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Encore sells consumer line

This article was originally published in The Gray Sheet

Executive Summary

Austin, Texas-based firm plans to strengthen its surgical implant and orthopedic rehabilitation businesses with proceeds generated from the divestiture of its consumer products line. Encore Medical announced June 9 an agreement to sell its Slendertone electrical stimulation muscle toning product line to original Irish developer Bio-Medical Research Limited for $6.8 mil. Encore obtained the U.S. distribution rights to Slendertone when it acquired Compex Technologies in February (1"The Gray Sheet" March 6, 2006, p. 11). Bio-Medical Research Limited already manufacturers, distributes and owns all intellectual property rights to the product line...
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