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Becton Dickinson (BDX), Apax Partners Close Global Respiratory Business Joint Venture

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BD and Apax Partners Announce Closing of Joint Venture to Launch Global Respiratory Business

October 4, 2016 7:08 AM EDT

FRANKLIN LAKES, N.J., LONDON, and CHICAGO, Oct. 4, 2016 /PRNewswire/ -- BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, and Apax Partners, today announced the launch of a joint venture Vyaire Medical a standalone, global respiratory solutions company. The closing finalizes the sale of 50.1 percent interest in BD's Respiratory Solutions business to funds advised by Apax Partners, a leading global private equity firm. Vyaire Medical includes all business lines within BD's Respiratory Solutions business, including Ventilation, Respiratory Diagnostics, Vital Signs and AirLife, and will have estimated... More