Cooper Subsidiary Acquires MedaSonics
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The Cooper Cos. Inc., a Lake Forest maker of specialty health-care products, said Wednesday that one of its units purchased MedaSonics Inc. in a cash-and-stock deal worth a total of $7.1 million.
Cooper said in a press release that the purchase by its CooperSurgical unit includes a line of hand-held and compact Doppler ultrasound systems used in obstetrics and gynecology, as well as in cardiology and other medical specialties.
Cooper paid 190,763 shares of its common stock valued at $6.6 million on the closing date and $500,000 in cash for MedaSonics. The Doppler line of products generated revenue of about $4 million last year.
Cooper stock closed unchanged Wednesday at $34.75 on the New York Stock Exchange.
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