Ecolab grows healthcare business with OR Solutions buy
This article was originally published in Clinica
Executive Summary
Ecolab, an infection prevention specialist, is to expand its healthcare business by acquiring surgical fluid warming and cooling company OR Solutions for $260m. The deal grows Ecolab’s portfolio of products used to improve hygiene in healthcare settings with OR Solutions’ systems for maintaining the proper temperature of patient fluids during surgery. According to Ecolab, “numerous studies have shown that using warm fluids during surgery is effective in helping prevent infections”. Privately-held OR Solutions (Chantilly, Virginia) makes around $55m in annual sales, says Ecolab. St Paul, Minnesota-based Ecolab’s current healthcare offering includes instrument reprocessing technology, surgical equipment drapes and surgical room cleaning products. Ecolab, which also specialises in cleaning, sanitising and food safety, said it expects the transaction to be accretive to its 2011 earnings.
You may also be interested in...
Alere aided by professional diagnostics sales in fourth quarter
Alere’s professional diagnostics business helped the firm record overall revenue growth in the fourth quarter of 2010, offsetting a fall in influenza-based sales in North America.
Integra and Stout to work on expandable interbody device
Integra LifeSciences has gained exclusive worldwide rights from Stout Medical to develop and commercialise an expandable interbody fusion device.
Gen-Probe eyes portfolio expansion to help boost molecular diagnostics credentials
Gen-Probe recently launched its Panther automated molecular diagnostics system in Europe with the aim of bringing another dimension to its product portfolio. Joseph Harvey met the firm’s CEO, Carl Hull, at the launch of the product in Frankfurt to find how high the firm has set its sights in the molecular diagnostics sector and how it is going to achieve its goals