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CooperVision will sell its Richards Medical unit.

September 22, 1986

Eight months after it acquired Richards Medical and another concern in a $350-million deal, CooperVision said it will sell its Richards Medical orthopedics division to Smith & Nephew Associated Cos. of London for about $284 million in cash. CooperVision said the proceeds will be used to reduce the debt that it incurred in the February purchase.

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