Conmed (CNMD) Announces Acquisition of SurgiQuest; Leerink Partners Reiterates Outperform
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CONMED Announces Definitive Agreement to Acquire SurgiQuest, Inc.
November 16, 2015 7:00 AM ESTSignificantly bolsters CONMEDs Advanced Surgical portfolio CONMED to host conference call today at 8:00 a.m. ET
UTICA, N.Y.--(BUSINESS WIRE)-- CONMED Corporation (NASDAQ: CNMD) today announced a definitive agreement to acquire privately-held SurgiQuest, Inc. (SurgiQuest) for $265 million on a cash-free, debt-free basis. The transaction will be financed through a combination of cash and borrowings under a new credit facility. The transaction is subject to customary closing conditions, including receipt of U.S. regulatory approval, and is expected to close in the... More
