Key Developments For Medical Action Industries Inc
Medical Action Industries Inc (MDCI.O) (Nasdaq)
Medical Action Industries Inc. Announces Charles L. Kelly As Chief Financial Officer
Medical Action Industries Inc. announced that it has hired Charles L. Kelly as its Chief Financial Officer
Medical Action Industries Inc. Comments On FY 2008 Guidance-Conference Call
Medical Action Industries Inc. announced that for fiscal 2008, it expects to report record income and record revenue. According to Reuters Estimates, analysts are expecting the Company to report net profit of $14.5 million on revenue of $293.3 million for the same period.
Medical Action Industries Inc. Completes Acquisition Of Medegen Medical Products, LLC
Medical Action Industries Inc. announced that it has completed its previously announced acquisition of Medegen Medical Products, LLC. Medegen Medical Products is the manufacturer of patient utensil products. It develops, manufactures and markets products focusing on patient care and laboratory areas. The purchase price of $80,000,000 was paid in cash, funded from cash on hand, together with borrowings from lending institutions.
Medical Action Industries Inc. Agrees To Acquire Medegen Medical Products LLC
Medical Action Industries Inc. announced that it has agreed to acquire Medegen Medical Products LLC, which maintains manufacturing facilities in Colorado and Tennessee, is the manufacturer of plastic patient utensils consisting of wash basins, bed pans, urinals and emesis basins. The purchase price of approximately $80,000,000 will be payable in cash, funded from cash on hand, together with borrowings from lending institutions. The transaction is expected to close in approximately 45 days.
Medical Action Industries Inc. Issues FY 2005 EPS Outlook
Medical Action Industries Inc. announced that it expects fiscal 2005 earnings of $1.00-$1.04 per share. According to Reuters Estimates, analysts expect the Company to earn $1.01 per share in the same period.
