Graseby's medical sales boosted by purchase
This article was originally published in Clinica
Helped by an acquisition, medical sales of UK company Graseby increased 51% to £31 million ($47 million). The medical revenues include five months of operations of the 3M infusion therapy business which Graseby acquired for £10 million in cash last year. Even without the 3M business, Graseby's medical revenues would have grown 11% in 1996.