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LeMaitre Vascular deals Reddick surgical assets to Symmetry for $7m
LeMaitre Vascular (NSDQ:LMAT) said yesterday that it agreed to deal its Reddick general surgery assets to Symmetry Surgical for more than $7 million. The deal includes Burlington, Mass.-based LeMaitre’s Reddick cholangiogram catheter and Reddick-Saye screw for laparoscopic cholecystectomies and a two-year manufacturing transition pact. LeMaitre said the gen-surg product line it’s selling put up revenues of $3.3 million last year, delivering gross profits of $2.5 million. “We are pleased to divest these general surgical product lines and to rationalize our portfolio. Following this transaction, all of Le...
Source: Mass Device - April 6, 2018 Category: Medical Devices Authors: Brad Perriello Tags: Mergers & Acquisitions Surgical Wall Street Beat LeMaitre Vascular Inc. Symmetry Surgical Source Type: news