ADVANCED MEDICAL TO BROADEN INFUSION OFFERINGS AND EXPAND INTERNATIONAL REACH WITH $400 MIL. IVAC BUY; LAYOFFS LIKELY UPON COMPLETION
This article was originally published in The Gray Sheet
Executive Summary
Advanced Medical's $400 mil. acquisition of Ivac Medical Systems aims to create an infusion therapy products company with sufficient product breadth to compete against larger firms for bundled provider contracts. The companies announced Aug. 26 an agreement under which Advanced Medical will acquire San Diego-based Ivac in a cash deal expected to become final during the first quarter of 1997.