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Smiths Industries purchases US blood-warming company

This article was originally published in Clinica

Executive Summary

Smiths Industries, the UK-based aerospace and medical systems group, is set to acquire Level 1 Technologies for $60 million in cash. Level 1 is a privately-owned player in the US anaesthesia and critical care market specialising in systems which warm fluids or blood to body temperature during surgery. The acquisition is Smiths' first significant one since its $150 million purchase of Deltec in June 1994.

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