TYCO'S $1.4 BIL. ACQUISITION OF KENDALL
This article was originally published in The Gray Sheet
Executive Summary
TYCO'S $1.4 BIL. ACQUISITION OF KENDALL will result in annual disposable medical product sales of over $730 mil. at the combined company. Under a definitive agreement announced July 14, Kendall, with $816 mil. in 1993 revenues, would be merged with Tyco's packing division to form a $1.2 bil. disposable medical and specialty products business segment. More than 80% (over $650 mil.) of Kendall's revenues come from disposable health care and related products; the product segment accounts for $80 mil. of Tyco's $400 mil. in packing division revenues.