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AngioDynamics moves into device industry's top 150 with Rita Medical buy

This article was originally published in Clinica

Executive Summary

Vascular disease device maker AngioDynamics has offered $220m, plus assumption of debt, to buy tumour ablation products developer Rita Medical Systems, creating a device company with sales of $132m. These pro forma 2006 sales would lift the combined unit into the top 150 device makers worldwide*.

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