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Bard takes out DME distributor for $181M

Nov. 20, 2015 7:49 AM ETC. R. Bard, Inc. (BCR) StockBCR, LBMHBy: Douglas W. House, SA News Editor
  • With the aim of enhancing its presence in the home care market, C.R. Bard (NYSE:BCR) acquires Liberator Medical Holdings (NYSEMKT:LBMH), a direct-to-consumer distributor of Durable Medical Equipment (DME), for $3.35 per share (~$181M).
  • Liberator sells general medical supplies including urological catheters, ostomy products, mastectomy fashions, diabetic supplies and a modest amount of Bard's products.
  • The transaction, which will add ~$70M to Bard's top line and be slightly accretive to non-GAAP EPS in 2016, should close in Q1. Starting in 2017, the acquisition will add between five and ten cents to non-GAAP cash EPS.
  • LBMH is up 25% premarket.

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