Healthcare Industry News: S.A.
News Release - December 3, 2007
Integra LifeSciences Announces Acquisition of Dental Businesses
PLAINSBORO, N.J., Dec. 3, 2007 (Healthcare Sales & Marketing Network) -- Integra LifeSciences Holdings Corporation (NaS.A.GS:IART ) announced today that it haS.A.quired the Precise Dental family of companies for approximately $10 million in cash, subject to certain adjustments.The Precise Dental family of companies is comprised of Precise Dental Products, Ltd., Precision Dental International, Inc., Precise Dental Holding Corp. and Precise Dental Internacional, S.A. de C.V., a Mexican corporation. The companies develop, manufacture, procure, market and sell endodontic materialS.A.d dental accessories, including the manufacture of absorbable paper points, gutta percha and dental mirrors. Together these companies have procurement and distribution operations in Canoga Park, California and manufacturing operationS.A. multiple locations in Mexico.
Integra's wholly-owned subsidiary, Miltex, Inc., will integrate the acquired Canoga Park procurement and distribution functions into its York, Pennsylvania dental operationS.A.d will manage the manufacturing operations in Mexico.
``We are excited about the opportunities for our newly expanded dental business,'' said Robert Perrett, President of the Integra Medical Instrument Group selling organization. ``We see the potential for considerable synergies from the combination of these manufacturing, procurement, and distribution businesses with the Miltex dental business.''
Integra LifeSciences Holdings Corporation, a world leader in regenerative medicine, is dedicated to improving the quality of life for patients through the development, manufacturing, and marketing of cost-effective surgical implantS.A.d medical instruments. Our productS.A.e used primarily in neurosurgery, extremity reconstruction, orthopedicS.A.d general surgery to treat millions of patients every year. Integra's headquarterS.A.e in Plainsboro, New Jersey, and we have reS.A.ch and manufacturing facilities throughout the world. Please visit our website at (http://www.Integra-LS.com).
This news release contains forward-looking S.A.ements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking S.A.ements include, but are not limited to, S.A.ements concerning expectations for the strategic benefits that thiS.A.quisition will provide to Integra. Such forward-looking S.A.ements involve riskS.A.d uncertainties that could cause actual results to differ materially from predicted or expected results. Among other things, Integra'S.A.ility to successfully integrate the Precise Dental business into its own operations could affect the extent of the strategic benefits that Integra generates from thiS.A.quisition. In addition, the economic, competitive, governmental, technological and other factors identified under the heading ``Risk Factors'' included in Item 1A of Integra'S.A.nual Report on Form 10-K for the year ended December 31, 2006 and information contained in subsequent filings with the SecuritieS.A.d Exchange Commission could affect actual results.
Source: Integra LifeSciences
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