Summary

Other Scenarios:

Buyer: Arrow International, Inc. (ARRO) Last Price: 45.48 Market Cap.: 2.06B
Target: Wright Medical Group, Inc. (WMGI) Last Price: 29.51 Market Cap.: 1.07B

Lines of Business Summary:

Product Summary:

Overlap & Complementary Sectors

Sector Buyer Target # of Focused Companies
Healthcare 933
Biopharmaceuticals   381
Medical Devices 253

- 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: 93)
  • ADCON-L Gel
  • Osteoset Resorbable/Mini Bead Kits
  • Cellplex TCP Synthetic Cancellous Bone
  • ODYSSEY MIS Anterior Rough Cut Instrumentation
Buyer
  • ChloraPrep
Target

n/a

Business Relationship Summary:

Top Key Suppliers

Top Key Customers
Buyer (Total: 3)
  • Kilroy Realty Corporation (KRC)
  • QAD Inc. (QADI)
  • Enturia, Inc.
Target (Total: 2)
  • LifeCell Corporation (LIFC)
  • Regeneration Technologies, Inc. (RTIX)
Buyer (Total: 0)

n/a
Target (Total: 1)
  • Lifecore Biomedical, Inc. (LCBM)

Key Financial Summary:

Key Metrics

  Buyer Target
Number of Employees 4,000 1,060
Revenue Per Employee 130,854.5 345,849.4
Total Revenue 130.5 91.4
Total Expenses 108.4 93.9
Other Revenue 0.0 0.0
Cost of Revenue 64.4 24.3
SG&A Expense 35.8 54.6
Research & Development 7.0 7.2
Other Operating Expense 0.0 0.0
Operating Income 22.1 -2.5
Unusual Income 1.2 7.0
LT Debt to Capital 0 0.14
Fwd P/E n/a 70.24
Fwd P/Rev n/a 2.78
Book Value 556.3 375.1
Curr Portion of LTD/Cap Lease 1.0 0.6

Individual Company Summary

Focused

Buyer

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

Target

Focused (): Healthcare > Medical Devices > Orthopedics > Surgical > Procedure Specific > Joint Replacement/Reconstruction

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. In October 2007, Teleflex Incorporated completed the acquisition of Arrow.

Target

Wright Medical Group, Inc. is an orthopedic medical device company specializing in the design, manufacture and marketing of reconstructive joint devices and biologics products. The Company operates through Wright Medical Technology, Inc. and other operating subsidiaries. The Company operates in one segment, offering products in four primary market sectors: knee reconstruction, hip reconstruction, extremity reconstruction and biologics. Reconstructive joint devices are used to replace knees, hips and other joints that have deteriorated through disease or injury. Biologics are used to replace damaged or diseased bone, to stimulate bone growth and to provide other biological solutions for surgeons and their patients. In April 2007, the Company completed the acquisition of substantially all the assets of Darco International, Inc.'s reconstructive foot surgery line of business.

Deal Summary

Key Ratios

  Buyer Target
Gross Margin % 50.38 71.64
Operating Margin % 17.71 1.46
Quick Ratio 2.01 1.81
Current Ratio 3.02 3.72
Coverage Ratio 0.05 0.24
Total Assets 726.2 460.5
Return on Equity % 10.98 1.42
Return on Assets % 8.41 1.16
Cash+ ST Inv. Per Share 3.79 1.59
Total Debt 64.9 1.2
Total Debt to Equity % 11.67 0.32
Total Debt to Tangible Equity % 13.73 0.35
Debt to Asset % 8.94 0.26

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.
  
Orthopedics
The Orthopedics Subsector includes medical devices that diagnose and treat musculoskeletal diseases involving muscles, bones and joints.
  
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
  
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  
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
  
Surgical-Site Treatments  
Anti-Adhesives/Anti-Scarring  
Gels
Gel-based products applied during interventional procedures to prevent adhesion to medical devices or to prevent scarring of the surgical site

Target Products:

  • ADCON-L Gel
  
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
  
Orthopedics  
Surgical  
General Procedure  
Invasive  
Accessories  
Bone Cement Kits
Materials and tools used to cement orthopedic implants.

Target Products:

  • Osteoset Resorbable/Mini Bead Kits
  
Implants  
Bone Growth Stimulators
Implantable devices that stimulates bone growth.

Target Products:

  • Cellplex TCP Synthetic Cancellous Bone
  
Minimally Invasive/Arthroscopic  
Instruments  
Instrument Systems
Orthopedic instruments used for arthroscopic surgical procedures usually sold as a package.

Target Products:

  • ODYSSEY MIS Anterior Rough Cut Instrumentation
  • Osteoset Injectors
  
Procedure Specific  
Bone Loss Reconstruction  
Femur
Devices used to reconstruct areas of bone loss in the femur/upper leg.

Target Products:

  • Pediatric Femoral Implants with Repiphysis Technology
  • Guardian Distal/Proximal Femur
  
Tibia
Devices used to reconstruct areas of bone loss in the tibia/lower leg.

Target Products:

  • Guardian Limb Salvage System
  • Pediatric Tibial Implants with Repiphysis Technology
  
Fixation  
Bone  
External  
Specific  
Ankle/Foot
External fixation devices used to immobilize ankle or foot fractures.

Target Products:

  • Darco MFS Locked Plating System
  • Stealth Fusion System
  • CHARLOTTE MTP Fusion System
  • CHARLOTTE Quick Staple
  • Patriot Mini-Fixator
  • Hollawell Tomahawk Mini-Fixator
  • Circular Freedom Frame
  • CHARLOTTE Snap-Off Screw
  
Internal  
Metallic  
Specific  
Ankle/Foot
Devices used to repair or fuse the ankle or foot.

Target Products:

  • Darco MFS Locked Plating System
  • CHARLOTTE Foot & Ankle System
  • DARCO MRS Locked Plating System
  • BIO-ARCH Foot And Ankle Implant
  • CHARLOTTE Compression Staple System
  • CHARLOTTE Claw Plate
  • CHARLOTTE 3mm/4.3mm/7mm Multi-Use Compression Screws
  • CHARLOTTE CAROLINA Jones Fracture System
  
Upper Extremities
Internal metallic fixaion devices used to immobilize fractures of the upper extremities.

Target Products:

  • E-CENTRIX Ulnar Head
  • LOCON-T Distal Radius Plating System
  • Micronail Intramedullary Radius Fixation System
  • LOCON VLS Distal Radius System
  • EVOLVE Modular Radial Head System
  • EVOLVE PROLINE Radial Head System
  • EVOLVE Radial Head Plate
  
Soft Tissue  
Anchors/Screws  
Absorbable  
General
Absorbable anchors/screws used to attach soft tissue to the bone in a variety of regions.

Target Products:

  • Hunter Active & Passive Tendon Implants
  
Joint Replacement/Reconstruction  
Accessories  
Allografts  
Bone
Bone obtained from cadavers to compensate for excessive bone removal.

Target Products:

  • Osteoset T Bone Graft Substitute
  • Osteoset 2 DBM Pellets
  • Allomatrix DR Bone Graft
  • Allomatrix CUSTOM Bone Graft Putty Series
  • MIIG X3 High Strength Injectable Graft
  • Allomatrix C Bone Graft Putty
  • MIIG X3 HiVisc Graft
  • PRO-DENSE Bone Graft Substitute
  • Mini-Ignite Power Mix
  • Ignite Power Mix
  • GraftJacket Regenerative Matrix
  • Allomatrix Injectable Putty
  • MIIG115 Minimally Invasive Injectable Graft
  • Osteoset Bone Graft Substitute
  
Ankle  
Total Ankle Systems
Devices used to replace the entire ankle joint.

Target Products:

  • STA-Peg Subtalar Implants
  
Elbow  
Total Elbow Systems
Devices used to replace the entire ankle joint.

Target Products:

  • Sorbie Questor Elbow System
  • Swanson Titanium Radial Head
  
Hand  
Finger
Devices used to replace or reconstruct finger joints.

Target Products:

  • Swanson Titanium Basal Thumb Implants
  • Swanson Finger Joint Implants
  • ORTHOSPHERE Carpometacarpal Implant
  • Swanson Titanium Carpal Lunate Implant
  • Swanson Trapezium Implant
  • Swanson Titanium Carpal Scaphoid Implant
  
Total Wrist Systems
Devices used to replace the entire wrist joint.

Target Products:

  • TIE-IN Trapezium Implant
  • Swanson II Wrist Joint Implant
  
Hip  
Hemi-Arthroplasty  
Acetabular  
Bipolar
Devices designed to replace both acetabulum.

Target Products:

  • Lineage Ceramic/Metal Acetabular Hip System
  • GLADIATOR Acetabular System
  
Unipolar
Devices designed to replace one acetabulum.

Target Products:

  • Profemur Tapered Hip Stem
  • Interseal Acetabular Cup
  • DYNASTY Acetabular Cup System
  • Profemur LX Hip Stem
  
Femoral
Devices used to replace the ball in the hip joint.

Target Products:

  • Perfecta Stems Series
  • Guardian Total Femur
  • Conserve Femoral Surface Replacement
  • Profemur E Hip Stems
  • Profemur Z/Plasma Z Hip Stems
  
Revision Systems  
Femoral
Devices used to revise the ball in a previously replaced hip joint.

Target Products:

  • Guardian Revision Hinge
  • Profemur R Revision Prosthesis
  
Total Hip Replacement Systems
Devices used to replace the entire hip joint.

Target Products:

  • Perfecta Total Hip System
  • Profemur Renaissance Total Hip System
  • PROFEMUR TL Total Hip System
  • Extend Total Hip System
  • Conserve Total Hip System
  • Profemur Total Hip System
  • Conserve Plus Hip Resurfacing Implant
  • Conserve Total A-CLASS Advanced Metal With BFH Technology Hip System
  
Knee  
Revision Systems
Devices used to revise a previously implanted knee replacement.

Target Products:

  • Advance Medial-Pivot Total Knee System
  • Advance Revision Knee System
  
Total Knee Replacement Systems
Devices used to replace the entire knee joint.

Target Products:

  • ADVANCE Double-High Knee System
  • ADVANCE Posterior Stabilized Total Knee Systems
  • Advance Total Knee System
  • Advantim Total Knee System
  • AXIOM Total Knee Systems
  
Unicompartmental Replacement
Devices used to replace a portion of the knee joint as opposed to a total knee replacement.

Target Products:

  • Advance Unicompartmental Knee System
  • Advance Stature Femoral Component
  • GUARDIAN Proximal Tibia
  
Shoulder  
Total Shoulder Replacement Systems
Devices used to replace the entire shoulder joint.

Target Products:

  • Olympia Total Shoulder Replacement System
  
Toe  
Replacement Systems
Devices used to replace the fractured toes.

Target Products:

  • LPT Great Toe Implants
  • Weil Type Swanson Design Hammertoe Implant
  • Swanson Titanium Great Toe
  • Swanson Flexible Hinge Toe Implant
  
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 2,618.645 22.21 22.27 2.46 2.45 6.91
Datascope Corporation n/a 565.187 22.86 23.53 1.49 n/a 2.27
ABIOMED, Inc. n/a 504.118 0.00 -17.92 9.66 8.65 6.63
DURECT Corporation n/a 476.186 0.00 -18.79 16.12 15.24 20.05
AngioDynamics, Inc. n/a 456.654 0.00 32.74 3.53 2.60 3.32
Merit Medical Systems, Inc. n/a 389.380 27.99 27.50 1.91 1.89 2.73
Delcath Systems, Inc. n/a 43.446 0.00 n/a n/a n/a 2.92
Target
  Zimmer Holdings, Inc. n/a 15,694.161 20.81 16.94 4.18 4.07 8.03
LifeCell Corporation n/a 1,512.440 54.73 54.51 8.49 8.08 9.33
Integra LifeSciences Holdings Corp. n/a 1,119.902 29.30 27.06 2.16 2.07 n/a
BioMimetic Therapeutics, Inc. n/a 316.309 0.00 -13.60 71.57 46.52 5.05
Regeneration Technologies, Inc. n/a 262.635 0.00 293.67 2.99 2.83 2.51
Lifecore Biomedical, Inc. n/a 185.654 23.67 23.98 2.64 2.45 2.18
Osteotech, Inc. n/a 134.363 57.01 41.63 1.31 1.33 1.73
Biomet, Inc. 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
  Kilroy Realty Corporation n/a 1,725.452 36.11 16.96 6.63 6.55 2.69
QAD Inc. n/a 306.646 70.88 58.12 1.21 1.19 7.42
Enturia, Inc. n/a n/a n/a n/a n/a n/a n/a
Target
  LifeCell Corporation 6.00% 1,512.440 54.73 54.51 8.49 8.08 9.33
Regeneration Technologies, Inc. n/a 262.635 0.00 293.67 2.99 2.83 2.51

- 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
  Lifecore Biomedical, Inc. n/a 185.654 23.67 23.98 2.64 2.45 2.18

- 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 2,512.792 14.19 5.36 1.19 1.18 1.68
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
  LifeCell Corporation n/a 1,512.440 54.73 54.51 8.49 8.08 9.33
Regeneration Technologies, Inc. n/a 262.635 0.00 293.67 2.99 2.83 2.51
Lifecore Biomedical, Inc. n/a 185.654 23.67 23.98 2.64 2.45 2.18
University of Minnesota n/a n/a n/a n/a n/a n/a n/a
A.M. Surgical, Inc. 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 508.0 370.2 878.2
Other Revenue 0.0 0.0 0.0
Total Revenue 508.0 370.2 878.2
Cost of Revenue 252.1 105.0 357.1
SG&A Expense 136.9 214.0 350.9
Depreciation & Amortization 0.0 3.7 3.7
Research & Development 27.2 27.7 54.9
Interest Expense 0.0 0.0 0.0
Other Operating Expense 0.0 0.0 0.0
Unusual Expense (Income) 1.8 14.5 16.4
Total Expenses 418.0 364.8 782.9
Operating Income 90.0 5.4 95.4
Non Operating Items
Interest Expense (Inc.), Net Non-Oprtng 4.7 1.3 6.0
Other, Net -1.6 0.1 -1.5
Income Before Taxes 93.1 6.8 99.9
Income Taxes 32.0 1.5 33.5
Income After Taxes 61.1 5.3 66.4
Net Income - Excl. Xord. Items 61.1 5.3 66.4
Net Income - Incl. Xord. Items 61.1 5.3 66.4
Income Avail. to Common 61.1 5.3 66.4
Share Items
Basic Avg. Shares Outstanding 45.2 36.0 81.1
Basic EPS - Excl. Xord. Items 1.35 0.15 0.82
Basic EPS - Incl. Xord. Items 1.35 0.15 0.82
Full Dilution Adjustment 0.0 0.0 0.0
Fully Diluted Shares Outstanding 45.7 36.0 81.7
F.D. EPS - Excl. Xord. Items 1.34 0.15 0.81
F.D. EPS - Incl. Xord. Items 1.34 0.15 0.81
Dividends Per Common Share 0.76 0.00 0.76
Balance Sheet
Assets
Cash and Equivalents 160.2 42.9 203.0
ST Investments 13.2 14.2 27.4
Accounts Receivable 104.8 85.3 190.1
Inventory 114.0 111.0 224.9
Prepayments and Advances 13.5 8.5 21.9
Other Current Assets 12.5 29.8 42.3
Current Assets 418.1 291.6 709.7
PPE 382.7 203.4 586.1
Accum D&A -201.6 -109.7 -311.4
PPE, Net 181.1 93.6 274.7
Goodwill & Intangibles 83.8 36.7 120.4
Other Assets 0.0 0.0 0.0
Other LT Assets 43.3 38.7 82.0
Total Assets 726.2 460.5 1,186.8
Liabilities
Accounts Payable 19.0 17.2 36.2
Payable/Accrued 0.0 0.0 0.0
Accrued Expenses 38.8 60.6 99.4
ST Debt 63.9 0.0 63.9
Curr Port of LTD & Cap Lease Oblg 1.0 0.6 1.6
Other (Current) Liabilities 15.7 0.0 15.7
Current Liab. 138.4 78.4 216.9
LT Debt 0.0 0.5 0.5
Total LT Debt 0.0 0.5 0.5
Deferred Taxes 11.4 0.0 11.4
Other LT Liab. 20.2 6.4 26.5
Total Liabilities 169.9 85.4 255.3
Shareholders Equity
Common Stock 45.7 0.4 46.0
Additional Paid in Capital 45.0 327.6 372.6
Retained Earnings 502.4 23.8 526.2
Treasure Stock -50.7 0.0 -50.7
Other Equity 13.9 23.4 37.3
Total Equity 556.3 375.1 931.4
Total Liab. & Equity 726.2 460.5 1,186.8
Shares Outstanding 45.3 36.1 81.4
Cash Flow
Operating Cash Flow
CF Net Income 61.1 5.3 66.4
CF Depreciation 20.7 24.5 45.2
CF Amortization 7.7 3.7 11.3
CF Deferred Taxes 0.5 -13.5 -13.0
Other Non-Cash Items 7.7 14.9 22.6
Change in Working Capital -7.9 1.8 -6.0
Total Cash From Operating Activities 89.8 34.5 124.3
Investing Cash Flow (not calculated)
Capital Expenditures -31.2 -33.7 -64.9
Other Investing Cash Flows -14.9 -25.0 -39.9
Total Cash From Investing Activities -46.1 -58.7 -104.8
Financing Cash Flow (not calculated)
Dividends Paid -32.4 0.0 -32.4
Purchase Or Sale of Stock 7.4 13.6 21.0
Purchase and Retirement of Debt 9.0 4.5 13.6
Other Financing Cash Flow 0.2 2.8 3.0
Total Cash From Financing Activities -15.8 14.8 -1.0
Exchange Rate Effects 1.4 0.6 2.0
Net Change in Cash 29.4 -8.8 20.6
Cash Taxes Paid 32.3 9.7 42.0
Cash Interest Paid 0.8 1.3 2.1