BioCentury
ARTICLE | Company News

American Medical Systems Holdings Inc., Endo deal

April 18, 2011 7:00 AM UTC

Endo will acquire pelvic health company American Medical for $30 per share, or about $2.9 billion in cash, including the repayment of $312 million of American Medical's debt. The price is a 34% premium to American Medical's close of $22.33 on April 8, before the deal was announced. The boards of both companies unanimously approved the deal, which is expected to close late next quarter.

Endo said the acquisition will strengthen its urology franchise, which includes prostate cancer treatment Vantas histrelin, and urology services and technology from last year's acquisition of HealthTronics Inc. American Medical markets medical devices and therapies for male and female pelvic health, including its GreenLight laser technology to treat benign prostatic hyperplasia (BPH), as well as products to treat incontinence, erectile dysfunction, pelvic floor prolapse and other pelvic disorders. American Medical had 2010 sales of $542.3 million (see BioCentury, July 19, 2010). ...