BD to Buy Edwards Life’s Critical Care Unit for $4.2 Billion
- The transaction is seen closing by the end of this year
- Purchase will be immediately accretive to BD’s profit
Edwards Lifesciences in Irvine, Californina
Photographer: MediaNews Group/Orange County Re/MediaNews Group RMThis article is for subscribers only.
Becton Dickinson & Co. agreed to buy the critical care unit of Edwards Lifesciences Corp. for $4.2 billion in cash to expand its range of medical monitoring products.
The unit has about 4,500 employees, with most based in Irvine, California, and generated more than $900 million in revenue last year, Becton said in a statement Monday. The transaction is expected to close before the end of the calendar year, it said.