BAXTER INTERNATIONAL INC acquired Althin Medical AB for $130M, a transaction completed in March 2000, structured as Purchase of a controlling interest followed by a public tender offer for the remaining shares; cash and stock.
Althin Medical AB operates in Renal, is based in Ronneby, Sweden. Baxter acquired Althin Medical A.B., a leading manufacturer of hemodialysis products based in Ronneby, Sweden. The acquisition greatly expanded Baxter's hemodialysis product offering and strengthened its position in the global HD marketplace, adding the Tina hemodialysis machine to Baxter's renal portfolio.
Expanded Baxter's hemodialysis product line and global HD market position.
Advisory firms were not disclosed for this transaction.