Cantel Medical (NYSE:CMD) beat the consensus forecast with its fiscal second-quarter results today, but received a tepid reaction on Wall Street. Little Falls, N.J.-based Cantel posted profits of $32.5 million, or 78¢ per share, on sales of $213.0 million for the three months ended Jan. 31, for a bottom-line gain of 79.8% on sales growth of […]
Cantel Medical Corp.
Cantel Medical closes $61m BHT buyout
Cantel Medical (NYSE:CMN) said today that it closed its $60.8 million acquisition of German endoscope reprocessor BHT Hygienetechnik Holding. Gersthofen, Germany-based BHT, which employs about 100 people, put up sales of abut $24.5 million last year, according to Little Falls, N.J.-based Cantel. “Establishing leadership in our international markets is a key component of our strategy and this […]
Cantel Medical to buy BHT Group for $60m
Cantel Medical (NYSE:CMN) said today it inked a definitive agreement to purchase German endoscope reprocessor BHT Hygienetechnik Holding for $60.8 million. BHT Group has approximately 100 employees and provides automated endoscope reprocessing alongside related equipment, services and flexible endoscope repairs, Little Falls N.J.-based Cantel Medical said. Over the past year, BHT Group reported revenues of $24.5 […]
Cantel Medical closes CR Kennedy endoscopy assets buy
Cantel Medical (NYSE:CMN) said today it closed its buy of endoscopy business assets from Australian distributor CR Kennedy. The assets picked up by Little Falls, N.J.-based Cantel include its Mediators-branded automated endoscope reprocessors, chemistries and procedure room products. The sale also includes a full sales and service organization from CR Kennedy, the company said. “We’re excited to […]
Cantel Medical slumps on Q2 earnings release
Shares in Cantel Medical (NYSE:CMN) have slumped today despite the medical device maker posting 2nd quarter earnings results which topped Wall Street expectations in earnings per share, but missed on sales. The Little Falls, N.J.-based company posted profits of $18.1 million, or 43¢ per share, on sales of $184.8 million for the 3 months ended January […]
Cantel Medical picks up Accutron for $52m
Cantel Medical (NYSE:CMN) said today it acquired Accutron for approximately $52.5 million. Accutron manufactures nitrous oxide delivery systems and single-use nasal masks, and will be folded into the dental portfolio of Cantel’s healthcare disposables segment Crosstex International. “We are pleased to welcome Accutron to the Cantel family. The addition of Accutron’s portfolio of high quality, conscious […]
Cantel Medical jumps on Street-beating Q3
Cantel Medical (NYSE:CMN) today released its 3rd quarter earnings for its fiscal year 2016, beating the Street across the board and seeing shares lift. The Little Falls, N.J.-based company reported profits of $14 million, or 34¢ per share, on sales of $173.7 million for the 3 months ended April 30. That amounts to a 13.5% bottom-line […]
Cantel Medical closes $13.5m buy of NAMSA’s sterility assurance biz
Cantel Medical (NYSE:CMN) said today it closed its $13.5 million buy of North American Science Associates sterility assurance business, which Cantel said it plans to fold into its Crosstex division. The NAMSA operation, which posted sales of $5.7 million last year, makes biological and chemical indicators designed to monitor the effectiveness of sterilization procedures. Little Falls, […]
Cantel Medical buys NAMSA’s sterility assurance biz for $14m
Cantel Medical (NYSE:CMN) and North American Science Associates said they agreed to a $13.5 million cash deal for NAMSA’s sterility assurance business, which Cantel said it plans to fold into its Crosstex division. The NAMSA operation, which posted sales of %5.7 million last year, makes biological and chemical indicators designed to monitor the effectiveness of sterilization procedures. […]
Cantel Medical pays $80m for UK ‘scope storage maker Medical Innovations
Cantel Medical said today it acquired U.K.-based endoscope storage and transport manufacturer Medical Innovations Group Holdings Limited for $79.5 million. Medical Innovations manufactures the CleanaScope short-term scope transport system and SureStore long-term endoscope storage system, Cantel Medical said. “Ensuring the safe transport, storage and separation of reprocessed and contaminated endoscopes throughout the healthcare setting is […]
Zimmer & Biomet shift personnel after acquisition| Personnel Moves
Zimmer (NYSE:ZMH), who acquired Biomet in a deal that closed this month, announced a series of personnel shifts upon the closure of the merger. Zimmer CFO and senior veep James Crines has stepped down from his position to retire, effective August 3, to be replaced by former CFO and senior veep of BiometDaniel Florin, the company said. […]