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Business Briefing / Healthcare

Beckman announces acquisition

February 28, 2009|Times Wire Reports

Beckman Coulter Inc., the Fullerton-based maker of equipment used in medical tests, purchased Olympus Corp.'s diagnostics business for $792 million, Chief Executive Scott Garrett said.

Acquisition of the Tokyo-based company's diagnostics systems gives Beckman the world's biggest maker of endoscopes. The deal will close in the third quarter and add to Beckman Coulter's earnings in 2010, the company said.

For The Record
Los Angeles Times Thursday, March 12, 2009 Home Edition Main News Part A Page 4 National Desk 1 inches; 37 words Type of Material: Correction
Beckman Coulter: An article in Business on Feb. 28 about Beckman Coulter Inc.'s purchase of Olympus Corp.'s diagnostics business said the deal would give Beckman the world's biggest maker of endoscopes. The deal does not include endoscopes.

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