CooperCompanies buys Cook Medical’s reproductive health business for $875M

Cook Medical announced today that it has signed a letter of intent to sell its Reproductive Health business to CooperCompanies.

CooperCompanies (NYSE:COO) plans to pay privately-held Cook Medical $875 million — $675 million at closing, with the remaining $200 million paid in four $50 million annual installments.

The proposed deal is subject to applicable local consultation obligations and regulatory approvals.

For more than 40 years, Cook focused on Reproductive Health. Over the decades, it developed products for obstetrics and gynecology, in vitro fertilization (IVF) and assisted reproductive technology (ART).  The company’s work included developing the first needle specifically for IVF treatments.

“Our history with reproductive health has been full of innovations to help patients fulfill their dreams of having a family,” D.J. Sirota, SVP of Cook Medical’s MedSurg specialty, said in a news release.

“This agreement represents more tha…

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  • February 7, 2022
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CooperSurgical acquires Aegea Medical and its water vapor ablation system

Aegea Medical’s Mara water vapor ablation system [Image courtesy of CooperSurgical]CooperCompanies’ (NYSE:COO) CooperSurgical business has purchased Aegea Medical, nearly a year after Aegea secured FDA approval for its Mara water vapor ablation system for treating heavy menstrual bleeding.

The financial terms of the deal were not disclosed in the companies’ announcement yesterday.

The companies pointed out an international, multi-center pivotal clinical trial enrolling 155 women, in which 93% of women reported no to moderate bleeding after treatment with the Mara system. The two-minute, in-office Mara treatment ablates the lining of the uterus — the source of heavy menstrual bleeding among pre-menopause women.

“The Mara water vapor ablation system gives women a great option for a safe and convenient in-office procedure to help with what can often be a debilitating health issue,” CooperSurgical CEO Holly Sheffield said in a news release. Read more

  • February 3, 2021
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