- Cantel Medical (CMN +1.5%) acquires Medical Innovations Group Holdings Limited for $79.5M in cash. The Essex, UK-based medical devices firm markets endoscopic storage and transport systems. In the 12-month period ending June 30, its posted $28.1 in revenues and EBITDA of $7.6M.
- Cantel says the transaction will be accretive to non-GAAP EPS in FY16 (ending July 31, 2016) and accretive to GAAP EPS in FY17 and beyond.