Summary

Other Scenarios:

Buyer: Sirona Dental Systems, Inc. (SIRO) Last Price: 37.26 Market Cap.: 2.04B
Target: Arrow International, Inc. (ARRO) Last Price: 37.79 Market Cap.: 1.71B

Lines of Business Summary:

Product Summary:

Overlap & Complementary Sectors

Sector Buyer Target # of Focused Companies
*Healthcare 925
Biopharmaceuticals   370
Medical Devices 261

- 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: 41)
  • SIDEXIS-Intraoral sensors
  • Schick Technologies USBCam
  • ORTHOPHOS System Series
  • Schick Technologies CDR Wireless System
Target (Total: 86)
  • 7cc Luer Slip Loss of Resistance Syringe
  • Epidural Needle Series
  • FlexTip Plus/TheraCath Epidural Kit
  • Single Shot Epidural Anesthesia Kit
Buyer

n/a
Target
  • ChloraPrep

Business Relationship Summary:

Top Key Suppliers

Top Key Customers
Buyer (Total: 0)

n/a
Target (Total: 3)
  • Kilroy Realty Corporation (KRC)
  • QAD Inc. (QADI)
  • Enturia, Inc.
Buyer (Total: 2)
  • Patterson Companies, Inc. (PDCO)
  • Henry Schein, Inc. (HSIC)
Target (Total: 0)

n/a

Key Financial Summary:

Key Metrics

  Buyer Target
Number of Employees 1,978 4,000
Revenue Per Employee 304,203.1 130,854.5
Total Revenue 150.2 130.5
Total Expenses 144.6 108.4
Other Revenue 0.0 0.0
Cost of Revenue 79.6 64.4
SG&A Expense 52.8 35.8
Research & Development 12.1 7.0
Other Operating Expense 0.1 0.0
Operating Income 5.6 22.1
Unusual Income 0.0 1.2
LT Debt to Capital 49.99 0
Fwd P/E 28.98 28.46
Fwd P/Rev 3.28 3.31
Book Value 516.0 556.3
Curr Portion of LTD/Cap Lease 12.9 1.0

Individual Company Summary

Focused

Buyer

Focused (): *Healthcare > Medical Devices > Dental > Diagnostic > Imaging

Target

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

Business Description

Buyer

Sirona Dental Systems, Inc. (Sirona) is a manufacturer of dental equipment. Sirona focuses on developing systems and solutions for dentists globally. The Company provides a range of advanced products in each of the four primary areas: Dental CAD/CAM Systems; Imaging Systems; Treatment Centers and Instruments. Sirona distributes its products globally to dental practices, clinics and laboratories through an international network of distributors. Dental CAD/CAM Systems address the worldwide market for dental restorations, which include several types of restorations, such as inlays, onlays, veneers, crowns, bridges, copings and bridge frameworks made from ceramic, metal or composite blocks. Imaging Systems comprise a range of equipment for diagnostic imaging in the dental practice. Treatment Centers comprise a range of products from dentist chairs to chair-based treatment centers with ergonomic functionalities.

Target

Arrow International, Inc. (Arrow) develops, manufactures and markets a range of clinically advanced, disposable catheters and related products for critical and cardiac care. The Company's critical care products are used principally for central vascular access in the administration of fluids, drugs and blood products, patient monitoring and diagnostic purposes. These products are used by anesthesiologists, critical care specialists, surgeons, cardiologists, nephrologists, emergency and trauma physicians, and other healthcare providers. Arrow's cardiac care products are used by interventional cardiologists, cardiac surgeons, interventional radiologists and electrophysiologists for purposes, such as the diagnosis and treatment of heart and vascular disease, and to provide short-term cardiac assist following cardiac surgery, serious heart attack or balloon angioplasty.

Deal Summary

Key Ratios

  Buyer Target
Gross Margin % 45.91 50.38
Operating Margin % 2.64 17.71
Quick Ratio 1.07 2.01
Current Ratio 1.83 3.02
Coverage Ratio -2.16 0.05
Total Assets 1,546.9 726.2
Return on Equity % -0.82 10.98
Return on Assets % -0.27 8.41
Cash+ ST Inv. Per Share 0.79 3.79
Total Debt 528.7 64.9
Total Debt to Equity % 102.46 11.67
Total Debt to Tangible Equity % n/a 13.73
Debt to Asset % 34.18 8.94

Product Summary

Sector Buyer Target
*Healthcare
Biopharmaceuticals  
Infectious Diseases
The Infectious Diseases Subsector includes therapeutics that treat diseases caused by the invasion and reproduction of microorganisms in the body.
  
Surgery
The Surgery Subsector includes therapeutics that treat complications associated with surgical procedures.
  
Medical Devices
Anesthesiology
The Anesthesiology Subsector includes medical devices that deliver and monitor anesthetics.
  
Cardiology
The Cardiology Subsector includes medical devices that diagnose, monitor, and treat diseases affecting the heart and proximal blood vessels. Common devices include vital sign monitors, cardiac defibrillators, pacemakers, and other surgical equipment.
  
Clinical Diagnostics
The Clinical Diagnostics Subsector includes medical devices that analyze human body specimens within a medical setting. These devices, including equipment, biological and chemical reagents are primarily used for the diagnosis of diseases.
  
Dental
The Dental Subsector includes medical devices that diagnose and treat dental disorders, as well as restore proper function and appearance of teeth and gums.
  
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.
  
Radiology
The Radiology Subsector includes medical devices that generate images of internal physiology.
  
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
  • 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.

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:

  • 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.

Target Products:

  • Wedge Pressure Products
  • VitaCuff Products
  
Output Sensors
Instruments that measure various cardiac outputs, such as blood velocity and pressure. Examples of sensors include bioimpedence, hemodynamic and thermodilution catheters.

Target Products:

  • HemoSonic 100 Probe
  • Balloon/HANDS OFF Thermodilution Catheter Series
  
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:

  • 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.

Target Products:

  • Radial Artery Catheterization Kit
  
Procedure/Region Specific  
Arrhythmia  
Electrophysiology  
Chamber Mapping Systems  
Catheters
Long slender wire-like devices with multiple electrodes on the end that gets inserted into the heart chamber for electrophysiological studies and chamber mapping.

Target Products:

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

Target Products:

  • 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.

Target 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.

Target 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.

Target Products:

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

Target Products:

  • Arrow-Fischell Pullback Atherectomy Catheter
  
Clinical Diagnostics  
Specimen Collection  
Blood  
Arterial  
ABG Collection Kits
Collection devices used to collect arterial blood samples.

Target Products:

  • Femoral Artery Catheterization Set
  • QuickFlash Kits
  • Arterial/Venous Catheterization 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
  
Dental  
Diagnostic  
Imaging  
X-Ray  
Accessories  
Digital  
Digital Sensors
Sensors which capture radiographic images and have the ability to convert to a digital format.

Buyer Products:

  • SIDEXIS-Intraoral sensors
  • Schick Technologies USBCam
  
Systems  
Panoramic
X-ray system that rotates around the head to generate images of the teeth and jaw.

Buyer Products:

  • ORTHOPHOS System Series
  • Schick Technologies CDR Wireless System
  • Schick Technologies CDRPan System
  • Schick Technologies CDRPanX System
  • CEREC CAD/CAM System Series
  • Schick Technologies CDR System
  • inEos CEREC System
  • inLab CAD/CAM System
  
Straight
X-ray system that generates a straight image of the teeth.

Buyer Products:

  • HELIODENT System Series
  • Sirona Digital X-Ray System
  • GALILEOS
  
Physical Examination  
Visualization  
Intraoral Cameras
Small cameras placed inside the oral cavity to project an image onto a monitor in order to visulize the oral cavity.

Buyer Products:

  • SIVISION
  
Surgical  
Endodontic  
Drills
Drills used in endodontic treatment.

Buyer Products:

  • SIRONiTi/SIRONiTo Air+
  
General  
Instruments  
Electrical  
General Surgical Tools
Devices used to perform general dental surgical procedures, including drills, dryers, composite curing, motors/handpieces, inserts/attachments and other similar items.

Buyer Products:

  • SPRAYVIT
  • MOTOR EL 1/MOTOR SL
  • Sirona BL/Sirona BL ISO
  • Turbine T1/T2/T3 Series
  • IMPLANT 20:/IMPLANT 80:1
  • T1 CLASSIC / T1 LINE mini
  • SIROTorque L+
  • SIROAIR L
  • T2 REVO
  • SIROEndo
  
Laser Systems
Lasers used during dental surgery.

Buyer Products:

  • SIROLaser
  
Ultrasonic Scalers  
Systems
Systems that use ultrasonic energy to remove plaque from teeth.

Buyer Products:

  • PerioScan
  • SIROSONIC/SIROSONIC L
  
Treatment  
Preventive Care  
Prophylactic Components
Devices used to clean the teeth or gums, including angles, pastes, cups, brushes and tips.

Buyer Products:

  • ProSmile Handy
  
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
  • 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.

Target Products:

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

Target Products:

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

Target Products:

  • TwinCath Two-Lumen Peripheral Catheter
  • Rapid Infusion Catheter (RIC)
  
Ported
Peripheral intravenous catheters that have ports for access and to attach other devices such as infusion pumps.

Target Products:

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

Target Products:

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

Target Products:

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

Target Products:

  • 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.

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:

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

Target 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.

Target Products:

  • Arrow Percutaneous
  • Arrow-Karlan
  • Laparoscopic Cholangiography Balloon Catheter
  
Medical Supplies  
Furnishings  
Bedroom and Bath  
Patient Care Accessories/Furniture
Furniture and accessories designed for hospital patients, such as beds, bed rails, linens, overbed tables, nurse call systems, carts, and other related items.

Buyer Products:

  • ProFeel+
  • C2+/C3+/C4+/C5+/C8+
  • M1+
  
Safety and Sterilization  
Sterilization  
Accessories
Cleaning agents and ancillary products designed to sterilize medical products. Accessories include aerators, biological indicators, Bowie Dick test, chemical indicators, detergents, indicator tapes and other similar items.

Buyer Products:

  • SIRODEM
  
Systems
Cleaning systems that use chemicals, steam and other sanitatry methods to sterilize medical products and supplies.

Buyer Products:

  • SIROMINI B
  • SIROCLAVE VS/SIROCLAVE S
  • SIROCLAVE B
  • SIROCLEAN
  • DAC Universal
  
Tools/Supplies Protection
Devices used to prepare, store and handle surgical devices, which include covers, wraps, tray liners, pouches, cassettes and others.

Buyer Products:

  • SIROSEAL
  
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
  
Orthopedics  
Diagnostic  
Physical Examination  
Densitometry  
Single Parameter  
Extremity
Devices used to measure bone density of the foot.

Buyer Products:

  • Schick Technologies accuDEXA Densitometer
  
Radiology  
X-Ray  
Accessories  
Generators
A device used for delivering variable amounts of power to a system.

Buyer Products:

  • Schick Technologies SDX System
  
Respiratory  
Treatment  
Pneumothorax Catheter Kits
Thin tubes designed to be inserted into the lungs to correct pneumothorax (collapsed lung).

Target Products:

  • Pneumothorax Kit
  
Urology  
Surgical  
Procedure/Region Specific  
Percutaneous  
Nephrostomy  
Drainage Instruments
Instruments used to remove waste fluid from the kidney, such as catheters, malecots, pezzers, nephrostomy tubes and other similar items.

Target Products:

  • Blue FlexTip Percutaneous Cavity Drainage Kits
  
Treatment  
Renal  
Hemodialysis  
Components  
Access Graft Thrombolysis
Device used to plug up the hole in the access vein used for hemodialysis.

Target Products:

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

Target Products:

  • Pressure Injectable PICC Kit
  • You-Bend Two-Lumen Hemodialysis
  • Pediatric Catheter Series
  
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:

  • 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
Target
  Cytyc Corporation n/a 5,029.764 85.30 32.96 7.90 6.75 n/a
Edwards Lifesciences Corp n/a 2,882.123 24.47 22.04 2.76 2.67 8.52
Datascope Corporation n/a 585.469 26.62 24.63 1.54 n/a 2.19
AngioDynamics, Inc. n/a 418.308 n/a 35.54 4.40 3.79 3.77
ABIOMED, Inc. n/a 350.992 n/a -14.87 6.93 5.89 3.99
DURECT Corporation n/a 332.435 n/a -9.70 14.83 11.82 13.99
Merit Medical Systems, Inc. n/a 301.462 23.43 21.87 1.53 1.45 2.15
Delcath Systems, Inc. n/a 93.762 n/a n/a n/a n/a 11.49

- 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
Target
  Kilroy Realty Corporation n/a 2,314.076 30.77 22.94 9.14 8.98 3.54
QAD Inc. n/a 269.729 62.26 37.41 1.13 1.05 5.67
Enturia, Inc. n/a n/a n/a n/a n/a n/a n/a

- Defined by the Company - Defined by Others

Key Customers

  Name Dir Percent Market Cap. P/E Ratio (TTM) Fwd P/E P/R Ratio (TTM) Fwd P/Rev Price To Tang. Book Value
Buyer
  Patterson Companies, Inc. 28.00% 5,087.305 24.42 21.21 1.82 1.68 8.22
Henry Schein, Inc. 17.00% 4,894.809 25.63 21.94 0.92 0.84 8.68

- 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
  Patterson Companies, Inc. n/a 5,087.305 24.42 21.21 1.82 1.68 8.22
Henry Schein, Inc. n/a 4,894.809 25.63 21.94 0.92 0.84 8.68
Straumann A.G. n/a n/a n/a n/a n/a n/a n/a
Target
  King Pharmaceuticals, Inc. n/a 4,266.546 12.05 10.07 2.11 2.13 3.64
Enturia, Inc. n/a n/a n/a n/a n/a n/a n/a
The Cleveland Clinic Foundation n/a n/a n/a n/a n/a n/a n/a
Kimal PLC n/a n/a n/a n/a n/a n/a n/a

- Defined by the Company - Defined by Others

Financials

  Buyer Target Combined Entity
Income Statement
Operating Items
Revenue 577.8 508.0 1,085.8
Other Revenue 0.0 0.0 0.0
Total Revenue 577.8 508.0 1,085.8
Cost of Revenue 312.6 252.1 564.6
SG&A Expense 191.8 136.9 328.7
Depreciation & Amortization 0.0 0.0 0.0
Research & Development 30.5 27.2 57.7
Interest Expense 0.0 0.0 0.0
Other Operating Expense 0.6 0.0 0.6
Unusual Expense (Income) 27.1 1.8 29.0
Total Expenses 562.6 418.0 980.7
Operating Income 15.2 90.0 105.2
Non Operating Items
Interest Expense (Inc.), Net Non-Oprtng -32.9 4.7 -28.2
Other, Net 3.0 -1.6 1.4
Income Before Taxes -5.0 93.1 88.1
Income Taxes -0.7 32.0 31.2
Income After Taxes -4.3 61.1 56.8
Minority Interest (IS) -0.1 0.0 -0.1
Net Income - Excl. Xord. Items -4.3 61.1 56.8
Net Income - Incl. Xord. Items -4.3 61.1 56.8
Income Avail. to Common -4.3 61.1 56.8
Share Items
Basic Avg. Shares Outstanding 54.7 45.2 99.9
Basic EPS - Excl. Xord. Items n/a 1.35 0.57
Basic EPS - Incl. Xord. Items n/a 1.35 0.57
Full Dilution Adjustment 0.0 0.0 0.0
Fully Diluted Shares Outstanding 54.9 45.7 100.6
F.D. EPS - Excl. Xord. Items n/a 1.34 0.56
F.D. EPS - Incl. Xord. Items n/a 1.34 0.56
Dividends Per Common Share 0.00 0.76 0.76
Balance Sheet
Assets
Cash and Equivalents 43.3 160.2 203.4
ST Investments 0.0 13.2 13.2
Accounts Receivable 91.0 104.8 195.8
Inventory 72.7 114.0 186.6
Prepayments and Advances 15.9 13.5 29.3
Other Current Assets 7.2 12.5 19.7
Current Assets 230.0 418.1 648.1
PPE 89.7 382.7 472.3
Accum D&A -22.3 -201.6 -224.0
PPE, Net 67.3 181.1 248.4
Goodwill & Intangibles 1,237.2 83.8 1,321.0
Long Term Investments 1.2 0.0 1.2
Other Assets 0.0 0.0 0.0
Other LT Assets 11.2 43.3 54.5
Total Assets 1,546.9 726.2 2,273.1
Liabilities
Accounts Payable 0.0 19.0 19.0
Payable/Accrued 29.8 0.0 29.8
Accrued Expenses 74.1 38.8 112.8
ST Debt 0.0 63.9 63.9
Curr Port of LTD & Cap Lease Oblg 12.9 1.0 13.8
Other (Current) Liabilities 9.0 15.7 24.7
Current Liab. 125.8 138.4 264.2
LT Debt 515.8 0.0 515.8
Total LT Debt 515.8 0.0 515.8
Minority Interest (BS) 0.2 0.0 0.2
Deferred Taxes 230.8 11.4 242.1
Other LT Liab. 158.3 20.2 178.5
Total Liabilities 1,030.9 169.9 1,200.8
Shareholders Equity
Common Stock 0.5 45.7 46.2
Additional Paid in Capital 594.0 45.0 639.1
Retained Earnings -44.7 502.4 457.7
Treasure Stock 0.0 -50.7 -50.7
Other Equity -33.8 13.9 -19.9
Total Equity 516.0 556.3 1,072.3
Total Liab. & Equity 1,546.9 726.2 2,273.1
Shares Outstanding 54.7 45.3 100.0
Cash Flow
Operating Cash Flow
CF Net Income -4.3 61.1 56.8
CF Depreciation 77.9 20.7 98.6
CF Amortization 0.0 7.7 7.7
CF Deferred Taxes -31.1 0.5 -30.5
Other Non-Cash Items 27.7 7.7 35.4
Change in Working Capital -15.5 -7.9 -23.4
Total Cash From Operating Activities 54.7 89.8 144.5
Investing Cash Flow (not calculated)
Capital Expenditures -25.5 -31.2 -56.7
Other Investing Cash Flows 15.2 -14.9 0.4
Total Cash From Investing Activities -10.3 -46.1 -56.3
Financing Cash Flow (not calculated)
Dividends Paid 0.0 -32.4 -32.4
Purchase Or Sale of Stock 0.2 7.4 7.6
Purchase and Retirement of Debt -72.0 9.0 -63.0
Other Financing Cash Flow -3.1 0.2 -3.0
Total Cash From Financing Activities -75.0 -15.8 -90.8
Exchange Rate Effects 5.6 1.4 7.0
Net Change in Cash -25.0 29.4 4.4
Cash Taxes Paid 29.5 32.3 61.8
Cash Interest Paid 43.1 0.8 43.9