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Byrne buy bolsters Cantel's endoscopy offering

This article was originally published in Clinica

Executive Summary

Cantel Medical has expanded its presence in the gastrointestinal endoscopy segment by purchasing Byrne Medical for $100m, making it the company's largest ever acquisition. The price comprises $90m in cash and around 400,000 Cantel shares, valued at $10m in total. Cantel will also make another milestone payment of $10m if certain profit targets are met.

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