C.R. Bard (NYSE:BCR) said yesterday that it closed the $181 million acquisition of Liberator Medical (NYSE:LBMH), a direct-to-consumer distributor of durable medical equipment. The deal called for Murray Hill, N.J.-based Bard to pay $3.35 per share for Liberator, a 36% premium over Liberator’s 90-day average closing price through Nov. 19, 2015, the day before the deal was […]
Liberator Medical
Coloplasty, Liberator Medical pay $3.6m to shed kickbacks case
Coloplast (CPH:COLO B) and Liberator Medical (NYSE:LBMH) agreed to pay a collective $3.6 million to settle allegations that they ran a kickbacks scheme to fuel sales of the Danish ostomy device maker’s products, federal prosecutors said yesterday. Coloplast agreed to pay $3.16 million and Liberator $500,000 to settle the case, although they admitted no liability in […]
Bard to pay $181m for DTC distributor Liberator Medical
C.R. Bard (NYSE:BCR) said today that it agreed to pay $181 million to acquire Liberator Medical (NYSE:LBMH), a direct-to-consumer distributor of durable medical equipment. The deal, expected to close during the 1st quarter next year, calls for Murray Hill, N.J.-based Bard to pay $3.35 per share for Liberator. The bid is a 36% premium over Liberator’s […]
