Allegiance/Bauer Medical
This article was originally published in The Gray Sheet
Executive Summary
Allegiance Healthcare rounds out existing line of Tru-Cut and Jamshidi manual and fully automated biopsy devices via the March 26 purchase of privately held Bauer Medical, which markets the Temno family of semi-automated and fully automated biopsy systems, needles, bone and bone-marrow biopsy instruments. Clearwater, Florida-based Bauer has annual revenues of $5-10 mil. and is headed by founder Alberto Bauer, company President Tony Hanson, and Director of Marketing and Sales Dennis Feldman. Founded in 1989, Bauer has about 70 employees, of which six comprise the firm's direct sales organization. Allegiance currently has 15 direct sales reps responsible for its biopsy products line. Bauer's principal manufacturing facility is located in the Dominican Republic. Financial details of the all-cash transaction were not disclosed