Theragenics Corporation Acquires NeedleTech Products, Inc.
July 28, 2008
Theragenics Corporation (NYSE: TGX) completed the acquisition of NeedleTech Products, Inc. on July 28, 2008 for $47.8 million in cash. NeedleTech, a specialty-needle and medical-device manufacturer based in Attleboro, Massachusetts with 2007 revenue of $16.9 million, will be consolidated into Theragenics' surgical products segment immediately; Theragenics financed part of the purchase with $24.5 million borrowed on its existing credit facility.
- Buyers
- Theragenics Corporation
- Targets
- NeedleTech Products, Inc.
- Industry
- Medical Devices
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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