BAXTER INTERNATIONAL INC acquired Cook Pharmaceutical Solutions for $220M, a transaction completed in August 2001, structured as Acquisition of a business unit from Cook Group Incorporated; approximately $220 million funded with Baxter common stock (about 2.1 million shares) and $111 million in cash.
Cook Pharmaceutical Solutions operates in Medication Delivery, is based in Bloomington, Indiana, United States. Baxter acquired Cook Pharmaceutical Solutions, formerly a unit of Cook Group Incorporated, a Bloomington, Indiana contract manufacturer specializing in the sterile filling of syringes and vials. The purchase supported Baxter's strategy of becoming a full-line provider of drug-delivery solutions and added specialized fill-finish capacity and a skilled manufacturing, R&D and quality workforce.
Expanded Baxter's contract manufacturing and sterile fill-finish capabilities, advancing its aim to be a full-line provider of drug-delivery services.
Advisory firms were not disclosed for this transaction.