Summary

Other Scenarios:

Buyer: Dade Behring Holdings, Inc. (DADE) Last Price: 76.98 Market Cap.: 6.19B
Target: Arrow International, Inc. (ARRO) Last Price: 45.48 Market Cap.: 2.06B

Lines of Business Summary:

Product Summary:

Overlap & Complementary Sectors

Sector Buyer Target # of Focused Companies
Healthcare 935
Biopharmaceuticals   378
Medical Devices 257
Technology   1,045
Software   314

- 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: 53)
  • BN II
  • TurbiTimer
  • BN ProSpec
  • Stratus CS STAT Acute Care Analyzer
Target (Total: 86)
  • FlexTip Plus/TheraCath Epidural Kit
  • Epidural Needle Series
  • 7cc Luer Slip Loss of Resistance Syringe
  • Single Shot Epidural Anesthesia Kit
Buyer
  • DB Net Information Management System
  • EasyLink Informatics System
  • MicroScan LabPro
  • SpecTrack
Target
  • ChloraPrep

Business Relationship Summary:

Top Key Suppliers

Top Key Customers
Buyer (Total: 8)
  • Clinical Data, Inc. (CLDA)
  • BroadVision, Inc. (BVSN)
  • Mission West Properties, Inc. (MSW)
  • Intelligroup, Inc. (ITIG)
Target (Total: 3)
  • Kilroy Realty Corporation (KRC)
  • QAD Inc. (QADI)
  • Enturia, Inc.
Buyer (Total: 6)
  • Hemosense, Inc. (HEM)
  • Healthcare Technologies, Ltd. (HCTL)
  • MedAssets, Inc.
  • Novation, LLC
Target (Total: 0)

n/a

Key Financial Summary:

Key Metrics

  Buyer Target
Number of Employees 6,400 4,000
Revenue Per Employee 297,502.6 130,854.5
Total Revenue 474.7 130.5
Total Expenses 417.4 108.4
Other Revenue 0.0 0.0
Cost of Revenue 222.8 64.4
SG&A Expense 155.0 35.8
Research & Development 40.8 7.0
Other Operating Expense 0.0 0.0
Operating Income 57.3 22.1
Unusual Income -1.2 1.2
LT Debt to Capital 40.74 0
Fwd P/E n/a n/a
Fwd P/Rev n/a n/a
Book Value 836.5 556.3
Curr Portion of LTD/Cap Lease 0.0 1.0

Individual Company Summary

Focused

Buyer

Focused (): Healthcare > Medical Devices > Clinical Diagnostics

Target

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

Business Description

Buyer

Dade Behring Holdings, Inc. is a manufacturer and distributor of diagnostic products and services to clinical laboratories. Its diagnostic products and services include medical diagnostic instruments, reagents and consumables, and maintenance services. It focuses on core businesses, which are chemistry, hemostasis, microbiology and infectious disease diagnostics. The chemistry business consists of four product lines: routine chemistry/immunochemistry, cardiac, plasma proteins and drugs of abuse testing/therapeutic drug monitoring. In the hemostasis market, it offers instruments that perform both routine and specialty tests in hospitals and reference lab. It serves the automated and manual identification/antibiotic susceptibility testing microbiology market with its MicroScan products. In the infectious disease diagnostics market, it offers the microtitre plate, a testing method for blood banks, large hospitals and laboratories. In November 2007, Siemens AG acquired Dade Behring.

Target

Arrow International, Inc. (Arrow) 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. In October 2007, Teleflex Incorporated completed the acquisition of Arrow.

Deal Summary

Key Ratios

  Buyer Target
Gross Margin % 54.23 50.38
Operating Margin % 13.12 17.71
Quick Ratio 1.19 2.01
Current Ratio 2.08 3.02
Coverage Ratio -0.15 0.05
Total Assets 2,021.2 726.2
Return on Equity % 17.61 10.98
Return on Assets % 7.29 8.41
Cash+ ST Inv. Per Share 0.99 3.79
Total Debt 587.8 64.9
Total Debt to Equity % 70.27 11.67
Total Debt to Tangible Equity % 171.72 13.73
Debt to Asset % 29.08 8.94

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.
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.
  
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.
  
Technology  
Software  
Industry-Specific
Software that has functionality specific to a vertical industry.
  

- 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:

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

Target Products:

  • StimuCath
  • StimuQuick
  
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:

  • Wedge Pressure Products
  • VitaCuff 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:

  • HemoSonic 100
  • Cardiac Output Computer
  
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:

  • QuadPolar Electrode Catheter Series
  • Decapolar/Hexapolar Electrode Catheters Series
  
Pacing Catheters
Catheter that is capable of regulating the electrical stimulation rhythm of the heart.

Target Products:

  • Multi-Polar Electrode Catheter Series
  • HANDS-OFF Balloon Pacing Catheter
  • Bipolar Pacing Catheter
  • Balloon Pacing Catheter Series
  • QuadPolar Electrode Catheter Series
  
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:

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

Target Products:

  • KAAT II Plus
  • AutoCAT 2 Series
  • ACAT 1 Plus
  • TransAct
  
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
  
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
Chemistry  
Analyzers  
Protein  
Nephelometry
Chemistry analyzers designed to qualitatively and quantitatively measure human protein in body fluids using turbiometric analysis.

Buyer Products:

  • BN II
  • TurbiTimer
  • BN ProSpec
  
Point of Care Testing  
Critical Care Analysis  
Analyzers
Chemistry analyzers which may be used for the chemical analysis of body fluids and designed for use at the bedside during the course of patient care.

Buyer Products:

  • Stratus CS STAT Acute Care Analyzer
  
Reagents  
Calibrators  
Routine Analyte  
Single
Calibrators which contain a specific analyte used to establish the accuracy of chemistry analyzers.

Buyer Products:

  • Cardiac Controls-Calibrators
  
Controls  
Routine
Controls used to test the accuracy of discrete chemistry test systems.

Buyer Products:

  • Cardiac Controls-Calibrators
  
Test Kits  
Proteins  
Apolipoproteins/Lipoproteins
Lipoproteins and apolipoproteins are useful in measuring risk of cardiac disease.

Buyer Products:

  • Turbiquant Assays
  • Cardiac Assays
  
Immunoglobulins
Tests designed to measure various types of Immunoglobulins.

Buyer Products:

  • RapiTex
  • Turbiquant Assays
  • Partigen Series
  
Prealbumin
Tests to measure prealbumin.

Buyer Products:

  • Turbiquant Assays
  
Hemostasis/Coagulation  
Analyzers  
Automated
Automated coagulation analyzers.

Buyer Products:

  • BCT System
  • Sysmex CA Series
  • BCS Series
  • PFA-100
  
Semi Automated
Semi-automated coagulation analyzers which perform a limited number of routine coagulation assays.

Buyer Products:

  • BFT II Analyzer
  
Reagents  
Controls
Control reagents used to verify the function and test reliability coagulation analyzers or assay systems.

Buyer Products:

  • Heparin Calibrator And Controls
  
Test Kits  
Antithrombin-III
Test kits used to assay for antithrombin-III.

Buyer Products:

  • Turbiquant Assays
  
D-Dimer
Test kits used to assay for D-Dimer, a component of fibrin (clot) degradation..

Buyer Products:

  • Stratus CS Acute Care D-Dimer Assay
  • Turbiquant Assays
  
Fibrinogen
Reagents used to perform fibrinogen assays.

Buyer Products:

  • Turbiquant Assays
  
Protein-C
Test kits used to assay for Protein C.

Buyer Products:

  • Turbiquant Assays
  
Prothrombin Time
Reagents used to perform prothrombin time assays.

Buyer Products:

  • Enzygnost Assay
  
Immunoassays  
Analyzers  
Accessories
Reagents and equipment used to facilitate immunoassay testing.

Buyer Products:

  • Dimension LYNX
  • Dimension StreamLAB Analytical Workcell
  
Infectious Disease
Immunoassay analyzers designed to test for agents of infectious disease.

Buyer Products:

  • Quadriga
  
Multiple Assay
Immunoassay analyzer designed to perform multiple assays over multiple modalities.

Buyer Products:

  • Dimension Xpand Plus / Xpand Plus w/HM
  • Dimension Vista 1500
  • Microalbumin On Dimension Clinical Chemistry Systems
  • Dimension RxL Max/RxL Max w/HM
  • Syva ETS System
  • Dimension AR
  
Therapeutic Drugs
Immunoassay analyzers designed to test for therapeutic drug levels.

Buyer Products:

  • Dade Behring Viva Drug Testing System
  
Toxicology/Abuse Drugs
Immunoassay analyzers designed to perform toxicology studies in a clinical setting.

Buyer Products:

  • Dade Behring Viva Drug Testing System
  
Reagents  
Calibrators  
Therapeutic Drugs
Calibrators used in the measurement of therapeutic drugs.

Buyer Products:

  • Emit Calibrators
  
Controls  
Therapeutic Drugs
Controls which contain known concentrations of specific therapeutic drugs used to verify the performance of therapeutic drug testing systems.

Buyer Products:

  • Emit Controls
  
Test Kits  
Autoimmune  
Rheumatoid Factors (RF)
Immunoassay test kits which quantitatively measure rheumatoid arthritis antibodies in plasma or serum.

Buyer Products:

  • RapiTex
  • Turbiquant Assays
  
Special/Immuno Chemistry  
Anemia  
Transferrin
Immunoassay test kit which quantitatively measures transferrin in plasma or serum.

Buyer Products:

  • Turbiquant Assays
  
Cancer Marker  
PSA/Prostate Specific Protein
Immunoassay test kits which quantitatively measures for prostate specific antigen or prostate specific protein in plasma or serum.

Buyer Products:

  • TPSA Flex Reagent Cartridge
  • Dimension PSA Flex Reagent Cartridge
  
Cardiac  
Acute Coronary Syndromes
Assays that screen, diagnose or monitor acute coronary syndromes (ACS) by detecting various markers present in the blood after an episode.

Buyer Products:

  • CardioPhase hsCRP
  
Myocardial Infarction/Heart Failure  
B-Type Natriuretic Peptide (BNP)
Immunoassay test kits which quantitatively measure B-type natriuretic peptide in plasma or serum.

Buyer Products:

  • NT-proBNP
  
CK-MB
Immunoassay test kits which quantitatively measure creatinine kinase-MB fraction in plasma or serum.

Buyer Products:

  • Cardiac Assays
  
Myoglobin
Immunoassay test kits which quantitatively measure for myoglobin in plasma or serum.

Buyer Products:

  • Turbiquant Assays
  • RapiTex
  
Troponin
Immunoassay test kits which quantitatively measure for troponin in plasma or serum.

Buyer Products:

  • Stratus CS Cardiac Troponin I
  • Cardiac Assays
  
Fertility/Reproduction  
B-hCG
Immunoassay test kits which quantitatively measures beta hCG, human chorionic gonadotrophin, in plasma or serum.

Buyer Products:

  • RapiTex
  
General Immunodiagnostics  
C Reactive Protein
Immunoassay test kits which test for non specific disease states by testing for C-reactive protein.

Buyer Products:

  • Cardiac Assays
  • CardioPhase hsCRP
  
Therapeutic Drugs
Immunoassay test kits which quantitatively measure for therapeutic drugs in serum or urine using automated instrumentation..

Buyer Products:

  • Cardiac Assays
  • Cyclosporine Extended Range Test
  
Toxicology/Abuse Drugs  
Multiple Drug Kit
Immunoassay test kits which measure for more than one drug of abuse in body fluids.

Buyer Products:

  • Syva RapidTest
  • Syva Perfect
  • Syva Emit d.a.u.
  • Syva Emit II Plus
  • Syva V-Twin Drug Testing System
  
Microbiology  
Culture and Sensitivity  
Identification/Manual  
Reagents  
General Biochemical Tests
Reagents used in the chemical identification of bacteria.

Buyer Products:

  • Rapid Panels
  • Chromogenic Panels
  
Identification Confirmation  
Bacterial  
Haemophilus influenzae
Test kits used to identify Haemophilus influenzae bacteria in a culture source.

Buyer Products:

  • Chromogenic Panels
  • MicroStrep Plus Panel
  
Neisseria
Test kits used to identify Niesseria bacteria in a culture source.

Buyer Products:

  • Chromogenic Panels
  
Streptococcus
Test kits used to identify Streptococcus bacteria in a culture source.

Buyer Products:

  • MicroStrep Plus Panel
  
Sensitivity Products
Reagents and systems which aid in determining an organism's sensitivity to antibiotics.

Buyer Products:

  • Synergies Plus Panel
  • Dried Conventional Panels
  • MicroScan Series
  • Extended-Spectrum Beta Lactamases (ESBL) Panels
  
Identification/Sensitivity Systems  
Routine Culture
Systems designed to monitor clinical cultures in a controlled environment.

Buyer Products:

  • Extended-Spectrum Beta Lactamases (ESBL) Panels
  • WalkAway Series
  • autoSCAN Series
  
Specimen Collection  
Blood  
Arterial  
ABG Collection Kits
Collection devices used to collect arterial blood samples.

Target Products:

  • QuickFlash Kits
  • Arterial/Venous Catheterization Kits
  • Femoral Artery Catheterization Set
  
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
  
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:

  • Arrow Simplicity Micro-Puncture Introducer Set
  • Raulerson Syringe
  
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:

  • Super Arrow-Flex
  • Peripherally Inserted Midline Catheter Kit Series
  • EID/Peripheral EID Catheter Kit
  • Arrow-Howes
  • Single-Lumen ARROWgard Blue
  • 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:

  • TwinCath Two-Lumen Peripheral Catheter
  • Rapid Infusion Catheter (RIC)
  
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:

  • Blue FlexTip Catheter/Port Systems
  • A/A2-Port Series
  • Low Profile Port/B-Port
  
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
  
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-Karlan
  • Arrow Percutaneous
  • Laparoscopic Cholangiography Balloon Catheter
  
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:

  • Pressure Injectable PICC Kit
  • 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:

  • Arrow Simplicity Micro-Puncture Introducer Set
  • Percutaneous Sheath Introducer
  • Super Arrow-Flex Sheath Introducer Series
  
Technology  
Software  
Industry-Specific  
Healthcare/Pharma  
Drug Development  
Laboratory Information Systems
Software systems designed to handle the general information management needs of a laboratory.

Buyer Products:

  • DB Net Information Management System
  • EasyLink Informatics System
  • MicroScan LabPro
  • SpecTrack
  

- 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
  Johnson & Johnson n/a 186,471.629 17.98 15.68 3.17 3.05 13.26
Roche Holding Ltd. (ADR) n/a 146,204.344 19.43 17.88 3.81 3.78 5.70
Siemens AG (ADR) n/a 137,063.858 22.26 24.09 1.20 1.32 9.66
Abbott Laboratories n/a 83,630.121 43.40 19.05 3.36 3.26 979.34
Becton, Dickinson and Co. n/a 19,824.009 22.50 18.92 3.12 2.86 n/a
Nanosphere, Inc. n/a 5,455.327 0.00 n/a 4,125.00 n/a n/a
Beckman Coulter, Inc. n/a 4,371.054 19.10 21.94 1.63 1.61 12.56
Inverness Medical Innovations, Inc. n/a 3,270.535 0.00 57.14 4.62 4.08 n/a
OraSure Technologies, Inc. n/a 415.371 119.62 175.80 5.15 4.96 3.15
Trinity Biotech plc (ADR) n/a 171.919 24.03 22.89 1.22 1.15 3.49
Accelr8 Technology Corporation n/a 38.388 0.00 n/a 209.59 n/a 27.26
bioMerieux SA n/a n/a n/a n/a n/a n/a n/a
Target
  Edwards Lifesciences Corp n/a 2,858.147 24.24 24.09 2.69 2.68 7.54
Datascope Corporation n/a 526.574 21.30 n/a 1.39 n/a 2.12
AngioDynamics, Inc. n/a 461.459 0.00 33.47 3.56 2.68 3.36
ABIOMED, Inc. n/a 394.508 0.00 -15.08 7.63 6.27 4.72
Merit Medical Systems, Inc. n/a 368.598 26.50 25.29 1.80 1.75 2.58
DURECT Corporation n/a 350.266 0.00 -12.80 11.86 12.15 14.75
Delcath Systems, Inc. n/a 26.546 0.00 n/a n/a n/a 3.73

- 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
  Clinical Data, Inc. n/a 512.219 0.00 n/a 8.52 n/a 30.37
BroadVision, Inc. n/a 238.867 12.96 n/a 4.61 n/a 7.25
Mission West Properties, Inc. n/a 221.147 9.80 10.17 1.39 n/a 1.66
Intelligroup, Inc. n/a 113.748 0.00 n/a 0.82 n/a 3.85
Competitive Technologies, Inc. n/a 18.242 0.00 n/a 4.38 n/a 2.40
Premier, Inc. n/a n/a n/a n/a n/a n/a n/a
Sysmex Corporation n/a n/a n/a n/a n/a n/a n/a
Immunalysis Corporation n/a n/a n/a n/a n/a n/a n/a
Target
  Kilroy Realty Corporation n/a 1,919.098 40.16 18.51 7.38 7.22 2.99
QAD Inc. n/a 265.404 70.65 50.47 1.08 1.05 6.74
Enturia, Inc. n/a n/a n/a n/a n/a n/a n/a

- 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
  Hemosense, Inc. n/a 232.495 0.00 n/a 8.26 n/a 17.83
Healthcare Technologies, Ltd. n/a 7.014 0.00 n/a 0.50 n/a n/a
MedAssets, Inc. n/a n/a n/a n/a n/a n/a n/a
Novation, LLC n/a n/a n/a n/a n/a n/a n/a
University Health System Consortium n/a n/a n/a n/a n/a n/a n/a
Premier, Inc. n/a n/a n/a n/a n/a n/a n/a

- 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
  Beckman Coulter, Inc. n/a 4,371.054 19.10 21.94 1.63 1.61 12.56
Illumina, Inc. n/a 3,000.316 0.00 69.00 9.54 8.48 80.42
Clinical Data, Inc. n/a 512.219 0.00 n/a 8.52 n/a 30.37
Hemosense, Inc. n/a 232.495 0.00 n/a 8.26 n/a 17.83
Competitive Technologies, Inc. n/a 18.242 0.00 n/a 4.38 n/a 2.40
Healthcare Technologies, Ltd. n/a 7.014 0.00 n/a 0.50 n/a n/a
Euro-Diagnostica BV n/a n/a n/a n/a n/a n/a n/a
Olympus Corporation n/a n/a n/a n/a n/a n/a n/a
Premier, Inc. n/a n/a n/a n/a n/a n/a n/a
Sysmex Corporation n/a n/a n/a n/a n/a n/a n/a
Immunalysis Corporation n/a n/a n/a n/a n/a n/a n/a
Target
  King Pharmaceuticals, Inc. n/a 2,683.672 15.15 6.24 1.27 1.32 1.79
Enturia, Inc. n/a n/a n/a n/a n/a n/a n/a
The Cleveland Clinic Foundation n/a n/a n/a n/a n/a n/a n/a
Kimal PLC 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 1,870.1 508.0 2,378.1
Other Revenue 0.0 0.0 0.0
Total Revenue 1,870.1 508.0 2,378.1
Cost of Revenue 856.0 252.1 1,108.1
SG&A Expense 589.3 136.9 726.2
Depreciation & Amortization 0.0 0.0 0.0
Research & Development 160.4 27.2 187.6
Interest Expense 0.0 0.0 0.0
Other Operating Expense 0.0 0.0 0.0
Unusual Expense (Income) 19.1 1.8 20.9
Total Expenses 1,624.8 418.0 2,042.8
Operating Income 245.3 90.0 335.3
Non Operating Items
Interest Expense (Inc.), Net Non-Oprtng -36.8 4.7 -32.1
Other, Net -3.2 -1.6 -4.8
Income Before Taxes 205.3 93.1 298.4
Income Taxes 58.0 32.0 90.0
Income After Taxes 147.3 61.1 208.4
Net Income - Excl. Xord. Items 147.3 61.1 208.4
Net Income - Incl. Xord. Items 147.3 61.1 208.4
Income Avail. to Common 147.3 61.1 208.4
Share Items
Basic Avg. Shares Outstanding 80.3 45.2 125.5
Basic EPS - Excl. Xord. Items 1.83 1.35 1.66
Basic EPS - Incl. Xord. Items 1.83 1.35 1.66
Full Dilution Adjustment 0.0 0.0 0.0
Fully Diluted Shares Outstanding 83.4 45.7 129.1
F.D. EPS - Excl. Xord. Items 1.77 1.34 1.61
F.D. EPS - Incl. Xord. Items 1.77 1.34 1.61
Dividends Per Common Share 0.15 0.76 0.91
Balance Sheet
Assets
Cash and Equivalents 82.2 160.2 242.4
ST Investments 0.0 13.2 13.2
Accounts Receivable 394.4 104.8 499.2
Inventory 248.2 114.0 362.2
Prepayments and Advances 20.3 13.5 33.8
Other Current Assets 84.1 12.5 96.6
Current Assets 829.2 418.1 1,247.3
PPE 0.0 382.7 382.7
Accum D&A 0.0 -201.6 -201.6
PPE, Net 507.7 181.1 688.8
Goodwill & Intangibles 494.2 83.8 578.0
Other Assets 0.0 0.0 0.0
Other LT Assets 190.1 43.3 233.4
Total Assets 2,021.2 726.2 2,747.4
Liabilities
Accounts Payable 80.2 19.0 99.2
Payable/Accrued 0.0 0.0 0.0
Accrued Expenses 306.4 38.8 345.2
ST Debt 12.8 63.9 76.7
Curr Port of LTD & Cap Lease Oblg 0.0 1.0 1.0
Other (Current) Liabilities 0.0 15.7 15.7
Current Liab. 399.4 138.4 537.8
LT Debt 575.0 0.0 575.0
Total LT Debt 575.0 0.0 575.0
Deferred Taxes 29.6 11.4 41.0
Other LT Liab. 180.7 20.2 200.9
Total Liabilities 1,184.7 169.9 1,354.6
Shareholders Equity
Common Stock 0.8 45.7 46.5
Additional Paid in Capital 349.0 45.0 394.0
Retained Earnings 414.9 502.4 917.3
Treasure Stock 0.0 -50.7 -50.7
Other Equity 71.8 13.9 85.7
Total Equity 836.5 556.3 1,392.8
Total Liab. & Equity 2,021.2 726.2 2,747.4
Shares Outstanding 80.4 45.3 125.7
Cash Flow
Operating Cash Flow
CF Net Income 147.3 61.1 208.4
CF Depreciation 185.0 20.7 205.7
CF Amortization 0.0 7.7 7.7
CF Deferred Taxes 26.4 0.5 26.9
Other Non-Cash Items 47.3 7.7 55.0
Change in Working Capital -41.6 -7.9 -49.5
Total Cash From Operating Activities 364.4 89.8 454.2
Investing Cash Flow (not calculated)
Capital Expenditures -171.2 -31.2 -202.4
Other Investing Cash Flows -7.6 -14.9 -22.5
Total Cash From Investing Activities -178.8 -46.1 -224.9
Financing Cash Flow (not calculated)
Dividends Paid -16.4 -32.4 -48.8
Purchase Or Sale of Stock -295.2 7.4 -287.8
Purchase and Retirement of Debt -10.1 9.0 -1.1
Other Financing Cash Flow 18.7 0.2 18.9
Total Cash From Financing Activities -130.0 -15.8 -145.8
Exchange Rate Effects 1.8 1.4 3.2
Net Change in Cash 57.4 29.4 86.8
Cash Taxes Paid 18.6 32.3 50.9
Cash Interest Paid 27.0 0.8 27.8