Respironics
This article was originally published in The Gray Sheet
Executive Summary
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...