a collaborative effort between BB&T Capital Markets' Healthcare and Consumer Investment Banking groups and was led by Michael Weber (Healthcare).

BB&T Capital Markets

BB&T Capital Markets, a division of Scott & Stringfellow, LLC, a wholly-owned non-bank subsidiary of BB&T Corporation, provides a full-spectrum of investment banking and corporate banking services including M&A advisory, equity underwriting, equity sales and trading, debt capital markets, fixed income sales and trading, equity and fixed income research, corporate banking and syndicated financing. More information about BB&T Capital Markets and its full line of products and services is available at http://www.bbtcapitalmarkets.com.

About BB&T

BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with more than $157.1 billion in assets and market capitalization of $18.3 billion, as of Dec. 31, 2010. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.BBT.com.

This news release is neither an offer to sell nor a solicitation of an offer to buy any securities.  


'/>"/>
SOURCE BB&T Corporation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. E. J. McKay Advises BMP Sunstone on Its USD520.6 million Sale to Sanofi- aventis
2. Glass Lewis Advises Taro Shareholders to Hold Taros Board Accountable for Its Failures
3. Clifford Chance Advises Pfizer on Conditional Clearance in China of Its Merger with Wyeth
4. Torrance Dentist, Dr. Robert Mondavi, Now Uses Digital X-Rays for Comfort and Safety of the Patients
5. DJO Global to Acquire Leading Therapeutic Footwear Provider, Dr. Comfort
6. Cherokee Inspired Comfort Award Calls for Healthcare Professional Nominations
7. Comfort Medical Supply, LLC Ranks No. 461 on the 2010 Inc. 500 with Three-Year Sales Growth of 649%
8. VISINE® Brings Fast, Lasting Comfort to Tired, Overworked Eyes
9. Smart Sense(TM) From RF Technologies Upgrades Safe Place(R) Bracelets Using Industry-Leading Infant Security Technology, Fit and Comfort
10. Safe Life Ramps Production Capacity of Comfortable, Breathable N95 Respirator Amid Worldwide Shortage
11. New Cubital Tunnel Splint Specially Designed for Comfort and Less Cumbersome Fit
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/12/2017)... 12, 2017 West Pharmaceutical Services, Inc. ... for injectable drug administration, today announced that it will ... on Thursday, October 26, 2017, and will follow with ... expectations at 9:00 a.m. Eastern Time. To participate on ... The conference ID is 94093362. ...
(Date:10/10/2017)... received FDA 510(k) clearance in May 2017 for its highly anticipated ... for endoscopy environments. An innovative secondary monitor solution, ZeroWire Mobile ... the improvement of patient outcomes, procedural efficiency, and the lowering of ... ... By ...
(Date:10/4/2017)... to the Centers for Disease Control and Prevention (CDC), influenza vaccination ... is helping communities across Massachusetts , Connecticut ... flu shots through the end of the month. *Some exclusions ... ... shot is by the end of October, according to the Centers for ...
Breaking Medicine Technology:
(Date:10/13/2017)... ... October 13, 2017 , ... ... Software Development, has been awarded a contract by the Center for Medicare and ... aims to accelerate the enterprise use of Agile methodologies in a consistent and ...
(Date:10/12/2017)... ... October 12, 2017 , ... CitiDent and San Francisco dentists, ... cutting-edge Oventus O2Vent technology. As many as 18 million Americans are estimated to ... breathing. Oral appliances can offer significant relief to about 75 percent of people ...
(Date:10/12/2017)... ... October 12, 2017 , ... The American College of ... Carol Friedman, PhD, FACMI, during the Opening Session of AMIA’s Annual Symposium in Washington, ... In honor of Morris F. Collen, a pioneer in the field of medical informatics, ...
(Date:10/12/2017)... ... October 12, 2017 , ... HMP , a leader in ... 2017 Folio Magazine Eddie Digital Award for ‘Best B-to-B Healthcare Website.’ Winners were announced ... 2017. , The annual award competition recognizes editorial and design excellence across a range ...
(Date:10/12/2017)... ... ... Health Literacy Innovations (HLI), creator of the Health Literacy ... Patient Education Network (CPEN), an independent professional organization that shares best practices in ... , As CPEN’s strategic partner, HLI will help support CPEN members by sharing ...
Breaking Medicine News(10 mins):