CooperSurgical Acquires obp Surgical For $100M; Adds Single-Use Cordless Surgical Retractors And Suction Devices To Portfolio
Portfolio Pulse from Benzinga Newsdesk
CooperSurgical has acquired obp Surgical for $100 million, adding single-use cordless surgical retractors and suction devices to its portfolio. The products generated $14.5 million in trailing twelve-month revenue. The acquisition is expected to be neutral to Cooper's non-GAAP EPS in fiscal 2024 and accretive thereafter.
August 01, 2024 | 8:42 pm
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CooperSurgical has acquired obp Surgical for $100 million, adding new products to its portfolio. The acquisition is expected to be neutral to non-GAAP EPS in fiscal 2024 and accretive thereafter.
The acquisition adds new products to CooperSurgical's portfolio, which generated $14.5 million in revenue over the past twelve months. While the acquisition is expected to be neutral to non-GAAP EPS in fiscal 2024, it is anticipated to be accretive thereafter, indicating potential long-term benefits.
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