Cantel Medical Acquires Accutron

On Aug 2, 2016

Cantel Medical Corp., a Little Falls-based company dedicated to delivering infection prevention products and services, today announced that it has acquired Accutron, Inc., the industry leading manufacturer of nitrous oxide delivery systems and single-use nasal masks, for a purchase price of approximately $52.5 million.

For the calendar year ending December 31, 2015, Accutron reported revenues (unaudited) of $20.5 million. Cantel anticipates the acquisition to be accretive to GAAP and Non-GAAP earnings per share in the fiscal year ending July 31, 2017and beyond.

Jorgen B. Hansen, President and CEO of Cantel said, “We are pleased to welcome Accutron to the Cantel family.  The addition of Accutron’s portfolio of high quality, conscious sedation single-use nasal masks and equipment will further differentiate our infection prevention product offering. Single-use nasal masks are critical to eliminating cross-contamination of infectious pathogens between patients, and remains consistent with our strategy of providing customer solutions aimed at infection prevention and patient safety.”

Gary Steinberg, President and CEO of Crosstex International, said, “Approximately 45 million dental patients undergo anesthesia annually in North America, with nitrous oxide constituting a significant component of such anesthesia in about halfof these procedures. The acquisition of the market leader in nitrous oxide single-use nasal masks and equipment allows us to not only further expand our presence in the dental practice, but also further enhance our comprehensive portfolio of infection prevention products.  We look forward to continuing our drive to provide complete infection prevention solutions for dental practices globally.”

The acquisition of Accutron will expand the dental portfolio of Crosstex International, Cantel’s Healthcare Disposables segment, to include an additional high quality branded single-use disposable product line. In addition, this marks the Company’s first entry into the dental equipment market, enabling Cantel to expand its presence in dental offices and offer a full bundled portfolio of equipment and consumables.

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