Bard Acquires Source Tech Medical.Business Editors MURRAY HILL, N.J.--(BUSINESS WIRE)--June 16, 2003 C. R. Bard C. R. Bard, Inc. (NYSE: BCR) is one of the large S&P 500 companies of the United States, a surgical specialties and hospital medical device manufacturer in Murray Hill, New Jersey. It is named after its founder, who sold the company within only a few years of its founding. , Inc. (NYSE-BCR) today announced that it has acquired substantially all of the assets of Source Tech Medical, L.L.C., (SourceTech). Terms of the transaction were not disclosed. SourceTech, headquartered in Carol Stream, Illinois Carol Stream is a village in DuPage County, Illinois, United States. Incorporated on January 5, 1959, and named after the developer's daughter, Carol Stream had a population of 40,438 as of the 2000 US census. Pre-History A veteran of the War of 1812, Anning S. , is a developer, manufacturer and marketer of iodine radioactive isotope radioactive isotope or radioisotope, natural or artificially created isotope of a chemical element having an unstable nucleus that decays, emitting alpha, beta, or gamma rays until stability is reached. seeds used in brachytherapy procedures for the treatment of prostate cancer prostate cancer, cancer originating in the prostate gland. Prostate cancer is the leading malignancy in men in the United States and is second only to lung cancer as a cause of cancer death in men. . The company has been Bard's primary supplier of iodine seeds for the U.S. market. William H. Longfield, chairman and chief executive officer, commented, "The acquisition of SourceTech furthers our objective of becoming the leader in the delivery of brachytherapy seeds and services. Vertically integrating the manufacture of iodine seeds is a significant step, giving us greater flexibility and control of our business. This has been an objective of our brachytherapy strategy since entering this market and I am pleased to have reached this important milestone." The Company said that this transaction does not change its guidance for 2003. C. R. Bard, Inc., (www.crbard.com) headquartered in Murray Hill, New Jersey
This press release contains forward-looking statements, the accuracy of which is necessarily subject to risks and uncertainties. Please refer to our March 31, 2003, Form 10-Q for a statement with regard to forward-looking statements, including disclosure of additional factors that could cause actual results to differ materially from those expressed or implied. |
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