British medical technology company Smith & Nephew announced on Wednesday, November 28th that it will take over Healthpoint Biotherapeutics, a US-based specialist for wound management for approx. $782m.
According to company information Healthpoint will generate a $190m revenue in 2012 with its products. The US-company based in Fort Worth (Texas) is a subsidiary of DFB Pharmaceuticals Inc. and has a staff of 460 (including 215 sales representatives). In the fiscal year that ended on December 31st, 2011 Healthpoint generated a $151m revenue and realized a profit of $11m.
With the take-over of Healthpoint S&N has direct access to the $1bn market of bioactive wound management. That this market segment seems profitable is expressed by the purchase price of four times the expected sales (equating 18 times the earnings before income and tax).
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