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In Brief: Tecnol buys Sparta's wound care business

This article was originally published in The Gray Sheet

Executive Summary

Tecnol buys Sparta's wound care business: Pleasanton, California-based Sparta Surgical sells wound care product line and related Hammonton, New Jersey-based operations to Tecnol Medical Products for approximately $5.7 mil., gaining approximately $5 mil. in cash and a promissory note worth the value of the balance. Sparta's portfolio of wound care products accounted for 52% of FY 1995 (ended Feb. 28) revenues (approximately $3.7 mil.). Sparta says in a Dec. 11 press release that the sale allows it to "concentrate on more profitable product lines, such as microsurgical instruments, critical care disposables, oral maxillofacial plating systems and electrotherapy products"...



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