LMA

LMA: a major provider of supraglottic airway mgt devices, has finalised the acquisition of the assets of Wolfe Tory Medical Inc (WTM), a Utah-based manufacturer and distributor of medical devices. The purchase price is US$13.1m, plus additional deferred payments based on the 2012 trailing sales of 2 new innovative products (mucosal atomisation devices and intra-abdominal pressure monitoring devices ) that will be introduced in 2011…

LMA will take over the distribution of the pdts and sell them through its int’l distributor network of 100 countries. Deal expected to have neutral impact on earnings in the 1st yr, but to be earnings accretive from the 2nd yr. Net tangible assets being acquired is ~US$1.4m. The net profit attributable to WTM for 9M10 was ~US$1.3m.