Summary

Other Scenarios:

Buyer: Arrow International, Inc. (ARRO) Last Price: 45.48 Market Cap.: 2.06B
Target: DJO Inc. (DJO) Last Price: 50.24 Market Cap.: 1.19B

Lines of Business Summary:

Product Summary:

Overlap & Complementary Sectors

Sector Buyer Target # of Focused Companies
Healthcare 932
Biopharmaceuticals   378
Medical Devices 254

- 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)
  • 7cc Luer Slip Loss of Resistance Syringe
  • Epidural Needle Series
  • FlexTip Plus/TheraCath Epidural Kit
  • Single Shot Epidural Anesthesia Kit
Target (Total: 76)
  • DonJoy PainBuster Pain Management System
  • DonJoy Pain Control Device (PCD)
  • Procare Pre-vent O.R. Table Pad
  • Procare Adjustable Hardwood Crutches
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: 1)
  • Moog Inc. (MOG/A)
Buyer (Total: 0)

n/a
Target (Total: 9)
  • Cardinal Health, Inc. (CAH)
  • McKesson Corporation (MCK)
  • Owens & Minor, Inc. (OMI)
  • Premier, Inc.

Key Financial Summary:

Key Metrics

  Buyer Target
Number of Employees 4,000 3,000
Revenue Per Employee 130,854.5 160,150.8
Total Revenue 130.5 119.8
Total Expenses 108.4 101.5
Other Revenue 0.0 0.0
Cost of Revenue 64.4 45.5
SG&A Expense 35.8 47.0
Research & Development 7.0 2.0
Other Operating Expense 0.0 0.0
Operating Income 22.1 18.3
Unusual Income 1.2 2.5
LT Debt to Capital 0 48.45
Fwd P/E n/a 34.89
Fwd P/Rev n/a n/a
Book Value 556.3 303.8
Curr Portion of LTD/Cap Lease 1.0 0.0

Individual Company Summary

Focused

Buyer

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

Target

Focused (): Healthcare > Medical Devices > Orthopedics > Treatment > Braces/Supports

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

DJO Incorporated is a provider of solutions for musculoskeletal and vascular health, specializing in rehabilitation and regeneration products for the non-operative orthopedic, spine and vascular markets. Marketed under the DonJoy, ProCare and Aircast brands, the Company?s range of over 700 rehabilitation products, including rigid knee braces, soft goods and pain management products, are used in the prevention of injury, in the treatment of chronic conditions and for recovery after surgery or injury. Its regeneration products consist of bone growth stimulation (BGS) devices that are used to treat nonunion fractures and as an adjunct therapy after spinal fusion surgery. Its vascular systems products help prevent deep vein thrombosis and pulmonary embolism that can occur after orthopedic and other surgeries. In April 2006, it acquired Aircast Incorporated, a United States-based orthopedics company. On November 20, 2007, the Company completed its merger with ReAble Therapeutics, Inc.

Deal Summary

Key Ratios

  Buyer Target
Gross Margin % 50.38 59.84
Operating Margin % 17.71 11.49
Quick Ratio 2.01 1.96
Current Ratio 3.02 3.14
Coverage Ratio 0.05 -0.43
Total Assets 726.2 649.8
Return on Equity % 10.98 5.64
Return on Assets % 8.41 2.63
Cash+ ST Inv. Per Share 3.79 0.49
Total Debt 64.9 285.5
Total Debt to Equity % 11.67 93.99
Total Debt to Tangible Equity % 13.73 n/a
Debt to Asset % 8.94 43.94

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.
  
Medical Supplies
The Medical Supplies Subsector includes basic and consumable products that are widely used in healthcare settings.
  
Neonatology
The Neonatology Subsector includes medical devices that diagnose, monitor and treat diseases of newborns.
  
Oncology
The Oncology Subsector includes medical devices that detect and treat cancers.
  
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:

  • 7cc Luer Slip Loss of Resistance Syringe
  • Epidural Needle Series
  • FlexTip Plus/TheraCath Epidural Kit
  • 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:

  • 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.

Buyer Products:

  • Berman Angiographic/Reverse Berman Balloon Catheter Series
  • Balloon/Double-Lumen Balloon Wedge-Pressure Catheters
  
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:

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

Buyer 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.

Buyer Products:

  • Percutaneous Sheath Introducer
  • Arrow-Fischell EVAN Vascular Access
  • Super Arrow-Flex Sheath Introducer Series
  • 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:

  • Bipolar Pacing Catheter
  • QuadPolar Electrode Catheter Series
  • Multi-Polar Electrode Catheter Series
  • HANDS-OFF Balloon Pacing Catheter
  • Balloon Pacing 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
  • NarrowFlex Series
  • LightWAVE Series
  • RediGaurd Series
  • Hemostasis Sheath Introducer
  • UltraFlex Flexible Series
  • Universal Series
  
Systems
Complete set of instruments used to perform intra aortic balloon pump surgery.

Buyer Products:

  • ACAT 1 Plus
  • TransAct
  • KAAT II Plus
  • AutoCAT 2 Series
  
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:

  • Femoral Artery Catheterization Set
  • QuickFlash Kits
  • Arterial/Venous Catheterization Kits
  
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
Elastomeric Infusors
Infusion delivery system designed for small-volume fluid transmission (home use).

Target Products:

  • DonJoy PainBuster Pain Management System
  
Pumps
Single Channel
Single channel pump designed to deliver only one infusion therapy to patients.

Target Products:

  • DonJoy Pain Control Device (PCD)
  
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:

  • 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.

Buyer Products:

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

  • Low Profile Port/B-Port
  • Blue FlexTip Catheter/Port Systems
  • A/A2-Port Series
  
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:

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

Buyer Products:

  • Introducer Needles
  • Port Non-Coring/Corning/Port-Winged 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 Percutaneous
  • Arrow-Karlan
  • Laparoscopic Cholangiography Balloon Catheter
  
Medical Supplies  
Surgical  
Surgical Supplies/Tools
Devices used to aid or perform surgical functions such surgical lights, surgical markers, surgical table, positioners, towels, stockinette, sanitation agents, and other similar items.

Target Products:

  • Procare Pre-vent O.R. Table Pad
  
Treatment  
Ambulatory Assist  
Portable Ambulatory Devices
Medical devices used to aid patients who have compromised mobility, such as crutches, stretchers, walkers and other similar items.

Target Products:

  • Procare Adjustable Hardwood Crutches
  • Procare Adjustable Aluminum Cane
  • Procare Anodized Aluminum Adjustable Fold-Up Walker
  • Procare Adjustable Anodized Aluminum Crutches
  
Wound Management/First Aid  
Cleaning/Healing Devices
Devices used to clean and facilitate healing of wounds, such as bandages, dressings, cleansers, anti-infective ointments, sponges, cold compresses and other similar items.

Target Products:

  • DonJoy Wrap-On Pads
  • DonJoy Cold Wraps
  • DonJoy Cold Pads
  • DonJoy Dura Kold Wraps Series
  • DonJoy Sterile Dressings
  • DonJoy Iceman
  • Procare Elastic Bandage Series
  • Procare Flex-Master Bandage Series
  • DonJoy DuraSoft Wraps Series
  
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  
Treatment  
Braces/Supports  
Active
Braces that can be worn during physical activity to support ankle, elbow, arm, knee, shoulder and wrist.

Target Products:

  • DonJoy Cold Wraps
  • Procare Elbow Braces
  • Procare Mesh Heel/Elbow Protector
  • Donjoy Knee Ligament Bracing Series
  • Donjoy Osteoarthritis Bracing Series
  • Donjoy Patellofemoral Bracing Series
  • Donjoy General Knee & Thigh Series
  • Donjoy Ankle Bracing Series
  • Donjoy Upper Extremity Bracing Series
  • Donjoy Wrist & Elbow Product Series
  • Procare Soft Elbow Braces
  • Procare Wrist, Forearm & Thumb Supports
  • Procare Lumbo-Sacral, Rib & Abdominal Supports
  • DonJoy Drytex Lumbosaccral Support
  • DonJoy Hat Trick
  • DonJoy Universal Forearm Support Strap
  • DonJoy Female Fource Knee Braces
  • DonJoy Cold Pads
  
Compression Nylon/Elastic/Neoprene
Braces comprised of nylon, elastic and neoprene worn to support a variety of musculoskeletal injuries, such the ankle, elbow, knee, back, thigh, wrist and other body parts.

Target Products:

  • Aircast Air-Stirrup Series
  • Procare Ankle, Foot & Heel Suports
  • Aircast Specialty Braces
  • Procare OrthaWear Anti-Embolism Stockings
  • DonJoy Elastic Braces Series
  • Procare Patellofemoral & Hinged Knee Braces
  • DonJoy Neoprene Braces Series
  • DonJoy Tru-Pull
  • Procare Thigh, Knee & Calf Supports
  • Procare Cervical Collar Series
  
Passive/Orthosis
Apparatus used to support, align, prevent, or correct deformities or to improve the function of movable parts of the body, such as the ankle, elbow, foot, hip, knee, spine, writs and other body parts.

Target Products:

  • DonJoy Telescoping Series
  • Procare Thigh, Knee & Calf Supports
  • Procare Walkers
  • BOA (Back Orthotic Appliance) Back Braces
  • Donjoy Knee Ligament Bracing Series
  • Donjoy Walkers Product Series
  • Procare Cervical Collar Series
  • Procare Clavicle Support Series
  • Procare Post-Op Knee Braces
  • Procare Knee Series
  • DonJoy ArchRival
  • DonJoy Post-Op Knee Braces
  • DonJoy Cervical Collar
  • Procare Padded Hip Spica
  • Procare Hip Abduction Pillows
  • Procare Poly/Pile Knee Sling
  • Procare Leg/Arm Elevator
  • Procare Podous Boot
  • Procare Pre-Vent Ulnar Nerve Protector
  
Cushioning Devices
Devices designed to provide cushioning to the orthopedic injuries.

Target Products:

  • Procare Cushioning Devices
  
Electrical Stimulation  
Bone Growth Stimulation  
Electromagnetic Systems
Devices which are applied to specific areas of the body to deliver electromagnetic stimulation to promote bone growth.

Target Products:

  • DonJoy OL1000/OL1000SC Bone Growth Stimulator
  • DonJoy SpinaLogic Bone Growth Stimulator
  
Fracture Immobilization  
Braces
Braces used to immobilize bone fractures of the extremities, including hand, wrist, humeral, ulnar, tibial and fibular fractures.

Target Products:

  • DonJoy Wrist Wraps
  • Procare Arm Slings & Elevators
  • Procare Knee Immobilizers
  • Orthoframe Mayo Wrist Fixator
  • DonJoy UltraSling Series
  • Procare Pehr Hip Splint
  
Casting
Devices and components used to immobilize bone fractures with fiberglass or plaster, such as cast shoes, cast removals, pads, splints and tapes.

Target Products:

  • Procare Post-Op Shoes And Cast Boots
  • MaxTrax Fracture Boots
  • Procare Durafo
  • Procare Drop Foot Boot
  
Pain Management  
General Purpose  
Cold Therapy
Devices that use cold temperatures to ease pain associated with musculoskeletal injuries.

Target Products:

  • DonJoy Hot/Cold Therapy Wrap
  • Aircast Cryo/Cuff Series
  
Joint/Region Specific  
Ankle/Foot  
Traction
Devcies designed to maintain the ankle/foot in traction.

Target Products:

  • Procare Traction Equipment Series
  
Cervical  
Traction
Devices designed to maintain the cervical area in traction.

Target Products:

  • Procare Traction Equipment Series
  
Hand/Wrist/Shoulder  
Traction
Devices designed to maintain the hand/wrist in traction.

Target Products:

  • Procare Traction Equipment Series
  
Pneumatic Compression  
Systems
Devices designed to generate specific site specific electrical stimulation and external pressure to expediate swelling reduction at extremities.

Target Products:

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

Buyer Products:

  • Arrow Cannon Connector Assembly Replacement Set
  
Urologic  
Incontinence  
Male  
External Catheters
Catheters fitted over the penis to allow drainage of urinary waste

Target Products:

  • Procare Peri-Drain
  
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:

  • Super Arrow-Flex Sheath Introducer Series
  • Percutaneous Sheath Introducer
  • 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
  Edwards Lifesciences Corp n/a 2,817.680 23.90 23.45 2.65 2.58 7.43
Datascope Corporation n/a 563.337 22.79 22.78 1.49 n/a 2.26
AngioDynamics, Inc. n/a 479.956 0.00 34.68 3.71 2.77 3.49
ABIOMED, Inc. n/a 402.969 0.00 -13.74 7.72 6.67 5.30
DURECT Corporation n/a 394.723 0.00 -12.68 13.37 12.82 16.62
Merit Medical Systems, Inc. n/a 357.978 25.73 24.54 1.75 1.70 2.51
Delcath Systems, Inc. n/a 53.802 0.00 n/a n/a n/a 3.62
Target
  Stryker Corporation n/a 28,996.598 29.92 29.28 5.05 4.86 6.84
Zimmer Holdings, Inc. n/a 15,245.418 20.22 16.19 4.06 3.89 7.80
Smith & Nephew plc (ADR) n/a 10,628.009 30.54 22.67 3.35 3.17 37.82
Orthofix International NV n/a 983.599 34.05 30.18 2.06 1.96 n/a
I-Flow Corporation n/a 408.355 419.94 -90.44 3.74 3.50 4.16
Ossur n/a n/a n/a n/a n/a n/a n/a
Biomet, Inc. n/a n/a n/a n/a n/a n/a n/a
Townsend Industries, Inc. n/a n/a n/a n/a n/a n/a n/a
DeRoyal Industries, Inc. n/a n/a n/a n/a n/a n/a n/a
Medical Technology, 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 1,810.315 37.89 17.23 6.96 6.72 2.82
QAD Inc. n/a 267.905 61.92 50.00 1.05 1.02 6.48
Enturia, Inc. n/a n/a n/a n/a n/a n/a n/a
Target
  Moog Inc. n/a 1,866.666 18.49 n/a 1.20 n/a 7.27

- 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
  Cardinal Health, Inc. n/a 20,601.866 10.50 14.08 0.23 0.22 16.54
McKesson Corporation n/a 19,388.948 19.74 19.79 0.20 0.19 6.17
Owens & Minor, Inc. n/a 1,601.599 27.82 22.15 0.24 0.23 5.60
Premier, Inc. n/a n/a n/a n/a n/a n/a n/a
HealthTrust Purchasing Group n/a n/a n/a n/a n/a n/a n/a
Government - United States n/a n/a n/a n/a n/a n/a n/a
Broadlane, Inc. n/a n/a n/a n/a n/a n/a n/a
AmeriNet, Inc. n/a n/a n/a n/a n/a n/a n/a
VHA, 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
  King Pharmaceuticals, Inc. n/a 2,515.236 14.20 5.33 1.19 1.15 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
  Johnson & Johnson n/a 191,393.841 18.46 16.30 3.25 3.18 13.61
Cardinal Health, Inc. n/a 20,601.866 10.50 14.08 0.23 0.22 16.54
McKesson Corporation n/a 19,388.948 19.74 19.79 0.20 0.19 6.17
Moog Inc. n/a 1,866.666 18.49 n/a 1.20 n/a 7.27
Owens & Minor, Inc. n/a 1,601.599 27.82 22.15 0.24 0.23 5.60

- Defined by the Company - Defined by Others

Financials

  Buyer Target Combined Entity
Income Statement
Operating Items
Revenue 508.0 465.6 973.6
Other Revenue 0.0 0.0 0.0
Total Revenue 508.0 465.6 973.6
Cost of Revenue 252.1 187.0 439.1
SG&A Expense 136.9 196.2 333.1
Depreciation & Amortization 0.0 18.0 18.0
Research & Development 27.2 8.4 35.7
Interest Expense 0.0 0.0 0.0
Other Operating Expense 0.0 0.0 0.0
Unusual Expense (Income) 1.8 2.5 4.4
Total Expenses 418.0 412.2 830.2
Operating Income 90.0 53.5 143.4
Non Operating Items
Interest Expense (Inc.), Net Non-Oprtng 4.7 -22.9 -18.2
Other, Net -1.6 1.2 -0.4
Income Before Taxes 93.1 31.8 124.9
Income Taxes 32.0 14.7 46.6
Income After Taxes 61.1 17.1 78.2
Net Income - Excl. Xord. Items 61.1 17.1 78.2
Net Income - Incl. Xord. Items 61.1 17.1 78.2
Income Avail. to Common 61.1 17.1 78.2
Share Items
Basic Avg. Shares Outstanding 45.2 23.6 68.8
Basic EPS - Excl. Xord. Items 1.35 0.72 1.14
Basic EPS - Incl. Xord. Items 1.35 0.72 1.14
Full Dilution Adjustment 0.0 0.0 0.0
Fully Diluted Shares Outstanding 45.7 24.3 69.9
F.D. EPS - Excl. Xord. Items 1.34 0.71 1.12
F.D. EPS - Incl. Xord. Items 1.34 0.71 1.12
Dividends Per Common Share 0.76 0.00 0.76
Balance Sheet
Assets
Cash and Equivalents 160.2 12.0 172.1
ST Investments 13.2 0.0 13.2
Accounts Receivable 104.8 96.3 201.2
Inventory 114.0 54.2 168.1
Prepayments and Advances 13.5 0.0 13.5
Other Current Assets 12.5 10.8 23.3
Current Assets 418.1 173.3 591.4
PPE 382.7 0.0 382.7
Accum D&A -201.6 0.0 -201.6
PPE, Net 181.1 30.2 211.3
Goodwill & Intangibles 83.8 425.9 509.7
Other Assets 0.0 0.0 0.0
Other LT Assets 43.3 20.3 63.6
Total Assets 726.2 649.8 1,376.0
Liabilities
Accounts Payable 19.0 13.7 32.7
Payable/Accrued 0.0 0.0 0.0
Accrued Expenses 38.8 37.3 76.1
ST Debt 63.9 0.0 63.9
Curr Port of LTD & Cap Lease Oblg 1.0 0.0 1.0
Other (Current) Liabilities 15.7 4.1 19.9
Current Liab. 138.4 55.1 193.6
LT Debt 0.0 285.5 285.5
Total LT Debt 0.0 285.5 285.5
Deferred Taxes 11.4 0.0 11.4
Other LT Liab. 20.2 5.4 25.5
Total Liabilities 169.9 346.0 515.9
Shareholders Equity
Common Stock 45.7 0.2 45.9
Additional Paid in Capital 45.0 179.9 224.9
Retained Earnings 502.4 119.6 622.1
Treasure Stock -50.7 0.0 -50.7
Other Equity 13.9 4.0 17.9
Total Equity 556.3 303.8 860.1
Total Liab. & Equity 726.2 649.8 1,376.0
Shares Outstanding 45.3 23.7 68.9
Cash Flow
Operating Cash Flow
CF Net Income 61.1 17.1 78.2
CF Depreciation 20.7 30.2 50.9
CF Amortization 7.7 0.0 7.7
CF Deferred Taxes 0.5 8.8 9.3
Other Non-Cash Items 7.7 64.3 72.1
Change in Working Capital -7.9 -68.8 -76.7
Total Cash From Operating Activities 89.8 51.7 141.5
Investing Cash Flow (not calculated)
Capital Expenditures -31.2 -9.0 -40.2
Other Investing Cash Flows -14.9 -2.9 -17.8
Total Cash From Investing Activities -46.1 -11.9 -57.9
Financing Cash Flow (not calculated)
Dividends Paid -32.4 0.0 -32.4
Purchase Or Sale of Stock 7.4 11.8 19.2
Purchase and Retirement of Debt 9.0 -48.8 -39.7
Other Financing Cash Flow 0.2 4.5 4.7
Total Cash From Financing Activities -15.8 -32.4 -48.2
Exchange Rate Effects 1.4 1.0 2.3
Net Change in Cash 29.4 8.3 37.7
Cash Taxes Paid 32.3 2.0 34.3
Cash Interest Paid 0.8 15.2 16.0