HealthTronics closes AMPI buy:
This article was originally published in Clinica
Executive Summary
In a bid to diversify its urology product line, HealthTronics has bought urological cryosurgery specialist Advanced Medical Partners (AMPI) for an undisclosed fee. The deal saw HealthTronics pay a cash-and-stock mix to AMPI at the closing - AMPI will also receive performance-related earn-out payments. AMPI recorded revenues of over $24m in 2007. According to Austin, Texas-based HealthTronics, this acquisition will make it the largest provider of shock wave lithotripsy and cryosurgery services in the US. HealthTronics said it expects AMPI to provide top- and bottom- line synergies, thus enabling cost savings. In conjunction with the acquisition, HealthTronics also announced 2008 revenue guidance of $160-162m, and an operating profit target of $20-21m.