Conmed to acquire New Dimension in Medicine (NDM):
This article was originally published in Clinica
New Dimensions in Medicine (NDM) has terminated negotiations for the sale of its business to Tyco in favour of Conmed. Under the agreement, Conmed will acquire NDM's ECG monitoring electrodes, electrosurgical products and hydrogel wound dressings (except the international wound care business which is being sold separately) for $32 million. The deal is expected to be completed late this year or early in 1996. Conmed will add $28 million to its product revenues through the acquisition.