Angiotech closes AMI acquisition
This article was originally published in The Gray Sheet
Executive Summary
The specialty pharmaceutical company announces March 23 the close of its acquisition of American Medical Instruments for $785 mil. When the acquisition was first announced Feb. 1, Angiotech highlighted opportunities to apply its medical coatings to a variety of AMI products, including ophthalmic blades and biopsy needles (1"The Gray Sheet" Feb. 20, 2006, p. 14). With the acquisition, Angiotech also gains control of AMI's established manufacturing and sales operations...