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Horizon Medical buys Norfolk Medical for $9.3 million:

This article was originally published in Clinica

Executive Summary

Horizon Medical Products is to buy Norfolk Medical's vascular access business for $9.3 million in cash. Norfolk's most recent development is the Vortex technology which reduces the build-up of blood in port products. Horizon Medical is to release a new peripheral port to be implanted in the arm incorporating the Vortex technology. Horizon Medical will continue to manufacture the products at Norfolk's Skokie, Illinois factory until it can be transferred to its own plant in Manchester, Georgia. Norfolk Medical is one of two companies with a contract for port products with healthcare provider Columbia/HCA.

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