Medical Action Industries to sell Medegen, other assets of Patient Care business Medical Action Industries announced that it has signed a definitive agreement to sell its Medegen Medical Products subsidiary and certain other assets of its Patient Care business unit to Medira, an affiliate of Inteplast Group for approximately $75M, subject to certain purchase price adjustments. The transaction is expected to close upon receipt of the required regulatory approvals and the satisfaction of other closing conditions agreed to by the parties. The company anticipates completion of these regulatory approvals and closing conditions within three to four months.
Owens & Minor to acquire ArcRoyal, terms not disclosed Owens & Minor (OMI) announced that it signed a definitive agreement on September 19 to acquire ArcRoyal, a privately-held surgical kitting company based in Ireland. This transaction will expand Owens & Minorís capabilities in the assembly of kits, packs and trays in the European healthcare market and is highly complementary to the previously announced agreement to acquire Medical Action Industries (MDCI), a U.S.-based kitting company. The transaction is expected to close in Q4. Financial details of the transaction were not disclosed.