Summary

Other Scenarios:

Buyer: Inamed Corporation (IMDC) Last Price: 90.90 Market Cap.: 3.33B
Target: Arrow International, Inc. (ARRO) Last Price: 31.86 Market Cap.: 1.42B

Lines of Business Summary:

Product Summary:

Overlap & Complementary Sectors

Sector Buyer Target # of Focused Companies
*Healthcare 859
Biopharmaceuticals   312
Medical Devices 246

- 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: 27)
  • BioEnterics Gastric Balloon Suction Catheter
  • BioEnterics Intragastric Balloon (BIB) System
  • BioEnterics Lap-Band VG System
  • BioEnterics Lap-Band System
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: 2)
  • Smith & Nephew plc (ADR) (SNN)
  • Immucor, Inc. (BLUD)
Target (Total: 2)
  • St. Jude Medical, Inc. (STJ)
  • QAD Inc. (QADI)
Buyer (Total: 0)

n/a
Target (Total: 0)

n/a

Key Financial Summary:

Metric Buyer Target
Number of Employees 1,200 3,700
Revenue Per Employee 351,630.0 123,195.9
Total Revenue 105.2 113.6
Total Expenses 85.6 96.5
Other Revenue 0.0 0.0
Cost of Revenue 29.2 57.5
SG&A Expense 45.9 32.6
Research & Development 9.1 6.5
Other Operating Expense 0.0 0.0
Operating Income 19.6 17.1
Unusual Income 0.0 0.0
Gross Margin % 72.24 49.41
Metric Buyer Target
Operating Margin % 18.63 15.05
Total Assets 609.0 605.8
Return on Equity % 11.93 9.88
Cash+ ST Inv. Per Share 4.84 2.56
Total Debt 8.8 30.2
Curr Portion of LTD/Cap Lease 0.0 1.0
Total Debt to Equity 1.76 6.25
LT Debt to Capital 0 0
Fwd P/E 40.58 23.94
Fwd P/Rev 7.54 2.88
Book Value 499.5 483.8

Individual Company Summary

Focused

Buyer

Focused (): *Healthcare > Medical Devices > Plastic/Reconstructive Surgery > Surgical > Procedure/Region Specific > Implants

Target

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

Business Description

Buyer

Inamed Corporation is a global healthcare company, which develops, manufactures and markets a diverse line of products that enhance the quality of people's lives. These products include breast implants for aesthetic augmentation and reconstructive surgery following a mastectomy, a range of dermal products to correct facial wrinkles, and the BioEnterics LAP-BAND System and BioEnterics Intragastric Balloon (BIB) systems used to treat severe and morbid obesity. The Company has three main product lines: breast aesthetics products and facial aesthetics products marketed under Inamed Aesthetics, and obesity intervention products marketed under Inamed Health.

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.
  
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.
  
Gastroenterology
The Gastroenterology Subsector includes medical devices that diagnosis and treat conditions affecting the stomach and intestinal tract.
  
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.
  
Plastic/Reconstructive Surgery
The Plastic/Reconstructive Surgery Subsector includes medical devices that treat and modify a patient's external appearance.
  
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
  
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
  
Gastroenterology  
Surgical  
General Procedure  
Minimally Invasive/Oral Percutaneous Rectal  
Instruments  
Manual Instruments
Devices that perform minimally invasive gastrointestinal surgery that do not require an electrical power source, including balloon inflators, dilators, biopsy forceps, polypectomy snares, injection needles, retrieval baskets/forceps and other similar items.

Buyer Products:

  • BioEnterics Gastric Balloon Suction Catheter
  • BioEnterics Intragastric Balloon (BIB) System
  
Procedure Specific  
Obesity
Instrumentation designed specifically to treat obesity either by electrical stimulation of the stomach or by physically reducing size of stomach.

Buyer Products:

  • BioEnterics Lap-Band VG System
  • BioEnterics Lap-Band System
  
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 Percutaneous
  • Arrow-Karlan
  • 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
  
Plastic/Reconstructive Surgery  
Surgical  
Procedure/Region Specific  
Implants  
Breast  
Augmentation/Reconstructive  
Combination
Implants consisting of a combination of saline and silicone.

Buyer Products:

  • McGhan Series
  
Saline
Implants composed of saline, a salt and water liquid.

Buyer Products:

  • McGhan Augmentation Series
  • McGhan BioCell Series
  • McGhan BioCurve Series
  • MicroCell Series
  • McGhan Style Series
  
Silicone
Implants composed of silicone gel filled in a silicone pouch.

Buyer Products:

  • Bio-Dimensional Cohesive Gel Matrix
  • McGhan Series
  
Tissue Expanders
Devices that create a pocket in the chest muscle for the breast implant to be placed inside.

Buyer Products:

  • McGhan BioSpan Series
  • McGhan Magna-Site Expanders
  
Facial  
Injectable  
Collagen-Based
Injectable implants composed of collagen, a protein fiber connective tissue.

Buyer Products:

  • CosmoDerm
  • CosmoPlast
  • Zyderm
  • Zyplast
  
Maxillofacial
Pertaining to the upper jaw bone, takes part in the formation of the orbit, hard palate, and nasal cavity.

Buyer Products:

  • McGhan Spectrum Series
  • Versafil CUI Tissue Expanders
  
Skin Grafts  
Instruments  
Tissue Expanders
Devices used to create additional matching skin to repair damage caused by birth defects, burns, injuries, infections, tumors, and disease.

Buyer Products:

  • McGhan Standard Tissue Expanders
  • McGhan Versafil Tissue Expanders
  
Treatment  
Post Surgical Treatment  
Compression
Specialized bras or prosthesis devices designed to provide support and immobilize body parts after surgery.

Buyer Products:

  • McGhan Marena Compression Wear
  
Wrinkle Removal  
Hyaluronic Acid  
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
Incontinence  
Unisex  
Implants
Devices designed to inhibit urine flow by narrowing the bladder neck or nearby urine passageways.

Buyer Products:

  • Contigen
  
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
  Johnson & Johnson n/a 180,260.504 17.37 16.35 3.57 3.38 7.02
Allergan, Inc. n/a 15,289.217 37.35 32.31 6.59 6.28 10.78
Mentor Corporation n/a 2,018.475 33.18 31.38 4.02 4.11 10.09
Medicis Pharmaceutical Corporation n/a 1,756.707 17.80 27.30 4.88 4.87 7.31
Q-Med, Inc. n/a 165.079 42.49 49.16 7.45 3.92 6.59
Dialysis Corp. of America n/a 120.600 57.94 46.46 2.66 1.82 n/a
Isolagen, Inc. n/a 64.152 n/a -2.08 7.26 6.23 35.90
Silimed, Inc. n/a n/a n/a n/a n/a n/a n/a
Laboratories Sebbin, L.P.I. n/a n/a n/a n/a n/a n/a n/a
Poly Implant Prostheses n/a n/a n/a n/a n/a n/a n/a
Nagor n/a n/a n/a n/a n/a n/a n/a
Helioscopie n/a n/a n/a n/a n/a n/a n/a
Target
  Edwards Lifesciences Corp n/a 2,549.685 32.41 21.24 2.56 2.41 11.88
ev3 Inc. n/a 973.913 n/a -22.14 7.28 4.68 7.81
Datascope Corporation n/a 573.629 34.34 23.16 1.55 1.50 2.43
Merit Medical Systems, Inc. n/a 358.902 22.58 20.58 2.15 1.91 2.92
AngioDynamics, Inc. n/a 327.365 57.20 47.27 4.82 4.14 6.40
DURECT Corporation n/a 319.701 n/a -14.02 11.19 11.24 8.78
ABIOMED, Inc. n/a 309.488 n/a -19.22 7.61 7.70 7.47
Delcath Systems, Inc. n/a 70.890 n/a n/a n/a n/a 9.05
Neoprobe Corporation n/a 16.121 n/a -2.90 2.80 2.74 5.21

- 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
  Smith & Nephew plc (ADR) n/a 8,736.645 27.07 20.59 3.60 3.30 10.75
Immucor, Inc. n/a 1,254.680 40.76 35.02 7.54 7.08 15.46
Target
  St. Jude Medical, Inc. 1.50% 16,333.285 41.00 26.48 5.60 4.77 24.17
QAD Inc. n/a 247.154 11.98 19.25 1.10 1.02 4.36

- 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

- 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
  Genzyme Corporation n/a 17,257.884 38.50 24.90 6.31 5.51 8.33
Smith & Nephew plc (ADR) n/a 8,736.645 27.07 20.59 3.60 3.30 10.75
C.R. Bard, Inc. n/a 7,095.943 21.19 20.15 4.01 3.74 7.51
Immucor, Inc. n/a 1,254.680 40.76 35.02 7.54 7.08 15.46
Target
  King Pharmaceuticals n/a 4,669.725 39.82 13.57 2.63 2.68 5.28
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 429.0 455.2 884.2
Other Revenue 0.0 0.0 0.0
Total Revenue 429.0 455.2 884.2
Cost of Revenue 117.2 241.6 358.8
SG&A Expense 180.5 132.1 312.6
Depreciation & Amortization 5.3 0.0 5.3
Research & Development 39.7 28.2 67.9
Interest Expense 0.0 0.0 0.0
Other Operating Expense 0.0 0.0 0.0
Unusual Expense (Income) -0.7 1.5 0.8
Total Expenses 342.0 403.5 745.5
Operating Income 87.0 51.7 138.7
Non Operating Items
Interest Expense (Inc.), Net Non-Oprtng 1.6 1.4 3.0
Other, Net 4.1 -0.5 3.6
Income Before Taxes 92.7 52.7 145.4
Income Taxes 24.5 14.6 39.1
Income After Taxes 68.2 38.1 106.3
Net Income - Excl. Xord. Items 68.2 38.1 106.3
Net Income - Incl. Xord. Items 68.2 38.1 106.3
Income Avail. to Common 68.2 38.1 106.3
Share Items
Basic Avg. Shares Outstanding 36.3 44.6 80.9
Basic EPS - Excl. Xord. Items 1.89 0.85 1.31
Basic EPS - Incl. Xord. Items 1.89 0.85 1.31
Full Dilution Adjustment 0.0 0.0 0.0
Fully Diluted Shares Outstanding 36.8 45.2 82.0
F.D. EPS - Excl. Xord. Items 1.87 0.84 1.30
F.D. EPS - Incl. Xord. Items 1.87 0.84 1.30
Dividends Per Common Share 0.00 0.60 0.60
Balance Sheet
Assets
Cash and Equivalents 115.5 115.5 231.0
ST Investments 62.7 0.0 62.7
Accounts Receivable 76.6 90.5 167.1
Inventory 61.1 99.8 160.9
Prepayments and Advances 15.4 11.2 26.6
Other Current Assets 10.4 16.1 26.5
Current Assets 341.7 333.1 674.8
PPE 0.0 324.4 324.4
Accum D&A 0.0 -174.1 -174.1
PPE, Net 60.7 150.3 211.0
Goodwill & Intangibles 184.2 85.1 269.3
Other Assets 0.0 0.0 0.0
Other LT Assets 22.4 37.3 59.7
Total Assets 609.0 605.8 1,214.8
Liabilities
Accounts Payable 30.9 17.8 48.7
Payable/Accrued 0.0 0.0 0.0
Accrued Expenses 0.0 34.6 34.6
ST Debt 8.8 29.2 38.0
Curr Port of LTD & Cap Lease Oblg 0.0 1.0 1.0
Other (Current) Liabilities 52.5 12.4 64.9
Current Liab. 92.2 95.0 187.2
LT Debt 0.0 0.0 0.0
Total LT Debt 0.0 0.0 0.0
Deferred Taxes 0.0 9.2 9.2
Other LT Liab. 17.3 17.9 35.2
Total Liabilities 109.5 122.1 231.6
Shareholders Equity
Common Stock 0.4 45.7 46.1
Additional Paid in Capital 265.3 29.3 294.6
Retained Earnings 241.2 464.3 705.5
Treasure Stock 0.0 -54.3 -54.3
Other Equity -7.4 -1.2 -8.6
Total Equity 499.5 483.8 983.3
Total Liab. & Equity 609.0 605.8 1,214.8
Shares Outstanding 36.4 44.7 81.1
Cash Flow
Operating Cash Flow
CF Net Income 54.4 38.1 92.5
CF Depreciation 11.3 16.0 27.3
CF Amortization 0.0 5.5 5.5
CF Deferred Taxes 7.9 -1.0 6.9
Other Non-Cash Items 6.9 31.5 38.4
Change in Working Capital -4.6 -20.0 -24.6
Total Cash From Operating Activities 73.1 70.1 143.2
Investing Cash Flow
Capital Expenditures -10.5 -32.3 -42.8
Other Investing Cash Flows -15.6 -5.7 -21.3
Total Cash From Investing Activities -26.1 -38.0 -64.1
Financing Cash Flow
Dividends Paid 0.0 -24.0 -24.0
Purchase Or Sale of Stock 10.6 12.8 23.4
Purchase and Retirement of Debt -8.8 0.9 -7.9
Other Financing Cash Flow 0.0 0.2 0.2
Total Cash From Financing Activities 1.8 -10.1 -8.3
Exchange Rate Effects 0.7 -1.7 -1.0
Net Change in Cash 49.5 20.3 69.8
Cash Taxes Paid 7.2 14.3 21.5
Cash Interest Paid 0.7 0.8 1.5