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In Brief: St. Jude

This article was originally published in The Gray Sheet

Executive Summary

St. Jude: Divests its Medtel Asia-Pacific medical products distribution business to San Francisco-based distributor Getz Brothers under a $35 mil. agreement. St. Jude acquired the Medtel business from Pacific Dunlop in October 1996 for $20 mil. to facilitate its purchase of pacer firm Telectronics ("The Gray Sheet" Oct. 28, 1996, p. 3). The divestiture to Getz includes the Telectronics brand name and a five-year agreement for supply of Telectronics pacemakers to Medtel, as well as a five-year extension of an existing agreement with Getz for distribution in Australia of pacemakers made by St. Jude's Pacesetter business and St. Jude Medical heart valves. The transaction is anticipated to close in the third quarter...

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