BAXTER INTERNATIONAL INC acquires SIGMA International General Medical Apparatus, LLC

BAXTER INTERNATIONAL INC acquired SIGMA International General Medical Apparatus, LLC for ~$90M, a transaction completed in April 2012, structured as Exercise of purchase option to acquire the remaining 60% of a company in which Baxter already held a 40% equity stake; all-cash.

SIGMA International General Medical Apparatus, LLC operates in Medical Products, is based in Medina, New York, United States. Baxter exercised its option and completed the purchase of SIGMA International General Medical Apparatus, a privately held company based in Medina, New York, acquiring the remaining 60 percent of the company for approximately $90 million in cash. Baxter had entered into an agreement with SIGMA in 2009 covering exclusive global distribution of its infusion pumps, a 40 percent equity stake, and an option to buy the rest of the company. SIGMA develops and manufactures smart infusion pump technology, including the Spectrum large volume pump, and the deal brought Baxter SIGMA's product development pipeline of multiple infusion technologies.

Built on Baxter's leadership in IV medication and fluid delivery by adding SIGMA's smart infusion systems, expanding Baxter's ability to provide clinicians with a comprehensive bedside medication delivery solution.

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.