Summary

Other Scenarios:

Buyer: Arrow International, Inc. (ARRO) Last Price: 32.86 Market Cap.: 1.48B
Target: Ventana Medical Systems, Inc. (VMSI) Last Price: 43.10 Market Cap.: 1.45B

Lines of Business Summary:

Product Summary:

Overlap & Complementary Sectors

Sector Buyer Target # of Focused Companies
*Healthcare 867
Biopharmaceuticals   330
Healthcare Services   156
Medical Devices 244

- 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: 86)
  • FlexTip Plus/TheraCath Epidural Kit
  • Epidural Needle Series
  • 7cc Luer Slip Loss of Resistance Syringe
  • Single Shot Epidural Anesthesia Kit
Target (Total: 25)
  • Ventana Image Analysis System (VIAS)
  • SYMPHONY System
  • EBAR SLS Slide Labeling System
  • Discovery XT System
Buyer
  • ChloraPrep
Target
  • Quantitative Diagnostics Laboratories, Inc. (QDL)

Business Relationship Summary:

Top Key Suppliers

Top Key Customers
Buyer (Total: 2)
  • QAD Inc. (QADI)
  • Enturia, Inc.
Target (Total: 0)

n/a
Buyer (Total: 0)

n/a
Target (Total: 5)
  • Healthcare Technologies (HCTL)
  • Memorial Sloan-Kettering Cancer Center
  • University Of Texas, M.D. Anderson Cancer Center
  • Mayo Foundation for Medical Education and Research

Key Financial Summary:

Key Metrics

  Buyer Target
Number of Employees 4,000 952
Revenue Per Employee 125,813.7 279,088.8
Total Revenue 125.5 66.1
Total Expenses 103.9 49.9
Other Revenue 0.0 0.0
Cost of Revenue 62.1 17.1
SG&A Expense 34.4 23.9
Research & Development 7.1 8.3
Other Operating Expense 0.0 0.0
Operating Income 21.5 16.2
Unusual Income 0.3 0.0
LT Debt to Capital 0 0.96
Fwd P/E 23.64 35.04
Fwd P/Rev 2.86 5.09
Book Value 545.4 213.8
Curr Portion of LTD/Cap Lease 73.0 0.0

Individual Company Summary

Focused

Buyer

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

Target

Focused (): *Healthcare > Medical Devices > Clinical Diagnostics > Histology

Business Description

Buyer

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.

Target

Ventana Medical Systems, Inc. (Ventana) develops, manufactures and markets instrument-reagent systems that automate slide staining in anatomical pathology and drug discovery laboratories worldwide. The Company's clinical systems are used in anatomical pathology labs in analyzing human tissue to assist in the diagnosis and treatment of cancer and infectious diseases. Its drug discovery systems are used by pharmaceutical and biotechnology companies to accelerate the discovery of drug targets and to evaluate the safety of drug compounds. Ventana also markets consumable products, including reagents and other accessories, required to operate its instruments. The Company's customers include hospital-based anatomical pathology labs, independent reference labs, the drug discovery labs of pharmaceutical companies, biotechnology companies, government labs, medical research centers and resellers serving these entities.

Deal Summary

Key Ratios

  Buyer Target
Gross Margin % 49.82 75.6
Operating Margin % 17.44 18.98
Quick Ratio 1.94 2.83
Current Ratio 2.9 3.34
Coverage Ratio 0.05 0
Total Assets 719.9 268.6
Return on Equity % 11.09 14.77
Return on Assets % 8.4 11.76
Cash+ ST Inv. Per Share 3.79 2.75
Total Debt 142.0 2.1
Total Debt to Equity % 26.04 0.97
Total Debt to Tangible Equity % 26.04 1.03
Debt to Asset % 19.72 0.77

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.
  
Healthcare Services  
Patient Care
The Patient Care Subsector is comprised of companies that provide services to patients for the diagnosis, treatment, and/or prevention of diseases and injuries.
  
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.
  

- 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.

Buyer 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.

Buyer Products:

  • ChloraPrep
  
Healthcare Services  
Patient Care  
Ambulatory/Outpatient  
Diagnostic  
Laboratory  
Pathology
Similar to routine clinical lab services, pathology services are provided by licensed medical physicians and therefore may involve the additional role of diagnosis and consultation of results with the referring physician.

Target Products:

  • Quantitative Diagnostics Laboratories, Inc. (QDL)
  
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.

Buyer 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.

Buyer 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.

Buyer 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.

Buyer 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.

Buyer Products:

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

Buyer 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.

Buyer 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.

Buyer 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.

Buyer 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.

Buyer 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.

Buyer 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.

Buyer 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.

Buyer Products:

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

Buyer Products:

  • Arrow-Fischell Pullback Atherectomy Catheter
  
Clinical Diagnostics
Histology  
Imaging Systems  
Cytopathology
Systems designed to enhance microscopic visualization of human cells through camera, video or digital viewing processes.

Target Products:

  • Ventana Image Analysis System (VIAS)
  • SYMPHONY System
  
Processing Equipment  
Slide Labeling
Automated microscope slide labeling system.

Target Products:

  • EBAR SLS Slide Labeling System
  
Slide Stainer  
Immunohistochemistry (IHC)
Automated or semi-automated equipment designed to stain histology slides with specialized immunologically reactive stains that facilitate recognition of cellular morphology and/or diagnosis of cellular pathology.

Target Products:

  • Discovery XT System
  • Ventana ES IHC Staining System
  • BenchMark LT/ XT System
  • TechMate Staining System Series
  • NexES Special Stains System
  • NexES IHC Staining System
  • Discovery System
  
In-Situ Hybridization (ISH)
Slide stainer which uses In-Situ hybridization staining techniques in processing tissue samples.

Target Products:

  • Discovery System
  • BenchMark LT/ XT System
  • Discovery XT System
  
Tissue Processors
Instrument used for the automated processing tissue samples.

Target Products:

  • Tissue Processor
  
Reagents  
Biomolecular Stains
Vital reagents used in the staining of tissue in order to view microscopically for pathology.

Target Products:

  • Primary Antibodies For Staining Systems
  • Confirm
  • Breast Markers
  • Detection Kits for Staining System
  • iView
  • TechMate Detection Kits
  • PATHWAY c-KIT
  • Lymphoma Markers
  
Kits  
DNA Probes
Staining kits which utilize DNA probes to mark specific cells for staining.

Target Products:

  • Translocation (2color) DNA Probe
  • Inform HPV
  • Oncology/Pathology DNA Probes
  
In-Situ Hybridization (ISH)
Staining kits which utilize In-Situ hybridization techniques to mark specific cells for staining.

Target Products:

  • Detection Kits for Staining System
  • TechMate Detection Kits
  
Immunoassays  
Reagents  
Test Kits  
Special/Immuno Chemistry  
Cancer Marker  
Breast
Diagnostic assay used to detect specific breast tumor or cancer markers.

Target Products:

  • PATHWAY HER-2/neu (4B5) Rabbit Monoclonal Antibody
  
Gastrointestinal
Diagnostic assay used to detect specific gastrointestinal tumor or cancer markers.

Target Products:

  • VentanaDx c-KIT
  
Specimen Collection  
Blood  
Arterial  
ABG Collection Kits
Collection devices used to collect arterial blood samples.

Buyer Products:

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

Buyer 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

Buyer 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.

Buyer Products:

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

Buyer Products:

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

Buyer 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.

Buyer Products:

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

Buyer 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.

Buyer 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.

Buyer Products:

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

Buyer Products:

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

Buyer 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.

Buyer Products:

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

Buyer Products:

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

Buyer Products:

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

Buyer 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.

Buyer Products:

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

Buyer 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.

Buyer Products:

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

Buyer 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.

Buyer 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.

Buyer Products:

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

Buyer Products:

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

Buyer 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.

Buyer Products:

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

Buyer Products:

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

Buyer 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.

Buyer 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.

Buyer Products:

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

Buyer 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.

Buyer 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.

Buyer 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.

Buyer Products:

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

Buyer Products:

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

- 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
  Edwards Lifesciences Corp n/a 2,976.681 22.81 22.08 2.87 2.71 10.07
Datascope Corporation n/a 561.089 24.18 24.36 1.50 n/a 2.15
ABIOMED, Inc. n/a 442.209 n/a -13.45 8.74 8.75 19.13
AngioDynamics, Inc. n/a 396.784 47.97 31.48 4.51 3.53 3.23
Merit Medical Systems, Inc. n/a 361.385 29.38 24.20 1.90 1.68 2.59
DURECT Corporation n/a 306.698 n/a -9.63 14.01 11.47 10.05
Delcath Systems, Inc. n/a 85.648 n/a n/a n/a n/a 10.58
Target
  General Electric Company n/a 360,115.208 17.29 15.77 2.20 2.07 13.91
Thermo Fisher Scientific Inc. n/a 20,426.109 120.92 20.18 5.39 2.15 n/a
Affymetrix, Inc. n/a 2,109.657 n/a 94.12 5.94 5.48 5.66
Digene Corporation n/a 1,054.743 68.73 46.73 5.93 5.27 4.90
Third Wave Technologies, Inc. n/a 229.887 n/a -11.18 8.20 6.95 7.62
Clarient, Inc. n/a 177.840 n/a n/a 5.29 n/a 153.31
Vision Systems Limited n/a n/a n/a n/a n/a n/a n/a
BioGenex Laboratories, Inc. n/a n/a n/a n/a n/a n/a n/a
Tecan Group Ltd. n/a n/a n/a n/a n/a n/a n/a
DakoCytomation A/S n/a n/a n/a n/a n/a n/a n/a

- 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
  QAD Inc. n/a 300.291 36.74 32.03 1.27 1.16 5.96
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
Target
  Healthcare Technologies n/a 12.479 16.33 n/a 0.94 n/a n/a
Memorial Sloan-Kettering Cancer Center n/a n/a n/a n/a n/a n/a n/a
University Of Texas, M.D. Anderson Cancer Center n/a n/a n/a n/a n/a n/a n/a
Mayo Foundation for Medical Education and Research n/a n/a n/a n/a n/a n/a n/a
Johns Hopkins Hospital 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
  King Pharmaceuticals, Inc. n/a 4,861.564 16.82 12.34 2.44 2.44 3.69
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
Target
  Invitrogen Corporation n/a 3,086.191 n/a 19.29 2.44 2.58 n/a
eResearch Technology, Inc n/a 400.834 48.23 29.56 4.64 4.12 4.34
Healthcare Technologies n/a 12.479 16.33 n/a 0.94 n/a n/a
Vision Systems Limited 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 499.8 238.2 738.0
Other Revenue 0.0 0.0 0.0
Total Revenue 499.8 238.2 738.0
Cost of Revenue 250.8 58.1 308.9
SG&A Expense 133.7 100.7 234.4
Depreciation & Amortization 0.0 2.3 2.3
Research & Development 27.4 31.9 59.3
Interest Expense 0.0 0.0 0.0
Other Operating Expense 0.0 0.0 0.0
Unusual Expense (Income) 0.8 0.0 0.8
Total Expenses 412.6 193.0 605.6
Operating Income 87.2 45.2 132.4
Non Operating Items
Interest Expense (Inc.), Net Non-Oprtng 4.3 0.0 4.3
Other, Net -0.7 2.4 1.7
Income Before Taxes 90.8 47.6 138.4
Income Taxes 30.4 16.0 46.3
Income After Taxes 60.5 31.6 92.1
Net Income - Excl. Xord. Items 60.5 31.6 92.1
Net Income - Incl. Xord. Items 60.5 31.6 92.1
Income Avail. to Common 60.5 31.6 92.1
Share Items
Basic Avg. Shares Outstanding 45.1 34.6 79.7
Basic EPS - Excl. Xord. Items 1.34 0.91 1.15
Basic EPS - Incl. Xord. Items 1.34 0.91 1.15
Full Dilution Adjustment 0.0 0.0 0.0
Fully Diluted Shares Outstanding 45.6 36.4 82.0
F.D. EPS - Excl. Xord. Items 1.33 0.87 1.12
F.D. EPS - Incl. Xord. Items 1.33 0.87 1.12
Dividends Per Common Share 0.51 0.00 0.51
Balance Sheet
Assets
Cash and Equivalents 149.4 31.8 181.2
ST Investments 23.3 68.3 91.6
Accounts Receivable 102.8 47.5 150.2
Inventory 107.3 18.3 125.5
Prepayments and Advances 29.1 5.6 34.7
Other Current Assets 0.0 2.5 2.5
Current Assets 411.8 174.0 585.8
Accum D&A 0.0 0.0 0.0
PPE, Net 178.4 65.4 243.8
Goodwill & Intangibles 0.0 12.3 12.3
Long Term Investments 0.0 1.2 1.2
Other Assets 0.0 0.0 0.0
Other LT Assets 129.7 15.8 145.5
Total Assets 719.9 268.6 988.6
Liabilities
Accounts Payable 0.0 15.6 15.6
Payable/Accrued 0.0 0.0 0.0
ST Debt 69.0 0.0 69.0
Curr Port of LTD & Cap Lease Oblg 73.0 0.0 73.0
Other (Current) Liabilities 0.0 36.5 36.5
Current Liab. 142.0 52.1 194.1
LT Debt 0.0 2.1 2.1
Total LT Debt 0.0 2.1 2.1
Other LT Liab. 32.6 0.7 33.2
Total Liabilities 174.6 54.9 229.4
Shareholders Equity
Common Stock 0.0 0.0 0.0
Additional Paid in Capital 0.0 234.1 234.1
Retained Earnings 0.0 43.2 43.2
Treasure Stock 0.0 -73.9 -73.9
Other Equity 545.4 10.3 555.6
Total Equity 545.4 213.8 759.1
Total Liab. & Equity 719.9 268.6 988.6
Shares Outstanding 45.1 34.9 80.0
Cash Flow
Operating Cash Flow
CF Net Income n/a 31.6 31.6
CF Depreciation n/a 16.5 16.5
CF Deferred Taxes n/a -3.0 -3.0
Other Non-Cash Items n/a 6.2 6.2
Change in Working Capital n/a -7.4 -7.4
Total Cash From Operating Activities n/a 44.1 44.1
Investing Cash Flow (not calculated)
Capital Expenditures n/a -24.5 -24.5
Other Investing Cash Flows n/a -18.2 -18.2
Total Cash From Investing Activities n/a -42.7 -42.7
Financing Cash Flow (not calculated)
Dividends Paid n/a 0.0 0.0
Purchase Or Sale of Stock n/a 1.9 1.9
Purchase and Retirement of Debt n/a -0.5 -0.5
Other Financing Cash Flow n/a 10.7 10.7
Total Cash From Financing Activities n/a 12.1 12.1
Exchange Rate Effects n/a 0.8 0.8
Net Change in Cash n/a 14.2 14.2
Cash Taxes Paid n/a 7.6 7.6
Cash Interest Paid n/a 0.1 0.1