Cooper (COO) Acquires Select Cook Medical Assets

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CooperCompanies Expands CooperSurgical’s Medical Device Portfolio with Acquisition of Select Cook Medical® Assets

November 1, 2023 4:15 PM EDT

SAN RAMON, Calif., Nov. 01, 2023 (GLOBE NEWSWIRE) --  CooperCompanies (Nasdaq: COO), today announced it has closed the acquisition of select Cook Medical assets focused primarily on the obstetrics, doppler monitoring, and gynecology surgery markets. The purchase price was $300 million with $200 million paid at closing and the remaining $100 million to be paid in two $50 million annual installments.  

This acquisition is a fantastic strategic fit for CooperSurgical, said Al White, President and CEO of CooperCompanies. The acquired products are highly synergistic with CooperSurgicals existing portfolio of medical devices and strengthen... More