EW - BD Bolsters Portfolio With $4.2B Cash Deal For Edwards Lifesciences' Critical Care Group: Details | Benzinga
Shares of medical technology company Becton, Dickinson And Company (NYSE:BDX) are trading higher after the company said it will acquire Edwards Lifesciences Corp’s (NYSE:EW) Critical Care product group, an advanced monitoring solutions provider, for $4.2 billion in cash.
Critical Care has approximately 4,500 employees, most of whom are based in Irvine, California. In 2023, the business generated more than $900 million in revenue.
This acquisition is set to enhance BD’s portfolio in smart connected care solutions, providing significant value creation opportunities. The transaction is expected to be immediately accretive to all key financial measures, including revenue growth, adjusted gross and operating margins, and adjusted earnings per share.
Critical Care, serves millions of patients worldwide with its ...