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Femcare acquires Orion Medical for £3.6M
Utah Medical Products announced that its Femcare unit has acquired all ordinary shares of U.K.-based Orion Medical Supplies for £3.6 million in cash. The deal is expected to add approximately $6 million to annual sales, with potential for further geographic expansion. The acquisition is expected to benefit margins by leveraging Femcare's existing infrastructure, and the company plans to integrate Orion's operations into Femcare's existing Romsey facilities. Shares rose 1.35% following the announcement.