This article was originally published in The Gray Sheet
Expansion of the firm's Japan presence via acquisition of respiratory home care and hospital product provider Fuji RC for $12 mil. in cash is announced May 31. The deal includes assumption of about $11 mil. in debt and provisions for additional payments based on operating performance over the next four years. The Japanese firm will add about $15-18 mil. to Respironics' annual revenues and be "modestly accretive" to earnings, adding about $0.01 per share in the second half of fiscal 2003, Respironics notes...
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