Cantel Medical Corp. Announces Strategic Acquisition of Service Business by Its Carsen Subsidiary.Business Editors LITTLE FALLS Little Falls is the name of some places in the United States of America:
CANTEL MEDICAL CORP. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM:CNTL CNTL Control ) announced today that its subsidiary, Carsen Group Inc., a leader in marketing, distribution and servicing of medical equipment, located in Markham, Ontario, Canada, has acquired the Technimed medical device service business located in Montreal, Canada. The acquisition of this service business provides Carsen with access to a well-established customer base and technical management experience in hand-held surgical instrumentation and rigid endoscope endoscope, any instrument used to look inside the body. Usually consisting of a fiber-optic tube attached to a viewing device, endoscopes are used to explore and biopsy such areas as the colon and the bronchi of the lungs. repair that is well recognized across Canada for its quality of service and workmanship. To further leverage this acquisition, Carsen will utilize its dedicated instrument service technical representatives to bundle products and services across the country. James P. Reilly, President and Chief Executive Officer of CANTEL, commented, "When combined with its existing flexible endoscope repair business, this acquisition positions Carsen as the only company in Canada to truly provide a comprehensive `Made in Canada' solution for the repair of both flexible and rigid endoscopes, as well as hand-held open and endoscopic en·do·scope n. An instrument for examining visually the interior of a bodily canal or a hollow organ such as the colon, bladder, or stomach. en surgical instruments. We will enjoy significant new sales synergies from this acquisition, which we believe will improve our future growth opportunities." Cantel Medical Corp. is a healthcare company concentrating primarily in infection prevention and control products and diagnostic and therapeutic medical equipment. Through its United States subsidiaries, Minntech Corporation and MediVators, Inc., Cantel serves customers worldwide by designing, developing, manufacturing, marketing and distributing innovative products for the infection prevention and control market, by utilizing its proprietary core technologies in chemicals, hollow fibers, and electronics, to develop a wide variety of medical device reprocessing Reprocessing may refer to:
n the process of destroying pathogenic organisms or rendering them inert. disinfection, full oral cavity, n a procedure used to reduce active periodontal disease, usually completed within a certain short time frame. , cardiosurgery, pharmaceutical, biotechnology and semiconductor industries. Minntech is a world leader in renal dialyzer dialyzer /di·a·lyz·er/ (di´ah-liz?er) hemodialyzer. di·a·lyz·er n. 1. A machine equipped with a semipermeable membrane and used for performing dialysis. 2. reprocessing, providing a broad product line that includes a reprocessing system and a sterilant sterilant a sterilizing agent, i.e. an agent that destroys microorganisms. that each command the largest market share in the U.S. in their respective categories. Through its Canadian subsidiary, Carsen Group Inc., Cantel markets and distributes medical equipment (including flexible and rigid endoscopes), precision instruments (including microscopes and high performance image analysis hardware and software) and industrial equipment (including remote visual inspection devices). Cantel's subsidiaries also provide technical maintenance services for their own products, as well as for certain competitors' products. For further information, visit the Cantel Web site at www.cantelmedical.com. This press release contains forward-looking statements. All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the Company's filings and reports with the Securities and Exchange Commission. Such statements are only predictions, and actual events or results may differ materially from those projected. |
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