BAXTER INTERNATIONAL INC acquires Research Medical, Inc.

BAXTER INTERNATIONAL INC acquired Research Medical, Inc. for $239M, a transaction completed in March 1997, structured as Acquisition principally settled with 4,801,711 shares of Baxter common stock.

Research Medical, Inc. operates in CardioVascular, is based in Midvale, Utah, United States. Baxter acquired Research Medical, Inc., a provider of specialized products used in open-heart surgery. The acquisition strengthened Baxter's cardiovascular surgery product line, adding cannulae, cardioplegia and related devices used during cardiac procedures.

Broadened Baxter's cardiovascular surgery portfolio with specialized open-heart surgery products.

Advisory firms were not disclosed for this transaction.

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