Specialized Health Products Completes Merger by C.R. Bard Inc.

Specialized Health Products International, Inc., a leading developer, manufacturer and marketer of proprietary safety medical products, announced that it has completed its merger into a wholly owned subsidiary of C. R. Bard, Inc., a leading multinational medical technologies company, for cash consideration of $68.4 million, or $1 per share. The transaction was overwhelmingly approved by Specialized Health Products stockholders at a special meeting held on June 5, with 90 percent of the votes cast in favor of the merger.

Specialized Health Products manufactures and markets vascular access products, including winged infusion sets, which are used to deliver therapeutic agents through vascular access ports. Many of its devices, including the SafeStep(R) Huber Needle Set, are designed to reduce the risk of accidental needlesticks for both patients and clinicians. Specialized Health Products is currently an original equipment supplier of winged infusion sets to Bard.

C. R. Bard, Inc. headquartered in Murray Hill, NJ, is a leading multinational developer, manufacturer and marketer of innovative, life-enhancing medical technologies in the fields of vascular, urology, oncology and surgical specialty products.

SOURCE: Utah Business Magazine