In an attempt to expand its North American footprint,
Cantel Medical Corp.
), a leading provider of infection prevention and control
products, came up with its new acquisition deal. Recently Mar Cor
Purification, Inc., a subsidiary of Cantel acquired Siemens Water
Technologies' hemodialysis water unit. Financial terms of the
deal were not disclosed.
This is Mar Cor's second acquisition this year since it
acquired Eagle Pure Water Systems, Inc. on Jan 7, 2013. Cantel
expects this acquisition to be slightly accretive to its earnings
in fiscal 2013 and beyond.
In 2012, Mar Cor generated revenue of $9 million and had a
customer base of 600 across the United States and Canada.
According to Cantel, apart from expanding in North America, this
acquisition will help the company to grow its filtration and
water purification business.
Cantel expects this acquisition to fortify its position in the
dialysis industry by providing water purification products and
services. Cantel noted that following this acquisition, Mar Cor
will be in a position to establish itself across new regions and
will increase productivity through current operations. The
company looks forward to enhance its customer base and provide
efficient customer service.
Based on Mar Cor's advanced heat-based disinfection water
technology in infection prevention and control, Cantel expects
its water purification and filtration segment to outperform in
Cantel's products include disinfectants and cleaners,
specialized medical device reprocessing systems for endoscopy and
renal dialysis water purification equipment, sterilants and
hollow fiber membrane filtration and separation products. The
company also gives customer support in form of technical
maintenance and provides training for transport and biological
Currently, Cantel carries a Zacks Rank #3 (Hold). However, we
are more positive about other stocks such as
Given Imaging Ltd.
), which carry a Zacks Rank #1 (Strong Buy) as well as
Atossa Genetics, Inc.
), which carries a Zacks Rank #2 (Buy).
ATOSSA GENETICS (ATOS): Get Free Report
CANTEL MED CORP (CMN): Free Stock Analysis
CYBERONICS INC (CYBX): Free Stock Analysis
GIVEN IMAGING (GIVN): Free Stock Analysis
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