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Article: Encore Medical Corporation Enters Agreement to Sell U.S. Consumer Product Line.
- Article from:
- PR Newswire
- Article date:
- June 9, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AUSTIN, Texas, June 9 /PRNewswire-FirstCall/ -- Encore Medical Corporation announced today that it has entered into an agreement to sell its Slendertone(R) U.S. consumer product line for cash consideration of approximately $6.8 million primarily for the Slendertone inventory and all of Encore's distribution rights to Slendertone products in the U.S. The purchaser is Bio-Medical Research Limited, an Ireland based private company, that developed, manufactures, distributes and owns all intellectual property rights to the Slendertone product line. Encore intends to use the net proceeds from this sale toward Encore's core Surgical Implant and Orthopedic Rehabilitation ...