MedTech Dive July 23, 2024
Astorg intends to combine the Cook assets with Hamilton Thorne, another reproductive health business it plans to buy.
Dive Brief:
- Cook Medical has signed a letter of intent to sell its reproductive health business to the private equity firm Astorg, the medtech company said Monday. Financial terms of the deal were not disclosed.
- CooperCompanies previously tried to buy the business for $875 million, but scrapped the deal because of antitrust issues. Instead, Cooper only bought some of Cook’s obstetrics, doppler monitoring and gynecology surgery devices for $300 million.
- Astorg entered into a separate agreement to buy reproductive technology company Hamilton Thorne for about 388 million Canadian dollars ($282 million). The private equity group plans to combine Hamilton Thorne with...
Today's Sponsors
Today's Sponsor