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CONMED Completes Acquisition of C.R. Bard's Endoscopic Technologies Product Line.

Publication: PR Newswire
Publication Date: 01-OCT-04 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
- Expects to Add $0.12 to FY05 EPS (Non-GAAP) -

- FY05 Free Cash Flow Anticipated to be $75MM to $80MM -

CONMED Corporation announced today that, effective September 30, 2004, it has completed the acquisition of certain products of the Endoscopic Technologies business from C.R. Bard, Inc. . As previously announced, the business consists of a comprehensive line of single-use medical devices employed by gastro- intestinal (GI) and pulmonary physicians to diagnose and treat diseases of the digestive tract and lungs using minimally invasive endoscopic techniques. The acquired Endoscopic product line had 2003 revenues approximating $54 million and is the third largest domestic supplier of these types of products to the market.

Mr. Joseph Corasanti, President and Chief Operating Officer of CONMED, commented, "CONMED benefits from the marketing and manufacturing synergies created by the addition of the Endoscopic...

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