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BUSINESS
December 9, 1999
Irvine-based Cooper Companies Inc. said Wednesday its women's health care unit completed its acquisition of a group of women's health care products from BEI Medical Systems Co. Inc. for about $10.5 million in cash. The products generate annual revenue of about $8 million, Cooper said.
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BUSINESS
July 29, 2004 | From Reuters
Vision care products maker Cooper Cos. said that it agreed to buy rival Ocular Sciences Inc. for $1.2 billion in cash and stock, in a bid to create the world's third-largest contact lens company. Pleasanton, Calif.-based Cooper said it was offering $44 a share in cash and stock for Ocular, including $600 million in cash and 10.3 million new Cooper shares. Ocular Sciences, based in Concord, Calif., is the No. 5 maker of contact lenses and has projected 2004 revenue of $342.4 million.
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BUSINESS
August 9, 1996
Citing growing demand for its products, contact lens maker CooperVision Inc. said Thursday that it will double the capacity of its lens plant in Scottsville, N.Y. Groundbreaking is scheduled for October, with the new facility to open in the first quarter of 1997. The company declined to disclose the cost of the project. CooperVision, an Irvine-based subsidiary of Cooper Companies, expanded the Scottsville facility a year ago, nearly doubling its capacity then.
BUSINESS
September 5, 2002 | James S. Granelli
Cooper Cos. reported net income of $13.4 million, or 86 cents a share, for its fiscal third quarter, a 29% increase over earnings of $10.4 million, or 67 cents, for the same period last year. Sales at the Lake Forest maker of contact lenses and surgical products rose 48% to $90.6 million for the quarter ended July 31. Cooper shares rose 23 cents to close at $44 on the New York Stock Exchange, before the results were released.
BUSINESS
February 26, 1998
The Cooper Companies Inc.: The Irvine manufacturer of specialty health care products and services reported that net income for the first fiscal quarter ended Jan. 31 gained 82% to $6 million, or 39 cents a share, from $3.3 million, or 24 cents a share, for the like period last year. Revenue grew 51% to $42.8 million from $28.4 million.
BUSINESS
August 30, 2001 | Reuters
Nearly 20% for Quarter Cooper Cos. on Wednesday posted a gain of nearly 20% in third-quarter profits, due mainly to a lower tax rate than expected and strong sales from its women's health-care business. The Lake Forest provider of health-care products said it earned $10.4 million, or 67 cents a share, up from $8.7 million, or 59 cents a share, a year ago, excluding $1 million in one-time charges. Analysts had estimated earnings of 66 cents a share, according to Thomson Financial/First Call.
BUSINESS
September 5, 2002 | James S. Granelli
Cooper Cos. reported net income of $13.4 million, or 86 cents a share, for its fiscal third quarter, a 29% increase over earnings of $10.4 million, or 67 cents, for the same period last year. Sales at the Lake Forest maker of contact lenses and surgical products rose 48% to $90.6 million for the quarter ended July 31. Cooper shares rose 23 cents to close at $44 on the New York Stock Exchange, before the results were released.
BUSINESS
June 2, 1992
Nu-Med Inc. in Encino said its PsychGroup Inc. unit completed the sale of three psychiatric hospitals to PSG Acquisition Inc., a subsidiary of the Cooper Cos. The purchase price consisted of $16.4 million in cash and the assumption of about $21.5 million of debt. Cooper, a New York-based health-care concern, also is effectively retiring $21.7 million of Nu-Med debt that it held. The hospitals, managed by Nu-Med's PsychGroup Inc. subsidiary, are Hampton Hospital in Westhampton Township, N. J.
BUSINESS
February 3, 1993 | From Times Staff and Wire Reports
Lawsuits Threaten Former Implant Maker: Cooper Cos. Inc., a medical technology company ravaged by lawsuits and federal fraud indictments, warned that potential losses from hundreds of pending breast implant lawsuits could force the company out of business. The disclosure came as Cooper reported a loss of $17.1 million, or 56 cents a share, for its fourth quarter ended Oct. 31.
BUSINESS
August 30, 2001 | Reuters
Nearly 20% for Quarter Cooper Cos. on Wednesday posted a gain of nearly 20% in third-quarter profits, due mainly to a lower tax rate than expected and strong sales from its women's health-care business. The Lake Forest provider of health-care products said it earned $10.4 million, or 67 cents a share, up from $8.7 million, or 59 cents a share, a year ago, excluding $1 million in one-time charges. Analysts had estimated earnings of 66 cents a share, according to Thomson Financial/First Call.
BUSINESS
April 26, 2001 | Dow Jones
A unit of Lake Forest-based Cooper Cos. has acquired the gynecology business unit of MedAmicus Inc. for $4.7 million, the companies said Wednesday. The acquisition by CooperSurgical Inc. is expected to add to Cooper's earnings per share at the end of 12 months. Cooper's shares rose $1.35 to $44.05 on the New York Stock Exchange, while MedAmicus stock was off 10 cents a share, closing at $5.15 in Nasdaq trading.
BUSINESS
March 1, 2001
The Lake Forest manufacturer of specialty health care products said net income for the first fiscal quarter totaled $6.3 million, or 43 cents a share, 43% higher than the $4.4 million, or 31 cents a share, posted a year ago. Sales for the quarter ended Jan. 31 rose 21% to $48.9 million.
BUSINESS
December 9, 1999
Irvine-based Cooper Companies Inc. said Wednesday its women's health care unit completed its acquisition of a group of women's health care products from BEI Medical Systems Co. Inc. for about $10.5 million in cash. The products generate annual revenue of about $8 million, Cooper said.
BUSINESS
February 26, 1998
The Cooper Companies Inc.: The Irvine manufacturer of specialty health care products and services reported that net income for the first fiscal quarter ended Jan. 31 gained 82% to $6 million, or 39 cents a share, from $3.3 million, or 24 cents a share, for the like period last year. Revenue grew 51% to $42.8 million from $28.4 million.
BUSINESS
August 19, 1997 | KAREN E. KLEIN, TIMES STAFF WRITER
Monty Lunde and Rock Hall, former Disney special-effects technicians, ran their company for a decade in an awkward string of three buildings in Burbank. When they decided to consolidate the operation in a Valencia industrial park, they met with city officials to sell them on the rewards of bringing a new employer to town. When they needed quick approvals and permits, Lunde says, they realized just how much those personal relationships helped. * We moved to Valencia in late 1993.
BUSINESS
August 9, 1996
Citing growing demand for its products, contact lens maker CooperVision Inc. said Thursday that it will double the capacity of its lens plant in Scottsville, N.Y. Groundbreaking is scheduled for October, with the new facility to open in the first quarter of 1997. The company declined to disclose the cost of the project. CooperVision, an Irvine-based subsidiary of Cooper Companies, expanded the Scottsville facility a year ago, nearly doubling its capacity then.
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