M&A
confidence high
sentiment positive
materiality 0.80
CooperCompanies to acquire Cook Medical's Reproductive Health business for $875M
COOPER COMPANIES, INC.
- Deal consideration: $675M at closing plus $200M in four $50M annual installments.
- Cook's Reproductive Health had ~$158M revenue in 2021, up ~17% YoY in constant currency.
- Expected to be accretive to non-GAAP EPS by ~$0.60 in the first year after closing.
- Acquisition enhances CooperSurgical's international fertility footprint and ObGyn device portfolio.
- Closing subject to regulatory approvals, definitive agreement, and local consultation requirements.