Another merger: Kyphon to buy St. Francis Medical Technologies for $525 million
Kyphon who makes medical devices will purchase St. Francis Medical Technologies who make a spinal device for $525 million.
UPDATE 2-Kyphon to buy spine product maker for $525 mln | Reuters.com:
Since I don’t keep up as actively in the medical devices as I do in the pharma/bitech areas I’m not sure what the impact of this will be. This appears from what I’ve read to be a good merger and may be driven by the need for diversification.
Technorati Tags: pharma M&A, pharmaceutical deals
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