Aug 22 (Reuters) - Swedish medical-equipment maker
Getinge said on Thursday it will acquire U.S.-based
organ transport company Paragonix Technologies for about $477
million.
Getinge will acquire all the issued and outstanding shares
of the privately-held Paragonix on a cash and debt-free basis,
adding that the initial payout related to the acquisition will
be financed through a bridge loan provided by Swedish bank SEB
Group.
The acquisition is expected to have a slightly negative
impact on Getinge's adjusted earnings per share in 2024, the
Gothenburg-based company said in a press release.
Paragonix Technologies, headquartered in Waltham,
Massachusetts, is a developer and manufacturer in the organ
transplant industry, focused on improving patient outcomes
through advanced organ preservation solutions, according to its
website.
Getinge, in July, had beat second-quarter earnings
forecasts, as its order intake rose despite some problems with
its packaging and heart products.