Cantel Medical to Acquire Hu-Friedy for $725m

Cantel Medical Corp., a $880m manufacturer of medical equipment announced plans to buy Hu-Friedy Mfg. Co., a maker of dental instruments and reprocessing equipment for $725m. The deal helps build out a portfolio of infection prevention solutions including consumables, instrumentation and workflow management programs for dental practitioners while also complementing Cantel’s device reprocessing offerings in both the medical and dental spaces. The combination will be "a stronger instrument reprocessing workflow and infection prevention and compliance solutions company, primarily serving the dental industry". Cantel plans to integrate Crosstex's infection prevention consumables into Hu-Friedy's instrument management system. Deal value - $725m plus $50m in milestones, on $214m in revenue (3.4x).

Keywords: Healthcare Investment Banking, Healthcare M&A, Healthcare mergers