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AorTech to buy Becton Dickinson's critical care unit for $52 million

This article was originally published in Clinica

Executive Summary

UK company AorTech has entered into a non-binding letter of intent with Becton Dickinson to buy its critical care business for around $52 million. AorTech will pay half of the amount upfront, with funding coming mainly from debt finance and cash resources. The remainder, which will be subject to sales performance adjustments, will be paid over 30 months. Final negotiations between the two companies are ongoing.

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