Perrigo (PRGO) to Acquire CanAm Care in $36M Deal
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Perrigo Company (Nasdaq: PRGO) announced that it has signed a definitive agreement to acquire substantially all of the assets of CanAm Care, a privately-held, Alpharetta, Georgia-based distributor of diabetes care products for approximately $36 million in cash. The acquisition is expected to be immediately accretive to adjusted earnings per share.
The assets acquired from CanAm Care include: Dex4® hypoglycemia products (tabs, liquids and gels), insulin delivery syringes and pen needles, lancing, wound care, and compression stockings. These store brand products will compete in a U.S. diabetes healthcare market opportunity estimated at over $1.5 billion in annual sales.
The assets acquired from CanAm Care include: Dex4® hypoglycemia products (tabs, liquids and gels), insulin delivery syringes and pen needles, lancing, wound care, and compression stockings. These store brand products will compete in a U.S. diabetes healthcare market opportunity estimated at over $1.5 billion in annual sales.
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