Navigation Links
Cantel Medical Acquires Byrne Medical, Inc., Substantially Increasing Its Presence in GI Endoscopy
Date:8/2/2011

LITTLE FALLS, N.J., Aug. 2, 2011 /PRNewswire/ -- CANTEL MEDICAL CORP. (NYSE: CMN), through its Minntech subsidiary, has acquired the business and substantially all of the assets of Byrne Medical, Inc.  Byrne Medical, privately-owned and based outside Houston, TX, designs, manufactures and sells an innovative array of disposable infection control products intended to replace the necessity of sterilizing and reusing numerous components used in gastrointestinal (GI) endoscopy procedures.  

For the twelve months ended June 30, 2011, Byrne Medical generated revenues of approximately $38.6 million and pre-tax income of $8.6 million.  After adjusting for the shareholders' compensation and other non-recurring expenses, the pre-tax income would be approximately $11.5 million for the twelve-month period.  Capitalizing on Byrne Medical's 20%+ historic growth profile, Cantel expects an increase in overall corporate gross margins and anticipates the acquisition to be accretive in Cantel's first fiscal year ending July 31, 2012 (inclusive of the expenses resulting from purchase accounting, financing, and deal-related costs).  

The purchase price was $100.0 million, comprised of $90.0 million in cash and 401,123 shares of restricted Cantel stock (valued at $10.0 million) that is subject to a multi-year lock-up and three-year price floor.  In addition, there is a contingent earnout of up to $10 million payable over two years based on gross profit growth targets of the acquired business.  Cantel will also be purchasing certain land and buildings utilized by the Byrne Medical business for $5.9 million so as to further develop a world-class, disposables manufacturing operation in Houston.  The founder and principal owner, Don Byrne, has entered into a three-year employment agreement and separate non-compete agreement.

In purchasing Byrne Medi
'/>"/>

SOURCE Cantel Medical Corp.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine technology :

1. Cantel Medical Corp.s Crosstex Subsidiary Addresses School MRSA Concerns With SaniTyze(TM) Brand Hand Sanitizer and Sanitex(R) Surface Disinfecting Line of Products
2. Cantel Medical Corp. To Hold Conference Call To Discuss Fourth Quarter and Fiscal 2009 Results
3. Cantel Medicals Crosstex Subsidiary Launches New Specially Treated Face Mask Effective Against H1N1 Influenza
4. Cantel Medical Named to the Forbes 2009 List of the 200 Best Small Companies in America
5. Cantel Medical Corp. to Present at the Sidoti Emerging Growth Research Institutional Investor Forum
6. Cantel Medical Authorizes Semiannual Dividend
7. Cantel Medical Corp. to Hold Conference Call to Discuss Results for its First Quarter Ended October 31, 2009
8. Cantel Medical Reports 85% Increase in Net Income - EPS of $0.37 vs. $0.20 - for Quarter Ended October 31, 2009 on 10% Sales Increase
9. Cantel Medical Corp. To Hold Conference Call To Discuss Results For Its Second Quarter Ended January 31, 2010
10. Cantel Medical Reports 29% Increase in Net Income - EPS of $0.29 vs. $0.23 for Quarter Ended January 31, 2010
11. Cantel Medical Corp. to Present at the Jefferies 2010 Global Life Sciences Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/24/2015)... -- Lannett Company, Inc. (NYSE: LCI ) today announced ... credit facility to $120 million from $50 million.  The ... the company to increase borrowings by a total of ... additional commitments from existing lenders or new lending institutions.  ... 18, 2018.   "The amended credit facility, ...
(Date:4/24/2015)... , April 24, 2015 Hospira, Inc. ... the development of biosimilar therapies, spoke about the importance ... the European Generics Association (EGA) annual European Biosimilars Group ... The company also announced the publication of a pivotal ... achieving the full promise of biosimilars." ...
(Date:4/24/2015)... CAMBRIDGE, Mass. , April 24, 2015 /PRNewswire/ ... that BLU-554, a selective and potent inhibitor of ... anti-tumor activity in models of hepatocellular carcinoma (HCC) ... targeted therapeutic candidate, BLU-554 induced complete tumor regression ... of an FGFR4-activating ligand at the highest dose ...
Breaking Medicine Technology:Lannett Expands Revolving Credit Facility To $120 Million 2Hospira Leadership Presents at Preeminent European Biosimilars Forum, Announces New White Paper on Extrapolation 2Hospira Leadership Presents at Preeminent European Biosimilars Forum, Announces New White Paper on Extrapolation 3Hospira Leadership Presents at Preeminent European Biosimilars Forum, Announces New White Paper on Extrapolation 4Hospira Leadership Presents at Preeminent European Biosimilars Forum, Announces New White Paper on Extrapolation 5Hospira Leadership Presents at Preeminent European Biosimilars Forum, Announces New White Paper on Extrapolation 6Hospira Leadership Presents at Preeminent European Biosimilars Forum, Announces New White Paper on Extrapolation 7Blueprint Medicines Presents New Preclinical Data Demonstrating Its Drug Candidate BLU-554 Induces Significant Tumor Regression in Models of Hepatocellular Carcinoma 2Blueprint Medicines Presents New Preclinical Data Demonstrating Its Drug Candidate BLU-554 Induces Significant Tumor Regression in Models of Hepatocellular Carcinoma 3
... Orexigen® Therapeutics, Inc. (Nasdaq: OREX ) announced ... Finance, CFO and treasurer. Mr. Cooper, who has been with ... Company for personal reasons.  He has been commuting from the ... 2006.  Mr. Cooper will remain in his current role at ...
... 2011 Sevocity, a division of Conceptual MindWorks, Inc. ... compliant and was certified as a Complete EHR on ... Information Technology (CCHIT®), an ONC-ATCB, in accordance with the ... of Health and Human Services. The 2011/2012 criteria support ...
Cached Medicine Technology:Orexigen® Therapeutics, Inc. Announces Upcoming Departure of Chief Financial Officer 2Orexigen® Therapeutics, Inc. Announces Upcoming Departure of Chief Financial Officer 3Sevocity, a Division of Conceptual MindWorks, Inc's Sevocity Receives ONC-ATCB 2011/2012 Certification 2Sevocity, a Division of Conceptual MindWorks, Inc's Sevocity Receives ONC-ATCB 2011/2012 Certification 3
(Date:4/24/2015)... ON (PRWEB) April 24, 2015 ... safe, informed and legal access to medical cannabis, is ... are properly supported when advising patients. , NAC is ... Certificate Program. With a $250,000 grant, NAC will be ... program. , "Our goal is to help Canadians gain ...
(Date:4/24/2015)... 24, 2015 “ Opera ” was featured ... features the latest and coolest technology products available to consumers. ... conducted the review and shared with viewers how this is ... browsers, surfing the internet would not be in existence. But ... the Opera browser is no different. Celebrating their 20th anniversary ...
(Date:4/24/2015)... Telematics Berlin is the foremost Automotive Data ... 2 suppliers, content providers, associations and government bodies. From ... chain, see them converge in Berlin. This year’s start-up ... those companies currently at the forefront of Europe’s Silicon ... customer centric products, ParkTAG are one of the first ...
(Date:4/24/2015)... Qualis Health, one of the ... a new resource for practicing physicians, “2013 QRUR ... Quality and Resource Use Reports (QRUR) supplements resources ... (CMS) to help practices interpret their Medicare reports ... identify care coordination opportunities to provide broader support ...
(Date:4/24/2015)... York (PRWEB) April 24, 2015 PURE ... with Allergy and Asthma Network (The Network), a highly ... Solutions will provide news, tips and information for a ... Network’s newly redesigned website. , The goal for both ... about the travel needs of people with asthma and ...
Breaking Medicine News(10 mins):Health News:National Access Cannabis Gives 300 Canadian Healthcare Professionals Access to Medical Cannabis Certificate Program 2Health News:A Web Browser That Connects over 350 Million People was Featured on NewsWatch Television 2Health News:Telematics Berlin 2015’s inaugural European Automotive Start-Up Competition 2Health News:Telematics Berlin 2015’s inaugural European Automotive Start-Up Competition 3Health News:Qualis Health Publishes Guide to Help Physician Practices Assess and Improve Quality 2Health News:PURE Solutions Partners with Allergy and Asthma Network to Provide Allergy Travel Tips 2
... has been selected as one of 10 centers in the ... major new initiative to facilitate the discovery and development of ... Chemical Diversity Centers, Vanderbilt,s role in the consortium will be ... , "This is a real tribute to our growth in ...
... of Pittsburgh School of Medicine have shown that proteins have ... for their biological activity. This shape-changing also allows the small ... the structure that permits the best binding. That premise could ... have the most impact on protein function to better treat ...
... , White paper outlines how to maintain quality ... PLYMOUTH MEETING, Pa., Aug. 19 Physician preference items (PPIs), ... as pricey orthopedic implants and cardiovascular devices, are estimated at 60% ... and margins from both operations and pooled investments declining, many hospital ...
... , , ST. LOUIS, Aug. ... the Mission" on Aug. 15 to raise funds for the company,s ... Approximately 2,400 Reliv independent distributors from 10 countries participated ... place here from Aug. 13-15. , , ...
... 19 N2Care founder Kenneth Dupin presents the MEDcottage to the ... Sheraton Hotel Conference Theater at 2801 Hershberger Rd. in Roanoke, VA ... Kenneth Dupin is throwing down a bedpan gauntlet at the steps ... baby boomers are not going to nursing homes, not ever! On ...
... , SAN RAMON, Calif., Aug. 19 Celebrating ... Hearing Community, Purple Communications((TM)), Inc. (Nasdaq: PRPL ) will ... advocate for American Sign Language (ASL). , , ... 22, 2009 at the San Ramon Marriott, 2600 Bishop Drive in ...
Cached Medicine News:Health News:Vanderbilt joins national consortium to develop new cancer therapies 2Health News:Vanderbilt joins national consortium to develop new cancer therapies 3Health News:Pitt scientists find intrinsic changes in protein shape influence drug binding 2Health News:Wasting Millions on Purchases Based on Physician Preference White Paper Now Available From ECRI Institute 2Health News:Wasting Millions on Purchases Based on Physician Preference White Paper Now Available From ECRI Institute 3Health News:Reliv 'Walk for the Mission' Raises Approximately $47,000 for Malnourished People 2Health News:N2Care Unveils Backyard Smart MEDcottage 2Health News:Purple Communications Invites Greater San Ramon Community to Celebrate Ms. Ella Mae Lentz, Finalist in 'Dream Bigger' Initiative 2Health News:Purple Communications Invites Greater San Ramon Community to Celebrate Ms. Ella Mae Lentz, Finalist in 'Dream Bigger' Initiative 3Health News:Purple Communications Invites Greater San Ramon Community to Celebrate Ms. Ella Mae Lentz, Finalist in 'Dream Bigger' Initiative 4Health News:Purple Communications Invites Greater San Ramon Community to Celebrate Ms. Ella Mae Lentz, Finalist in 'Dream Bigger' Initiative 5
Radianse indoor positioning supports healthcare asset management with a way to locate medical equipment, devices and other portable assets....
Agility has delivered a RFID-enabled mobile asset management program....
Agility can provide tracking and management of surgical instruments, instrument trays and case carts to significantly enhance the current central sterile department flow by improving efficiency....
Assetrac allows identification, location, and protection of your assets....
Medicine Products: