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    Friday, February 22, 2008

    HemCon Medical Technologies Buys Irish Healthcare Firm


    Portland, Oregon-based HemCon Medical Technologies said Friday that it intends to acquire Dublin, Ireland-based Alltracel Pharmaceuticals Plc. financial terms of the deal were not disclosed. HemCon said it is looking to acquire Alltracel Pharmaceuticals in a cash-for-stock agreement through a new firm, Castlerise Investments Limited, which will be a wholly owned subsidiary of HemCon. HemCon said the deal will create a firm with projected revenues of over $100M. HemCon is a developer of bandages and dressings used to stem bleeding from trauma; the firm's products are used by the military and emergency medical professionals. Bank of America N.A. is managing the financing for the transaction.
    posted on Friday, February 22, 2008


    Related companies:
    HemCon Medical Technologies

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