CooperCompanies Archives - Medical Design Sourcing

Cook Medical today agreed to sell some reproductive health and otolaryngology product lines to Cooper Cos., the companies announced.

The purchase price was $300 million. The products in the sale represent about 2.5% of Cook Medical’s sales. Manufacturing will get transferred to Cooper Cos. over a two-year period.

The news comes about three months after the Federal Trade Commission announced that the companies had abandoned a proposed $875 million acquisition of the Cook Medical Reproductive Health business. The FTC had investigated whether the previous deal was anti-competitive.

The new deal includes select products from Cook Medical’s maternal fetal medicine portfolio — as well as gynecological surgery products, Doppler monitor technology, disposable devices, and accessories.

“This acquisition is an excellent strategic fit for CooperSurgical,” CooperSurgical President Holly Sheffield said in a news release. “We’re adding highly synergistic …

The FTC issued a statement announcing that it learned that the Cooper Companies terminated its planned acquisition of a Cook Medical business.

In February 2022, Cook Medical signed a letter of intent to sell its Reproductive Health business to CooperCompanies. The deal totaled $875 million. Cooper agreed to pay $675 million at closing and the remaining $200 million in four $50 million annual installments.

Cook Medical’s Reproductive Health business developed products for obstetrics and gynecology, in vitro fertilization (IVF) and assisted reproductive technology (ART).  That includes developing the first needle specifically for IVF treatments, the company previously said.

The companies anticipated the closing of the deal could come as soon as the second quarter of 2022. However, the FTC launched an investigation to determine whether the deal was potentially anti-competitive.

Upon learning of the decision to terminate the acquisition, FTC Bur…

CooperCompanies

Cooper Companies spends $300M on some Cook Medical product lines

Cooper Companies abandons $875M Cook Medical Reproductive Health business acquisition