WASHINGTON (dpa-AFX) - CooperCompanies (COO) said that CooperSurgical has acquired obp Medical Corporation for about $60 million.
obp Medical Corp. is a U.S. based medical device company that develops and markets differentiated products including single-use vaginal speculums with integrated LED illumination.
The products being acquired generated about $10 million of trailing twelve-month revenue.
The acquisition is expected to be neutral to Cooper's non-GAAP earnings per share in fiscal 2021.
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