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Edwards acquires Baxter JV

This article was originally published in The Gray Sheet

Executive Summary

Japanese cardiovascular business purchase for $22 mil. will contribute to the firm's growing global presence, Edwards says Oct. 1. The purchase price excludes $30 mil. in receivable securitized accounts. The business unit, operating as a joint venture with Baxter International, generated sales of $170 mil. in 2001. Edwards Lifesciences will record approximately $3 mil. in one-time expenses from the acquisition in the third quarter...
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