Theragenics buys Galt Medical via $31 million cash/stock deal.

Medical Device Daily | August 4, 2006 | Copyright

Theragenics buys Galt Medical via $31 million cash/stock deal

A Medical Device Daily Staff Report

Theragenics (Buford, Georgia), a company serving the cancer treatment and surgical markets, reported that it has acquired Galt Medical (Garland, Texas) in a cash and stock deal.

Theragenics paid about $31.9 million for Galt, consisting of about $28.8 million in cash and the issuance of 978,000 common shares valued at $3.1 million. Theragenics said it financed $7.5 million of the purchase price with borrowings on its existing $40 million credit ...

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