Summary

Other Scenarios:

Buyer: Sybron Dental Specialties, Inc. (SYD) Last Price: 46.99 Market Cap.: 1.91B
Target: Arrow International, Inc. (ARRO) Last Price: 31.52 Market Cap.: 1.41B

Lines of Business Summary:

Product Summary:

Overlap & Complementary Sectors

Sector Buyer Target # of Focused Companies
*Healthcare 862
Biopharmaceuticals   315
Medical Devices 248

- Focused. Denotes that the company is considered focused in this area. In general, Focused Companies draw the majority of their earnings in the sector/product area specified.

- Sector Pure-Plays. Denotes that the company is focused in the selected sector and generates nearly all earnings in the sector/product area specified.

- Sector Participation. Denotes that the company develops products in this line of business.

Sample Products in Similar Lines of Business

Sample Products in Complementary Lines of Business
Buyer (Total: 308)
  • Kerr Vitality Scanner 2006
  • Kerr Mirror Series
  • Analytic Quantec Flare Series
  • Kerr Endo Triple-Flex File Series
Target (Total: 86)
  • 7cc Luer Slip Loss of Resistance Syringe
  • Single Shot Epidural Anesthesia Kit
  • Epidural Needle Series
  • FlexTip Plus/TheraCath Epidural Kit
Buyer

n/a
Target
  • ChloraPrep

Business Relationship Summary:

Top Key Suppliers

Top Key Customers
Buyer (Total: 1)
  • W. P. Carey & Co. LLC (WPC)
Target (Total: 1)
  • QAD Inc. (QADI)
Buyer (Total: 1)
  • Henry Schein, Inc. (HSIC)
Target (Total: 0)

n/a

Key Financial Summary:

Metric Buyer Target
Number of Employees 4,117 3,700
Revenue Per Employee 177,949.7 126,296.3
Total Revenue 182.8 116.5
Total Expenses 148.3 98.4
Other Revenue 0.0 0.0
Cost of Revenue 78.1 59.7
SG&A Expense 68.9 31.9
Research & Development 0.0 7.1
Other Operating Expense 0.0 0.0
Operating Income 34.5 18.1
Unusual Income 0.0 -0.3
Gross Margin % 57.25 48.74
Metric Buyer Target
Operating Margin % 18.86 15.54
Total Assets 785.9 617.7
Return on Equity % 17.13 10.46
Cash+ ST Inv. Per Share 1.8 2.71
Total Debt 203.1 34.9
Curr Portion of LTD/Cap Lease 0.1 1.0
Total Debt to Equity 45.52 7.07
LT Debt to Capital 31.27 0
Fwd P/E 25.68 24.71
Fwd P/Rev 2.75 2.93
Book Value 446.2 493.9

Individual Company Summary

Focused

Buyer

Focused (): *Healthcare > Medical Devices > Dental

Target

Focused (): *Healthcare > Medical Devices > Drug Delivery > Infusion Therapy > Vascular Access

Business Description

Buyer

Sybron Dental Specialties, Inc. (SDS) is a manufacturer of value-added products for the dental profession, including the marketing of orthodontics, endodontics and implantology, and a variety of infection prevention products used by the medical profession. The Company operates in two segments: Professional Dental and Specialty Products. The Professional Dental segment develops and manufactures a variety of branded dental consumable products, small non-consumable equipment and consumable infection prevention. The Specialty Products segment develops, manufactures and markets an array of consumable orthodontic and implant products, as well as small non-consumable dental products to orthodontists, endodontic specialists, oral surgeons, prosthodontists and periodontists worldwide. During the fiscal year ended September 30, 2005 (fiscal 2005), SDS acquired Innova LifeSciences Corporation and Oraltronics Dental Implant Technology GmbH.

Target

Arrow International, Inc. develops, manufactures and markets a range of clinically advanced, disposable catheters and related products for critical and cardiac care. The Company's critical care products are used principally for central vascular access in the administration of fluids, drugs and blood products, patient monitoring and diagnostic purposes. These products are used by anesthesiologists, critical care specialists, surgeons, cardiologists, nephrologists, emergency and trauma physicians, and other healthcare providers. Arrow's cardiac care products are used by interventional cardiologists, cardiac surgeons, interventional radiologists and electrophysiologists for purposes, such as the diagnosis and treatment of heart and vascular disease, and to provide short-term cardiac assist following cardiac surgery, serious heart attack or balloon angioplasty.

Product Summary

Sector Buyer Target
*Healthcare
Biopharmaceuticals  
Infectious Diseases
The Infectious Diseases Subsector includes therapeutics that treat diseases caused by the invasion and reproduction of microorganisms in the body.
  
Surgery
The Surgery Subsector includes therapeutics that treat complications associated with surgical procedures.
  
Medical Devices
Anesthesiology
The Anesthesiology Subsector includes medical devices that deliver and monitor anesthetics.
  
Cardiology
The Cardiology Subsector includes medical devices that diagnose, monitor, and treat diseases affecting the heart and proximal blood vessels. Common devices include vital sign monitors, cardiac defibrillators, pacemakers, and other surgical equipment.
  
Clinical Diagnostics
The Clinical Diagnostics Subsector includes medical devices that analyze human body specimens within a medical setting. These devices, including equipment, biological and chemical reagents are primarily used for the diagnosis of diseases.
  
Dental
The Dental Subsector includes medical devices that diagnose and treat dental disorders, as well as restore proper function and appearance of teeth and gums.
  
Drug Delivery
The Drug Delivery Subsector includes medical devices that facilitate the delivery of medications through different anatomical entryways, including blood vessels, skin, the mouth, and the lungs. Common devices in this sector include vascular access catheters, needles, implants, and inhalers.
  
General Surgery
The General Surgery Subsector includes medical devices that perform general, non-specialty surgeries; these devices are often general in scope and are used in procedures involving various parts of the body.
Medical Supplies
The Medical Supplies Subsector includes basic and consumable products that are widely used in healthcare settings.
  
Neonatology
The Neonatology Subsector includes medical devices that diagnose, monitor and treat diseases of newborns.
  
Oncology
The Oncology Subsector includes medical devices that detect and treat cancers.
  
Respiratory
The Respiratory Subsector includes medical devices that diagnose and treat respiratory diseases.
  
Urology
The Urology Subsector includes medical that diagnose and treat urinary tract and male reproductive disorders.
  
Vascular
The Vascular Subsector includes medical devices that diagnose and treat of conditions affecting the blood vessels.
  

- Focused. Denotes that the company is considered focused in this area. In general, Focused Companies draw the majority of their earnings in the sector/product area specified.

- Sector Pure-Plays. Denotes that the company is focused in the selected sector and generates nearly all earnings in the sector/product area specified.

- Sector Participation. Denotes that the company develops products in this line of business.

Product Details

Sector Buyer Target
*Healthcare
Biopharmaceuticals  
Infectious Diseases  
Bacterial  
Antibacterial Agents  
Broad Spectrum  
Antiseptic Agents
Therapeutics that prevent bacterial infection by inhibiting the growth and development of microorganisms without necessarily killing them.

Target Products:

  • ChloraPrep
  
Surgery  
General  
Bacterial Infections  
Antiseptic Agents
Therapeutics that are used to prevent the spread of microorganism in pre-surgical skin infections due to bacteria.

Target Products:

  • ChloraPrep
  
Medical Devices
Anesthesiology  
Surgical  
Procedure/Region Specific  
Delivery Systems  
Epidural
Devices used to inject anesthetic into the epidural space to numb the legs and abdomen, which include catheters, needles, syrninges and other prepackaged kits.

Target Products:

  • 7cc Luer Slip Loss of Resistance Syringe
  • Single Shot Epidural Anesthesia Kit
  • Epidural Needle Series
  • FlexTip Plus/TheraCath Epidural Kit
  
Nerve Block
Devices used to assist in the delivery of nerve block anesthetic, which include catheters, needles and other prepackaged kits.

Target Products:

  • StimuQuick
  • StimuCath
  
Cardiology  
Diagnostic  
Imaging  
X-Ray  
Angiography  
Accessories
Various instruments used to assist in angiography procedures, including transducers, catheters, control syringes, waste systems, contrast management systems, fluid administration sets, and other related items.

Target Products:

  • Balloon/Double-Lumen Balloon Wedge-Pressure Catheters
  • Berman Angiographic/Reverse Berman Balloon Catheter Series
  
Monitoring  
Accessories  
Blood Pressure  
Invasive Blood Pressure Cuffs
Monitoring accessories that require contact with the blood and blood vessels to obtain an accurate blood pressure reading, such as domes and transducers.

Target Products:

  • VitaCuff Products
  • Wedge Pressure Products
  
Output Sensors
Instruments that measure various cardiac outputs, such as blood velocity and pressure. Examples of sensors include bioimpedence, hemodynamic and thermodilution catheters.

Target Products:

  • Balloon/HANDS OFF Thermodilution Catheter Series
  • HemoSonic 100 Probe
  
Monitors  
Cardiac Output
Instrument that measures the blood flow pumped out of the heart.

Target Products:

  • Cardiac Output Computer
  • HemoSonic 100
  
Surgical  
General Procedure  
Accessories  
Access  
Arterial
Instruments used to gain access to the heart's arteries, including aortic pouches, introducer needles, introducers and vessel dilators.

Target Products:

  • Arrow-Fischell EVAN Vascular Access
  • Super Arrow-Flex Sheath Introducer Series
  • Percutaneous Sheath Introducer
  • Spring-Wire Guide Introducer
  
Guidewires
A small wire-like device that is threaded through a catheter to the site of interest for delivery of another apparatus like a stent.

Target Products:

  • Radial Artery Catheterization Kit
  
Procedure/Region Specific  
Arrhythmia  
Electrophysiology  
Chamber Mapping Systems  
Catheters
Long slender wire-like devices with multiple electrodes on the end that gets inserted into the heart chamber for electrophysiological studies and chamber mapping.

Target Products:

  • Decapolar/Hexapolar Electrode Catheters Series
  • QuadPolar Electrode Catheter Series
  
Guiding Catheters
Catheter that is used to guide other instruments into place, usually has some sort of curve or steering mechanism.

Target Products:

  • Triple Lumen Guide Catheter
  
Pacing Catheters
Catheter that is capable of regulating the electrical stimulation rhythm of the heart.

Target Products:

  • Balloon Pacing Catheter Series
  • Bipolar Pacing Catheter
  • Multi-Polar Electrode Catheter Series
  • QuadPolar Electrode Catheter Series
  • HANDS-OFF Balloon Pacing Catheter
  
Cardiac Output Assist  
Intra-Aortic Balloon Pump (IABP)  
Accessories
Various instruments used to assist intra aortic balloon pump surgery, such as catheter kits and introducers.

Target Products:

  • Hemostasis Sheath Introducer
  • NarrowFlex Series
  • Universal Series
  • UltraFlex Flexible Series
  • LightWAVE Series
  • Ultra 8
  • RediGaurd Series
  
Systems
Complete set of instruments used to perform intra aortic balloon pump surgery.

Target Products:

  • ACAT 1 Plus
  • AutoCAT 2 Series
  • TransAct
  • KAAT II Plus
  
Ventricular Assist Device (VAD)  
Left Ventricular (LVAS)  
Implantable
A device that can be encased in the body cavity and provides the pumping force for the left ventricle of the heart.

Target Products:

  • CorAide
  • Triple Lumen Guide Catheter
  
Revascularization  
Atherectomy  
Rotational Systems
Complete set of instruments used to perform catheter based rotational blade atherectomy.

Target Products:

  • Arrow-Fischell Pullback Atherectomy Catheter
  
Clinical Diagnostics  
Specimen Collection  
Blood  
Arterial  
ABG Collection Kits
Collection devices used to collect arterial blood samples.

Target Products:

  • Arterial/Venous Catheterization Kits
  • Femoral Artery Catheterization Set
  • QuickFlash Kits
  
Body Fluids  
Paracentesis Kits
Kits used in the collection of paracentesis fluid.

Target Products:

  • Large Volume Abdominal
  • Peritoneal Lavage Kit
  
Thoracentesis Kits
Catheters/thin tubes used to collect samples of fluid in the thoracic fluid for diagnostic and therapeutic purposes

Target Products:

  • Arrow-Clarke Pleura-Seal Thoracentesis Kit
  
Dental  
Diagnostic  
Physical Examination  
Soft Tissue  
Exam Probes
Probes or probe systems used in the diagnosis of gum disease.

Buyer Products:

  • Kerr Vitality Scanner 2006
  
Visualization  
Mirrors
Mirrors used to view the oral cavity during treatment.

Buyer Products:

  • Kerr Mirror Series
  
Surgical  
Endodontic  
Canal Files
Files used in performing a root canal.

Buyer Products:

  • Analytic Quantec Flare Series
  • Kerr Endo Triple-Flex File Series
  • Kerr K3 Endodontic Files
  • Kerr K-Flex File Series
  • Kerr Hedstrom File Series
  • Kerr Safety Hedstrom File Series
  • SybronEndo K3 File Series
  • SybronEndo Quantec File Series
  • SybronEndo Ultrasonic K Files
  
Canal/Apex Finders
Devices used for locating and shaping the root canal and root canal apex.

Buyer Products:

  • SybronEndo TCM Endo III
  • SybronEndo Elements Diagnostic Unit and Apex Locator
  • Analytic Endo Analyzer 8005
  • Analytic Vitality Scanner 2005
  • Ormco A+ Atlas First Molars
  • Kerr Endo Analyzer
  • Kerr Apex Finder 7001
  
Drills
Drills used in endodontic treatment.

Buyer Products:

  • Analytic Quantec System
  
Irrigation Probes
Probes which provide irrigation during endodontic surgery

Buyer Products:

  • SybronEndo Triplex Syringe
  
Obturation  
Heat Sources
Heat source devices used to remove tissue during endodontic surgery.

Buyer Products:

  • Analytic System B Heat Source
  • Kerr Touch 'n Heat
  
Obturators
Devices used to remove tissue during endodontic surgery.

Buyer Products:

  • SybronEndo Elements Obturation Unit
  • Analytic Autofit Gutta Percha Series
  • Analytic MicroSeal System
  
Sealants
Devices which act as a sealant during the course of obturation.

Buyer Products:

  • Analytic MicroSeal
  • Kerr Pulp Canal Sealer Series
  
General  
Instruments  
Electrical  
General Surgical Tools
Devices used to perform general dental surgical procedures, including drills, dryers, composite curing, motors/handpieces, inserts/attachments and other similar items.

Buyer Products:

  • Kerr L.E.Demetron 1
  • Analytic Contra-Angles
  • Kerr Smart Bur Series
  • Kerr Polyceramic Inlay/Onlay Kit
  • Kerr Patriot Diamond Series
  • Kerr Optilux 380/501
  • Kerr MicroMill Diamond Series
  • Kerr M4 Safety Handpiece
  • Kerr Long Life Laboratory Bur Series
  • Kerr Fine Finishing Bur Series
  • Kerr Composite Finishing System
  • Kerr Composite Finishing Diamond Series
  • Kerr Composite Finishing Bur Series
  • Kerr Ceramic Veneer & Crown Kit
  • Kerr Ceramic Inlay/Onlay Kit
  • Kerr Bluewhite Diamond Series
  • Analytic Impact Air Handpiece Series
  • Kerr Demetron LC
  
Ultrasonic Scalers  
Systems
Systems that use ultrasonic energy to remove plaque from teeth.

Buyer Products:

  • Analytic MiniEndo
  
Manual Instruments
Manual instruments used during dental surgical procedures, including wrenches, drivers, applicators, forceps, knives, pliers and other similar items.

Buyer Products:

  • SybronEndo Endodontitic Manual Instruments
  
Treatment  
General  
Etchants
Devices which after application etch the enamel of the teeth in order to provide a better bonding site.

Buyer Products:

  • Kerr Gel Etchant Series
  • Ormco Gel Etch Series
  
Filters
Safety filters designed for dental irrigation fluids.

Buyer Products:

  • Metrex ClearLine Plus
  
Irrigation Systems
Systems used to provide irrigation and site rinse during dental procedures.

Buyer Products:

  • Analytic Stropko Irrigator
  • Safe-Wave
  • SybronEndo Quantec-E Irrigation System
  
Orthodontic  
Components  
Bonding  
Adhesive Systems
Adhesives used to attach brackets to the teeth in order to assist in straighten them.

Buyer Products:

  • Ormco Enlight Series
  • Ormco Secure Two-Paste Adhesive Series
  • Ormco System 1 Series
  • Ormco The Card
  • Ormco System 1+ Series
  • Ormco Sequence Light Cure Adhesive Series
 
Cements
Cements used to attach brackets to the teeth in order to assist in straightening them.

Buyer Products:

  • Kerr Maxcem
  • Kerr Nexus Series
  • Ormco OptiBand Series
  • Ormco ProTech Gold
  • Ormco Zinc Phosphate
  • Ormco Protech
  
Cleaning Systems  
Kits
Devices that are used to clean orthodontic products.

Buyer Products:

  • SybronEndo SmearClear
  • Kerr OptiClean
  
Extraoral  
Facebows
Wire apparatus used to move back upper molars in order to create room for the teeth in the front of the mouth.

Buyer Products:

  • Ormco A+ Facebow Series
  • Ormco Colored Face Bow Series
  • Ormco Nanda Facebow Series
  • Ormco SRX Facebow Series
  • Ormco SR Facebow Series
  
Headgear Systems
Wire apparatus used to move back upper molars in order to create room for the teeth in the front of the mouth.

Buyer Products:

  • Ormco Brite-Gear Series (Various)
  • Ormco Sentry Headgear Series
 
Protraction Facemask
Facemask apparatus which applies front to back pressure on the attached teeth.

Buyer Products:

  • Ormco AD Protraction Facemask Series
  
Intraoral  
Archwires
Metal wire attached to brackets that straighten teeth, including labial and lingual.

Buyer Products:

  • Ormco A+ Align Wire
  • Ormco Reverse Curve TMA Series
  • Ormco Respond Series
  • Ormco Precision Lingual Hinge Cap
  • Ormco Optiflex Series
  • Ormco Ni-Ti Series
  • Ormco Ni-Ti Lingual Arches
  • Ormco Burstone TMA Retraction Assemblies
  • Ormco Burstone Ligual Arch System
  • Ormco Azurloy Series
  • Ormco Align XF Series
  • Ormco Align TS Series
  • Ormco Align SE 200 Series
  • Ormco Alexander Vari-Simplex/Tear Drop Series
  • Ormco A+ Stainless Steel Series
  • Ormco Turbo-Wire
  • Ormco Triple Flex Series
  • Ormco TMA Series
  • Ormco Titanium Niobium/FA Series
  • Ormco Force 9 Series
  • Ormco Dead Soft Respond Archwire
  • Ormco D-Rect Series
  • Ormco Copper Ni-Ti Series
  • Ormco A+ Damon
 
Bands
Rubber band type devices used to create constant tension in order to move teeth.

Buyer Products:

  • Ormco A+ Atlas First Molars
  • Ormco A+ Standard First And Second Molars
  • Ormco Lower Bands
  • Ormco Washbon First And Second Molars
  • Ormco Upper Bands
  • Ormco Ultima First Molars
  • Ormco TrimLine First And Second Molars
  • Ormco Primary Bands
  • Ormco Mark II First Molars
  • Ormco Lateral Series
  • Ormco A+ Preformed Bicuspids Series
  • Ormco Cuspid Band Series
  • Ormco Central Series
  • Ormco Anterior Series
 
Bite Aligners
Devices used to align and straighten the bite.

Buyer Products:

  • Ormco Bite Fixer
  • Ormco Bite Turbos
  • Ormco Herbst Bite Jumper Appliance
  • Ormco Bite Jumping Appliance
  • Ormco CBJ Kits
  
Brackets
Device attached onto the tooth in order to secure the archwires.

Buyer Products:

  • Sybron Dental Damon 3 Bracket
  • Ormco A+ Series
  • Ormco Inspire Series
  • Ormco Wild Spirit
  • Ormco Weldable Brackets (Various)
  • Ormco Weldable Bracket Series
  • Ormco TwinLock
  • Ormco SpiritMB
  • Ormco Orthos Applicance Systems
  • Ormco Mini-Wick Systems
  • Ormco Mini Diamond Appliance Systems
  • Ormco Lingual Series
  • Ormco Gold Orthos
  • Ormco Gold Brackets
  • Ormco Full Sized Diamond Bracket Series
  • Ormco Force 9 Series
  • Ormco Fluorobond Series
  • Ormco Diamond Systems
  • Ormco Damon SL Appliance Systems
  • Ormco Carrire Prescription
  • Ormco Bios Applicance Systems
  • Ormco Alexander SpiritMB
  • Ormco Alexander Signature Line
  • Ormco A+ TruStraight-Wire Appliances
  • Ormco A+ Straight-Wire Appliances
  
Buccal Tubes
Metal device that is welded on the outside of a molar bank, containing slots in order to hold archwires, lip bumpers, facebows etc.

Buyer Products:

  • Ormco A+ Andrews Molar Translation Tubes
  • Ormco A+ Micro Tubes
  • Ormco Accent Series
  • Ormco Peerless Cast Series
  
Correctors
Devices that work to correct the bite of the patient.

Buyer Products:

  • Ormco Active Vertical Correctors
  • Ormco Mandibular Anterior Repositioning Appliance (MARA)
  
Distalizers
Wiring systems designed to control molar movements.

Buyer Products:

  • Ormco Lokar Molar
  
Elastics
Elastic wire devices used to create pressure in order to move teeth.

Buyer Products:

  • Kerr Adapt Luciwedge
  • Ormco Rotation Wedges
  • Ormco Fixed Rapid Expanders
  
Hooks/Stops/Spacers
Appliances designed to facilitate proper spacing and retraction of teeth during orthodontic bracing procedures.

Buyer Products:

  • Ormco Crimpable Arch Hooks and Stops/Spacers
  • Ormco Power Pin
  • Ormco Weldable Arch Stops/Spacers
  • Ormco Crimpable Ball Hook
  • Ormco Kobayashi Ready-To-Use Auxilary Tie Hooks
  • Ormco Crimpable Edgewise Arch Hooks and Stops
  
Ligatures
Elastic or metal wire devices used to create pressure in order to move teeth.

Buyer Products:

  • Ormco A+ Short Kobayashi Hooks
  • Ormco Power Series
  • Ormco Seperators
  • Ormco Stainless Steel Short Ligature Ties
  • Ormco Zoo Pack Elastics
  • Ormco Teflon Coated Series
  • Ormco Short Sticks
  • Ormco Rotational Ligature Ties
  • Ormco Preformed Ligature Wire Series
  • Ormco Mini Twisted Kobayashi Series
  • Ormco "O"s Series
  
Lingual Attachments/Sheaths
Sheath covers that cover lingual attachments to protect the tongue and cheek.

Buyer Products:

  • Ormco A+ Lingual Attachments (Various)
  • Ormco Lingual Attachments (Various)
  • Ormco Lingual Sheaths (Various)
  
Lip Bumpers
Appliances designed to control mandibular arch discrepancies.

Buyer Products:

  • Ormco Orthos Lip Bumper
  • Ormco Wick Lip Bumper
  
Retainer Wires
Wire used in the process of straightening teeth.

Buyer Products:

  • Ormco Adjustable Lingual Retainer Series
  • Ormco Bondable Lingual Retainer Series
  • Ormco Wick Flat Bow
  • Ormco Preformed Brass Separating Wire
  • Ormco Hawley Retainers
  
Springs
Small springs which aid in creating pressure to move teeth.

Buyer Products:

  • Ormco A+ Coil Spring Series
  • Ormco TMA Coil Springs
  • Ormco Chrome Alloy Coil Springs
  • Ormco Ni-Ti Series
  • Ormco Preformed TMA Pendulum Series
  • Ormco A+ Pletcher Springs
  
Sealants
Sealants applied to teeth to act as a protectant to decay.

Buyer Products:

  • Ormco Fluorobond Series
  
Instruments  
Manual Instruments
Manual instruments used to assist in straightening the teeth, including pliers, forceps, gauges, blades, cutters, explorers, turrets, and other similar items.

Buyer Products:

  • Analytic Castroviejo Needle Holder
  • Ormco AEZ Utility Plier Series
  • Ormco ETM Wire Forming Plier Series
  • Ormco ETM Utility Plier Series
  • Ormco ETM Debonding/Debanding Instrument Series
  • Ormco ETM Manual Instruments Series
  • Ormco AEZ Wire Forming Plier Series (Various)
  • Ormco AEZ Tweed Plier Series (Various)
  • Ormco AEZ Manual Instruments Series
  • Ormco AEZ Crown & Band Removing Plier Series (Various)
  • Ormco AEZ Elastic Seperating & Ligature Tying Plier Series (Various)
  • Ormco AEZ Debonding & Adhesive Removing Pliers Series (Various)
  • Analytic Microsurgical Scalpel
  
Preventive Care  
Protective Sealants
Acrylic sealant applied to the teeth in order to prevent decay.

Buyer Products:

  • Kerr Guardian Seal
  
Restorative  
Accessories  
Bonding  
Adhesive Systems
Adhesive systems used to bond appliances to teeth.

Buyer Products:

  • Kerr OptiBond Series
  • Kerr XR Bond
  • OptiGuard
 
Cements
Cements used to bond appliances to teeth.

Buyer Products:

  • Kerr NEXUS2 Universal Luting Agent Kits
  • Kerr TempBond Series
  
Primers
Primers used to enhance the bonding ability of cements and adhesive systems.

Buyer Products:

  • Kerr XR Primer
  • Ormco Porcelain Primer Series
  • Ormco Plastic Bracket Primer Series
  • Ormco OrthoSolo Primer & Sealant
  
Implant Impression Components
Devices used to create an impression or mold to size implants, including impression posts, analogs, and materials.

Buyer Products:

  • Kerr AlgiNot
  • Kerr Expa-syl
  • Kerr Formatray
  • Kerr Integra Alginate
  • Ormco Basis Series
  • Kerr Take 1 Series
  • Kerr Softline
  • Kerr Permlastic Series
  • Kerr Luralite Impression Paste Series
  • Kerr Kwik-Tray
  • Kerr Impression Compound Series
  • Kerr Extrude
  • Kerr Easy Tray
  • Kerr StandOut
  • Kerr Bite Registration Paste
  • Kerr Bite Tray
  
Masking Agents
Agents which mask or hide the appearance of implants.

Buyer Products:

  • Kerr Opaker Series
  
Bridges/Crowns
Bridges, crowns and related placement instruments.

Buyer Products:

  • KerrLab belleGLASS Composite Handling Instruments
  • Ormco Stainless Steel Series
  • SybronEndo Crown Splitter
  • Ormco Aluminum Temporary Series
  • KerrLab Connect
  • KerrLab Construct Kit
  
Fillings/Build Up  
Base/Liner
Base used on teeth as primary attachment for repair materials.

Buyer Products:

  • Kerr Life/Life Fast Set
  • Kerr De-Lite Cavity Liner/Base Series
  
Instruments  
Manual  
Composite Instruments
Manual instruments designed to form, shape and pack composite material during a restoration procedure.

Buyer Products:

  • Kerr CompoRoller
  • Kerr Free-Flo Syringe
  • Kerr CoreRestore Kit
  • Kerr HiLusterPLUS Polishing System
  
Materials  
Amalgam
A soft metal which results from an alloy of a metal with mercury.

Buyer Products:

  • Kerr Alloy
  • Kerr Contour
  • Kerr Tytin/Tytin FC
  • Kerr Sybraloy
  
Compomer
A polymer resin, to which a high percentage of an inert filler has been added, usually glass.

Buyer Products:

  • SybronEndo RealSeal
  • Kerr Elan Compomer Restorative System
  
Composites
Synthetic resins, usually acrylic based, to which a high percentage of an inert filler has been added.

Buyer Products:

  • Kerr Herculite Series
  • Kerr Point 4 Optimized Particle Composite System
  • Kerr Prodigy Hybrid System
  • Kerr Tempfil
  • KerrLab belleGLASS HP
  • Kerr Temphase
  • Kerr Revolution Flowable Composite
  • Kerr Prodigy Condensables
  • Kerr CoreRestore Kit
  • Kerr Fill-In
  • Kerr Revolution Formula 2
  • Kerr Point 4 Flowable Resin
  
Finishing/Polishing  
Pastes/Compounds
Pastes or compounds used to finish or polish the teeth.

Buyer Products:

  • Kerr OptiGuard
  • Kerr Premise
  • Kerr Diamond Polishing Paste Series
  
Systems
Ultrasonic systems used in removal of deposits on teeth.

Buyer Products:

  • Kerr Occlubrush
  • Kerr Identoflex
  • Kerr OptiDisc
  • KerrLab belleGLASS HP Finishing/Polishing Kit
  
Implants  
Implant Bodies (Anchors)
Anchors which are surgically attached to the jaw bone. Implants are then attached to these.

Buyer Products:

  • Analytic MiniEndo II
  
Post Removal Systems
Systems which remove the anchors for prosthetic teeth from the jaw bone.

Buyer Products:

  • Analytic Ruddle Post Removal System
  • SybronEndo The "4" Series
  
Drug Delivery  
Infusion Therapy  
Accessories  
Needleless Fluid Administration/Extension Sets
Valve systems designed to work without needles to prevent patient injuries.

Target Products:

  • UserGard Needle-Free Injection Cap System
  
Delivery Systems  
Pumps  
Subcutaneous
Pump placed under the skin of the patient receiving infusion therapy.

Target Products:

  • Arrow Model 3000 Constant Flow Pump
  
Integrated/Comprehensive Systems
Complete infusion systems that include pumps, monitoring devices and other accessories.

Target Products:

  • Emergency Infusion Device- EID
  • RIC Rapid Infusion Catheter Exchange Set
  
Vascular Access  
Extended In Dwelling Catheters  
Central Venous Catheters (CVC)
Catheters designed to handle high volume flow.

Target Products:

  • Arrowgard Blue Series
  • HANDS OFF Central Venous Series
  • Maximal Barrier Precautions Tray
  
Introducers
Medical devices designed for introducing vascular access.

Target Products:

  • Raulerson Syringe
  • Arrow Simplicity Micro-Puncture Introducer Set
  
Kits
Kits containing necessary components for gaining vascular access, such as midline catheters, peripherally inserted central catheters, central venous catheters, and associated repair instruments.

Target Products:

  • Arrow-Howes
  • Super Arrow-Flex
  • Single-Lumen ARROWgard Blue
  • Peripherally Inserted Midline Catheter Kit Series
  • EID/Peripheral EID Catheter Kit
  • Multi-Lumen Pediatric Kit Series
  
Midline Catheters
Central venous catheter set designed for midline venous access.

Target Products:

  • Arrow Midline Catheter Series
  
Peripherally Inserted Central Catheters (PICC)
Central venous catheter set designed for peripheral venous access.

Target Products:

  • Arrow PICC Series
  
Peripheral Intravenous Catheters  
Infusion Sets
Complete infusion sets containing peripheral intravenous catheters.

Target Products:

  • Rapid Infusion Catheter (RIC)
  • TwinCath Two-Lumen Peripheral Catheter
  
Ported
Peripheral intravenous catheters that have ports for access and to attach other devices such as infusion pumps.

Target Products:

  • Blue FlexTip Catheter/Port Systems
  
Safety Catheters
Catheters designed to protect healthcare workers from accidental needle punctures.

Target Products:

  • StatLock Products
  
Subcutaneous Implants  
Accessories  
Port Access
Devices that permit port introduction allowing controlled vascular access.

Target Products:

  • A2Port With Introducer Kit
  
Ports
Implanted devices that allow controlled vascular access.

Target Products:

  • A/A2-Port Series
  • Low Profile Port/B-Port
  • Blue FlexTip Catheter/Port Systems
  
General Surgery
Invasive
Accessories
Drainage
Medical instruments used to provide drainage in the surgical area, including access kits, catheters, evacuator kits and reservoirs.

Target Products:

  • Blue FlexTip Percutaneous Cavity Drainage Kits
  
Guidewires
Guidewires used to lead other medical devices into place during surgical procedures

Target Products:

  • Spring-Wire Guides
  
Magnifying Glasses/Loupes
Devices that attach to safety glasses or the head and are used to magnify the surgical site.

Buyer Products:

  • Surgical Acuity Flip-Up Loupes
  • Surgical Acuity Through-The-Lens Loupes
  
Instruments  
Manual Instruments
Medical devices used manually by surgeons to perform invasive general surgical procedures, such as scalpels, curettes, dissectors, elevators, forceps, osteotomes, retractors, bissectors and other similar items.

Target Products:

  • Catheter Clamps
  • I.V. Tubing Products
  
Procedure/Region Specific  
Cholecystectomy  
Cholangiography  
Needles
Needles used to assist in cholangiography.

Target Products:

  • Port Non-Coring/Corning/Port-Winged Needles
  • Introducer Needles
  
Minimally Invasive  
Procedure/Region Specific  
Cholecystectomy  
Cholangiography
Devices used to perform minimally invasive procedures involving the biliary system, including catheter kits and other endoscopic instruments.

Target Products:

  • Arrow Percutaneous
  • Arrow-Karlan
  • Laparoscopic Cholangiography Balloon Catheter
  
Medical Supplies  
Safety and Sterilization  
Safety  
Patient Protection
Medical clothing and protective gear designed to provide protection and comfort to patients.

Buyer Products:

  • Kerr OptiDam
  
Provider Protection
Medical clothing and protective gear designed to provide protection to healthcare providers.

Buyer Products:

  • Kerr Dispens-it-All
  
Waste Management
Products used to control and contain biohazardous materials, such as chemical waste, fluid waste, and solid waste. These products may include bags, containers, and other more advanced waste treatment systems.

Buyer Products:

  • Kerr Evac-u-Trap
  • Metrex Vital 1 Series
  • Metrex The Solidifier
  • Metrex Canister Express
  • Metrex Premidex
  • Metrex Premidyne
  • Metrex PremiGuard
  • Metrex PremiCide
  • Kerr Dispos-a-Trap
  
Sterilization  
Accessories
Cleaning agents and ancillary products designed to sterilize medical products. Accessories include aerators, biological indicators, Bowie Dick test, chemical indicators, detergents, indicator tapes and other similar items.

Buyer Products:

  • Metrex CaviWipes/CaviWipesXL
  • Metrex EmPower Foam
  • Metrex MetriMist
  • Metrex Dispensing Pumps & Base Roller
  • Metrex MetriSponge
  • Metrex MetriShine
  • Metrex MetriDry
  • Kerr Ball-Point Applicators And Pinn-Point Brushes
  • Metrex KleenAseptic
  • Metrex EmPower
  • Metrex DiaCide
  • Metrex DetergeZyme
  • Metrex Compliance
  • Metrex CaviCide
  • Metrex Aldechek Test Strips
  • Metrex MetriLube/MetriLube Spray
  • Metrex VioNexus Series
  • Metrex VioNex Series
  • Metrex ProCide Series
  • Metrex Premidex
  • Metrex PremiCide
  • Metrex PerAldecide
  • Metrex MetriZyme
  • Metrex MetriWipe
  • Metrex MetriWash
  • Metrex MetriTest
  • Metrex MetriStrips/MetriStrips XL
  • Metrex MetriGuard
  • Metrex MetriCide Series
  • Metrex MetriClean2
  • Metrex Envirocide
  • Kerr Fresh Finish
  
Surgical  
Surgical Supplies/Tools
Devices used to aid or perform surgical functions such surgical lights, surgical markers, surgical table, positioners, towels, stockinette, sanitation agents, and other similar items.

Buyer Products:

  • Metrex Avidene
  • Metrex Metricare Series
  • Metrex VioNexus Series
  • Metrex ScrubCare
 
Neonatology  
Surgical  
Accessories  
Drainage Catheters
Long slender wire-like tube device that gains access to internal compartments of a newborn and allows fluid to exit through it.

Target Products:

  • NeoCare
  
Treatment  
Feeding Tubes
A pipe-like instrument that allows food to enter the newborn's stomach.

Target Products:

  • NeoCare
  
Urinary Drainage  
Systems
Complete set of instruments to remove the urine in a newborn's bladder.

Target Products:

  • NeoCare
  
Vascular Access  
Umbilical Vessel Catheters
Long slender wire-like tube device that proceeds down the umbilical cord to provide access to the inside of the newborn.

Target Products:

  • NeoCare
  
Oncology  
Surgical  
Biopsy  
Region Specific  
Liver
Instruments used to obtain biopsy sample from the liver system.

Target Products:

  • Liver Biopsy Kit
  
Respiratory  
Treatment  
Pneumothorax Catheter Kits
Thin tubes designed to be inserted into the lungs to correct pneumothorax (collapsed lung).

Target Products:

  • Pneumothorax Kit
  
Urology  
Surgical  
Procedure/Region Specific  
Percutaneous  
Nephrostomy  
Drainage Instruments
Instruments used to remove waste fluid from the kidney, such as catheters, malecots, pezzers, nephrostomy tubes and other similar items.

Target Products:

  • Blue FlexTip Percutaneous Cavity Drainage Kits
  
Treatment  
Renal  
Hemodialysis  
Components  
Access Graft Thrombolysis
Device used to plug up the hole in the access vein used for hemodialysis.

Target Products:

  • Arrow-Trerotola Percutaneous Thrombolytic Device (PTD)
  
Catheters  
Central Venous Access (CVA)
Catheter that gains access to a major vein.

Target Products:

  • Pediatric Catheter Series
  • You-Bend Two-Lumen Hemodialysis
  
Sets
Complete set of catheter instruments used to gain access to internal blood vessels for hemodialysis.

Target Products:

  • Arrow Cannon Connector Assembly Replacement Set
  
Vascular  
Diagnostic  
Imaging  
X-Ray  
Angiography  
Accessories
Various instruments used to assist in angiography procedures, including transducers, catheters, control syringes, waste systems, contrast management systems, fluid administration sets, and other related items.

Target Products:

  • Berman Angiographic/Reverse Berman Balloon Catheter Series
  
Surgical  
General Procedure  
Accessories  
Introducer Needles
Devices which provide access to the vascular system for introduction of introducers.

Target Products:

  • Arrow-Fischell EVAN Vascular Access
  
Introducers
Devices used to provide percutaneous introduction of catheters, interventional devices, and temporary pacing leads into the vasculature.

Target Products:

  • Percutaneous Sheath Introducer
  • Super Arrow-Flex Sheath Introducer Series
  • Arrow Simplicity Micro-Puncture Introducer Set
  

- Focused. Denotes that the company is considered focused in this area. In general, Focused Companies draw the majority of their earnings in the sector/product area specified.

- Sector Pure-Plays. Denotes that the company is focused in the selected sector and generates nearly all earnings in the sector/product area specified.

- Sector Participation. Denotes that the company develops products in this line of business.

Relationship Details

Key Competitors

  Name Dir Percent Market Cap. P/E Ratio (TTM) Fwd P/E P/R Ratio (TTM) Fwd P/Rev Price To Tang. Book Value
Buyer
  3M Company n/a 63,563.981 19.42 18.10 2.94 2.81 9.06
Ecolab Inc. n/a 9,624.276 29.49 26.63 2.10 1.99 17.67
DENTSPLY International Inc. n/a 4,676.135 105.49 21.13 2.69 2.64 15.78
Align Technology, Inc. n/a 471.452 n/a -30.64 2.30 2.34 4.96
Young Innovations, Inc. n/a 288.832 18.76 18.76 3.41 3.26 6.36
Heraeus Holding GmbH n/a n/a n/a n/a n/a n/a n/a
Ivoclar Vivadent AG n/a n/a n/a n/a n/a n/a n/a
American Orthodontics, Inc. n/a n/a n/a n/a n/a n/a n/a
Nobel Biocare AB n/a n/a n/a n/a n/a n/a n/a
Straumann A.G. n/a n/a n/a n/a n/a n/a n/a
Target
  Edwards Lifesciences Corp n/a 2,614.266 27.04 21.56 2.60 2.46 10.35
ev3 Inc. n/a 807.401 n/a -13.43 5.45 4.10 6.69
Datascope Corporation n/a 529.175 30.97 23.23 1.44 1.37 2.06
AngioDynamics, Inc. n/a 321.875 49.36 43.26 4.46 3.96 5.93
ABIOMED, Inc. n/a 316.612 n/a -16.45 7.25 5.89 n/a
Merit Medical Systems, Inc. n/a 302.000 21.31 25.77 1.76 1.65 2.40
DURECT Corporation n/a 276.948 n/a -9.54 9.74 9.93 8.57
Delcath Systems, Inc. n/a 94.910 n/a n/a n/a n/a 7.53
Neoprobe Corporation n/a 14.673 n/a -2.70 2.48 2.26 7.65

- Defined by the Company - Defined by Others

Dependent Suppliers

  Name Dir Percent Market Cap. P/E Ratio (TTM) Fwd P/E P/R Ratio (TTM) Fwd P/Rev Price To Tang. Book Value
Buyer
  W. P. Carey & Co. LLC n/a 1,019.738 19.16 9.79 5.77 n/a 2.03
Target
  QAD Inc. n/a 239.239 11.60 18.62 1.06 1.00 4.22

- Defined by the Company - Defined by Others

Key Customers

  Name Dir Percent Market Cap. P/E Ratio (TTM) Fwd P/E P/R Ratio (TTM) Fwd P/Rev Price To Tang. Book Value
Buyer
  Henry Schein, Inc. 10.00% 4,119.009 30.26 22.36 0.87 0.80 8.54

- Defined by the Company - Defined by Others

Key Partners

  Name Dir Percent Market Cap. P/E Ratio (TTM) Fwd P/E P/R Ratio (TTM) Fwd P/Rev Price To Tang. Book Value
Buyer
  Henry Schein, Inc. n/a 4,119.009 30.26 22.36 0.87 0.80 8.54
Target
  King Pharmaceuticals n/a 4,238.638 43.23 12.23 2.24 2.38 4.51
The Cleveland Clinic Foundation n/a n/a n/a n/a n/a n/a n/a

- Defined by the Company - Defined by Others

Financials

  Buyer Target Combined Entity
Income Statement
Operating Items
Revenue 676.4 462.5 1,138.9
Other Revenue 0.0 0.0 0.0
Total Revenue 676.4 462.5 1,138.9
Cost of Revenue 295.3 242.8 538.1
SG&A Expense 250.7 128.4 379.1
Depreciation & Amortization 5.6 0.0 5.6
Research & Development 0.0 28.2 28.2
Interest Expense 0.0 0.0 0.0
Other Operating Expense 0.0 0.0 0.0
Unusual Expense (Income) 0.1 0.3 0.4
Total Expenses 551.7 399.8 951.4
Operating Income 124.7 62.8 187.5
Non Operating Items
Interest Expense (Inc.), Net Non-Oprtng -20.4 2.1 -18.3
Other, Net 0.0 -0.7 -0.7
Income Before Taxes 104.3 64.1 168.4
Income Taxes 28.9 18.8 47.7
Income After Taxes 75.4 45.3 120.8
Net Income - Excl. Xord. Items 75.4 45.3 120.8
Net Income - Incl. Xord. Items 75.4 45.3 120.8
Income Avail. to Common 75.4 45.3 120.8
Share Items
Basic Avg. Shares Outstanding 40.5 44.7 85.2
Basic EPS - Excl. Xord. Items 1.87 1.02 1.42
Basic EPS - Incl. Xord. Items 1.87 1.02 1.42
Full Dilution Adjustment 0.0 0.0 0.0
Fully Diluted Shares Outstanding 42.0 45.3 87.3
F.D. EPS - Excl. Xord. Items 1.80 1.00 1.38
F.D. EPS - Incl. Xord. Items 1.80 1.00 1.38
Dividends Per Common Share 0.00 0.62 0.62
Balance Sheet
Assets
Cash and Equivalents 75.8 116.8 192.6
ST Investments 0.0 6.0 6.0
Accounts Receivable 116.8 90.7 207.6
Inventory 96.4 102.6 198.9
Prepayments and Advances 22.5 14.1 36.6
Other Current Assets 4.2 15.2 19.3
Current Assets 315.7 345.4 661.1
PPE 212.4 333.3 545.7
Accum D&A -125.9 -179.3 -305.2
PPE, Net 86.5 154.0 240.5
Goodwill & Intangibles 353.8 84.0 437.8
Other Assets 0.0 0.0 0.0
Other LT Assets 29.9 34.4 64.2
Total Assets 785.9 617.7 1,403.6
Liabilities
Accounts Payable 19.5 19.5 39.0
Payable/Accrued 0.0 0.0 0.0
Accrued Expenses 39.7 33.3 73.0
ST Debt 0.0 33.9 33.9
Curr Port of LTD & Cap Lease Oblg 0.1 1.0 1.1
Other (Current) Liabilities 34.2 10.2 44.4
Current Liab. 93.5 97.9 191.4
LT Debt 203.0 0.0 203.0
Total LT Debt 203.0 0.0 203.0
Deferred Taxes 22.4 8.1 30.5
Other LT Liab. 20.8 17.8 38.6
Total Liabilities 339.7 123.8 463.5
Shareholders Equity
Common Stock 0.4 45.7 46.1
Additional Paid in Capital 128.7 31.8 160.5
Retained Earnings 298.1 469.3 767.4
Treasure Stock 0.0 -53.7 -53.7
Other Equity 19.0 0.8 19.8
Total Equity 446.2 493.9 940.1
Total Liab. & Equity 785.9 617.7 1,403.6
Shares Outstanding 40.6 44.8 85.3
Cash Flow
Operating Cash Flow
CF Net Income 75.4 45.3 120.8
CF Depreciation 17.2 16.4 33.6
CF Amortization 5.6 5.5 11.2
CF Deferred Taxes 1.2 -5.3 -4.1
Other Non-Cash Items 15.1 23.9 39.0
Change in Working Capital -1.1 -17.4 -18.5
Total Cash From Operating Activities 113.5 68.5 181.9
Investing Cash Flow
Capital Expenditures -22.1 -29.4 -51.5
Other Investing Cash Flows -31.7 -6.9 -38.6
Total Cash From Investing Activities -53.8 -36.3 -90.1
Financing Cash Flow
Dividends Paid 0.0 -26.8 -26.8
Purchase Or Sale of Stock 6.9 5.0 11.9
Purchase and Retirement of Debt -27.7 5.0 -22.6
Other Financing Cash Flow -7.5 0.0 -7.5
Total Cash From Financing Activities -28.2 -16.8 -45.0
Exchange Rate Effects -3.2 -1.1 -4.3
Net Change in Cash 28.2 14.4 42.5
Cash Taxes Paid 25.4 14.3 39.7
Cash Interest Paid 18.0 0.8 18.9