Bard to divest its surgical suction product line.
MURRAY HILL Murray Hill may refer to one of the following places: - Murray Hill, Kentucky
- Murray Hill, Manhattan, a residential neighborhood in New York City
- Murray Hill, Queens, a different locality in New York City
- Murray Hill, New Jersey
- Murray Hill, Pennsylvania
, N.J.--(BUSINESS WIRE)--May 29, 1997--C.R. Bard, Inc. (NYSE-BCR) today announced that it has reached a definitive agreement for the sale of its surgical suction product line to Conmed Corporation headquartered in Utica, New York - This article is about Utica in New York, USA. For other places with this name, see Utica.
Utica, New York is a city in the state of New York, and the county seat of Oneida County. The current mayor of Utica is Timothy Julian. . The surgical suction product line, with annual revenue of approximately $25 million, is currently distributed through Bard's Medical Division under the Davol and Bard trademarks. Subject to government clearance, a closing date is anticipated within sixty (60) days. Terms of the sale were not disclosed.
"This sale is part of our strategic initiative to divest those product lines which do not fit Bard's disease state management product focus," commented William H. Longfield, chairman and chief executive officer. "Bard's concentration is on products for vascular, urological and oncological diagnosis and intervention as well as certain surgical specialty surgical specialty A specialty of health care in which interventions constitute a significant component of Pt management Examples OB/GYN, ophthalmology, ENT, surgery–cardiothoracic, colorectal, general, neurologic, orthopedic, plastic, urology. product lines. We will continue to increase our investment in research and development for these emphasis product groups."
C.R. Bard, Inc., headquartered in Murray Hill, New Jersey - For other places with the same name, see Murray Hill.
Murray Hill is an unincorporated area within portions of both Berkeley Heights and New Providence, located in Union County in north-central New Jersey. , is a leading multinational developer, manufacturer and marketer of health care products.
CONTACT: E. L. Parker
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.
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