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Cantel Medical Corporation (CMN)

  • Mon, Sep. 14, 10:05 AM
    • 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.
    | Mon, Sep. 14, 10:05 AM | 1 Comment
  • Wed, Apr. 8, 11:59 AM
    • As part of its effort to focus on its core opportunities, Cantel Medical (CMN +0.2%) divests its specialty packaging business, Saf-T-Pak, to Austell, GA-based Inmark, LLC for net after-tax proceeds of $7M.  The transaction will result in a fiscal Q3 accounting loss on the sale of ~$1.3M ($0.03 in GAAP EPS). The impact on non-GAAP earnings will be neutral.
    | Wed, Apr. 8, 11:59 AM | Comment!
  • Fri, Jan. 2, 9:40 AM
    • Cantel Medical (CMN +2.1%) acquires Ridgeland, MS-based Pure Water Solutions for $11.9M in cash. The company provides water purification and treatment services to commercial, laboratory and medical customers throughout the Southeastern U.S.
    • The transaction will be neutral to Cantel's fiscal 2015 earnings and accretive thereafter.
    | Fri, Jan. 2, 9:40 AM | Comment!
  • Jul. 1, 2014, 1:08 PM
    • Cantel Medical (CMN +3%) completes its acquisition of U.K.-based PuriCore International Ltd., a wholly-owned subsidiary of PuriCore plc. The business will be renamed Cantel Medical (U.K.) Ltd. and will be part of Cantel's Endoscopy segment.
    • The 120-employee firm provides automated endoscope reprocessing services and related equipment throughout the U.K.
    | Jul. 1, 2014, 1:08 PM | Comment!
Company Description
Cantel Medical Corp provides infection prevention and control products in the healthcare market. Its operating segments include Endoscopy, Water Purification and Filtration, Healthcare Disposables and Dialysis.