Mergers & acquisitions: CareFusion hits the BRICs with buyout of Brazil's Intermed
CareFusion says it plans to acquire Brazilian medical device company Intermed Equipamento Medico Hospitalar for an undisclosed amount.
Sao Paulo-based Intermed makes ventilators and respirators for the hospital market in Latin America and Brazil.
"The acquisition of Intermed complements our global respiratory product platform and advances our strategy to expand outside of the U.S. through investments that build scale and local capabilities in high-value markets," CareFusion chairman & CEO Kieran Gallahue said in prepared remarks . "Intermed brings a strong distributor network, local manufacturing capabilities and a new product portfolio that we believe can serve as a base for CareFusion to continue our global expansion efforts in Latin America."