Analyst Research Report Snapshot

Title:

CONSORT MEDICAL - KING IS GONE, LONG LIVE BESPAK

Price:

$10.00

Provider:

Edison Investment Research

Date:

21 Dec 2012

Pages:

5

Type:

AcrobatPDF

Companies referenced:

CSRT.L

Available for Immediate Download
Summary:

Consort Medical has sold its King Systems airways management products division to the Danish company, Ambu. The headline $170m figure consists of a $120m upfront payment, with $10m due on the launch of the low-cost King Vision blade and up to $40m as an earn out over three years. The proceeds will be initially used to reduce debt, but clearly acquisitions to bolster Bespak are now on the agenda.

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