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Integra LifeSciences

This article was originally published in The Gray Sheet

Executive Summary

Firm's NeuroCare division expands product line and sales reps with $6.8 mil. acquisition of neurosurgical product manufacturer Clinical Neuro Systems Jan. 18. The Exton, Pennsylvania firm designs, manufactures and sells neurosurgical external ventricular drainage systems including catheters and drainage bags, as well as cranial access kits. The deal, which involves $4 mil. in cash and a $2.8 mil. secured promissory note, expands NeuroCare's U.S. direct reps to 40 and gives the unit access to CNS's 60 international distributors. Integra entered the neurosurgery market via the April 1999 acquisition of NeuroCare for $25 mil. (1"The Gray Sheet" April 5, 1999, p. 18)
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Integra LifeSciences Entering Neurosurgery Market Via NeuroCare Buy
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