Femcare Acquires Orion Medical Supplies in £3.6M Deal
Utah Medical Products (UTMD) announced that its Femcare unit has acquired all ordinary shares of U.K.-based Orion Medical Supplies for £3.6 million in cash. The acquisition is expected to add approximately $6 million annually to sales and provide opportunities for geographic expansion, leveraging Femcare's existing infrastructure. The integration will occur at Femcare’s Romsey facilities, aiming to improve operational efficiency and margins. This strategic move aligns with Utah Medical Products' efforts to strengthen its market position in the medical supplies sector.
Tickers: $UTMD
Topics: acquisition Femcare Orion Medical Supplies Utah Medical Products