Mallinckrodt/EQT
This article was originally published in The Gray Sheet
Executive Summary
Mallinckrodt sells its non-core HemoCue point-of-care blood testing equipment unit to EQT Scandanavia for undisclosed terms. Angleholm, Sweden-based HemoCue employs 200 and will generate sales of approximately $47 mil. in 1999. EQT plans to invest "considerably in R&D and geographic expansion" to strengthen HemoCue's position in the point-of-care testing market, EQT says