ConvaTec to buy 180 Medical Holdings for $321 million

Fri Aug 31, 2012 5:15pm EDT

(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)

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