ConvaTec Group PLC Acquisition (6893M)
18 Settembre 2019 - 08:01AM
UK Regulatory
TIDMCTEC
RNS Number : 6893M
ConvaTec Group PLC
18 September 2019
Acquisition of Southlake Medical Supplies
18 September 2019 (LSE: CTEC)
ConvaTec Group Plc ("ConvaTec"), a leading global medical
products and technologies company, today announces it has signed an
agreement to purchase the assets of Southlake Medical Supplies,
Inc. ("Southlake"), a Texas-based independent provider of
catheter-related supplies. For the year ended 31 December 2018
Southlake delivered revenues of approximately $5.0 million.
The acquisition is expected to close on 30 September, subject to
the usual formalities.
Rick Anderson, Executive Chairman of ConvaTec, said: "The
addition of Southlake to our Home Distribution Group will further
strengthen our presence in an important U.S. market. We look
forward to bringing our distinctive service and personal support to
even more customers, as the leading supplier of urinary catheters
in the US."
Enquiries:
John Crosse, VP Investor Relations +44 (0)7500 141435
Mark Reynolds, Director Investor
Relations
investorrelations@convatec.com +44 (0)7551 036625
Finsbury +44 (0)207 2513801
About ConvaTec
ConvaTec is a global medical products and technologies company
focused on therapies for the management of chronic conditions, with
leading market positions in advanced wound care, ostomy care,
continence and critical care, and infusion devices. ConvaTec's
products provide a range of clinical and economic benefits
including infection prevention, protection of at-risk skin,
improved patient outcomes and reduced total cost of care. To learn
more about ConvaTec, please visit www.convatecgroup.com where a
copy of this announcement can also be found.
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END
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