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LeMaitre Vascular Acquires Clot Management Business from Applied Medical

LEMAITRE VASCULAR (LMAT)  More Company Research Source: GlobeNewswire
Last lemaitre vascular earnings: 7/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: lemaitre.gcs-web.com/investor-relations
PDF BURLINGTON, Mass., Sept. 26, 2018 (GLOBE NEWSWIRE) -- LeMaitre Vascular, Inc. (Nasdaq:LMAT) announced today that it has acquired the vascular clot management business of Applied Medical Resources Corporation for $14.2 million, of which $11.0 million was paid at closing and $3.2 million will be paid in two post-closing installments. As part of the transaction, the parties also signed a transition services agreement under which Applied Medical will continue to manufacture the product line for LeMaitre Vascular for one year. Applied Medical’s clot management product line, including Syntel® embolectomy and thrombectomy catheters, Python® over-the-wire embolectomy catheters, Latis® graft cleaning catheters and irrigation catheters, is now available through LeMaitre Vascular. Sales of the business during the latest 12-month period were $3.4mm. Dave Roberts, LeMaitre Vascular’s President, commented, “We are pleased to expand our clot management product offering through this acquisition, [Read more]

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