Allied Healthcare Products
This article was originally published in The Gray Sheet
Executive Summary
Signs a letter of intent to acquire Toledo, Ohio-based B&F Medical Products, Inc. B&F manufactures plastic disposable medical products including tubing, masks, aspirators, ventilators, and oxygen concentrators and sells primarily to the home health market, Allied says. The company posted sales of $23 mil. and earnings of $2.5 mil. for the fiscal year ended April 30, 1994. St. Louis-based Allied, which manufactures and markets medical gas equipment and respiratory therapy products, plans to expand the sale of B&F's products in the hospital and international markets. Allied had sales of $53.4 mil. and net income of $5.1 mil. for the nine months ending March 31, 1994
You may also be interested in...
Japan Grants Global-First Approval To Zolbetuximab, 15 Other New Drugs
Astellas's first-in class CLDN18.2-targeting antibody receives its first approval worldwide, while crovalimab and a number of drugs for rare diseases also receive nods from regulators and are now awaiting reimbursement price-listing.
Hanmi-OCI Merger Hits Wall As Brothers Win Shareholder Vote, Board Seats
The planned merger of Korea's Hanmi Pharm Group with OCI Group hits a major speed bump as the two sons of Hanmi's founder and other candidates recommended by them secture board seats. But it remains to be seen how the Lim brothers will fulfil their ambitious promises.
Beauty Firms Using AI-Based Tools Could Be Subject To Health Privacy Laws In US States
Using AI-based programs to collect and store consumer information risks running afoul of new health privacy laws cropping up in US states. Lack of federal regulation or guidance on the issue is one of the biggest challenges for beauty firms deploying AI, according to Stacy Marcus, partner at Reed Smith LLP.