ConvaTec to buy 180 Medical Holdings for $321 million
(Reuters) - Medical technology firm ConvaTec said it will buy privately owned 180 Medical Holdings Inc, a maker of catheters and urologic medical supplies, for $321 million.
ConvaTec, which private equity firms Nordic Capital and Avista Capital Partners bought from Bristol-Myers Squibb Co in 2008, said the deal will close late in the third quarter.
Skillman, New Jersey-based ConvaTec makes wound care and ostomy care products.
(Reporting by Prateek Kumar in Bangalore; Editing by Maju Samuel)