Utah Medical Products IncUTMD
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Femcare unit acquires Orion Medical Supplies for £3.6M, expected to add ~$6M annual sales and benefit margins.
Impact on stocks 1
Health Care
Utah Medical Products IncUtah 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.
Utah Medical Products IncFemcare unit acquires Orion Medical Supplies for £3.6M, expected to add ~$6M annual sales and benefit margins.