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Healthcare Industry: Cantel Buys Water Business From Gambro

October 8, 2010 (FinancialWire) — Cantel Medical Corp. (NYSE: CMN), through its Mar Cor Purification subsidiary, has continued the expansion of its water purification and filtration segment by acquiring the exclusive rights in the United States to manufacture and sell Gambro's water treatment products used in the production of water for hemodialysis.

According to Cantel, the total consideration for the transaction with Gambro was $23.75 million and the licensed business had pre-acquisition revenues of approximately $14 million.

The company said it expects that the transaction will be slightly accretive to Cantel's earnings per share in the first full year.  

Mar Cor will immediately begin sales and service of all Gambro water products, components, parts and consumables solely intended for the U.S. market. Mar Cor Purification now has service offices in 20 cities in the U.S. and Canada, with seven resin regeneration plants located in Atlanta, Boston, Chicago, Montreal, Philadelphia, San Antonio and Toronto.

New Jersey-based Cantel Medical is a provider of infection prevention and control products in the healthcare market.

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