Symmetry Medical Acquires J&Js Codman Surgical Instruments Business for $165M Cash

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Symmetry Medical to Acquire the Surgical Instruments Business of Codman & Shurtleff (press release)
Summary of Strategic and Financial Benefits of the Transaction

Diversifies Symmetry's revenue base with higher margin hospital direct business representing ~25% of total revenue; 2011 pro-forma revenue for the acquired surgical instrument business is approximately $60 million;
Strengthens Symmetry's intellectual property portfolio;
Adds strategic logistics and procurement capabilities in Tuttlingen, Germany to service Symmetry's OEM and hospital customers;
Enhances Symmetry's...

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