B. Braun to Buy NxStage Medical's Bloodlines Business
July 19 2018 - 11:05AM
Dow Jones News
By Colin Kellaher
B. Braun Medical Inc. on Thursday said it agreed to buy NxStage
Medical Inc.'s (NXTM) bloodlines business in a deal that could help
pave the way for Fresenius Medical Care AG's (FME.XE, FMS) $2
billion takeover of NxStage.
B. Braun, part of closely held B. Braun Melsungen AG of Germany,
said the deal adds the Streamline bloodline to its dialysis product
portfolio.
The Bensalem, Pa., maker of medical products said it expects to
complete the acquisition this year, contingent upon the closing of
the Fresenius/NxStage deal.
In a filing with the Securities and Exchange Commission, NxStage
said it agreed to the divestiture in an effort to gain FTC
clearance of the Fresenius deal, which it still expects to close in
2018.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 19, 2018 10:50 ET (14:50 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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