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Research Medical Inc

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December 5, 1996 | Times Staff and Wire Reports
Baxter International Inc. said it agreed to acquire Research Medical Inc. in a stock swap valued at about $236 million. Salt Lake City-based Research Medical makes disposable products for cardiovascular and vascular surgery, and specialty pharmaceuticals. It had revenue of $40 million last year. The agreement values Research Medical at $23.50 a share. Its shares rose $2.77 to $22.77 on the Nasdaq Stock Market.
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BUSINESS
December 5, 1996 | Times Staff and Wire Reports
Baxter International Inc. said it agreed to acquire Research Medical Inc. in a stock swap valued at about $236 million. Salt Lake City-based Research Medical makes disposable products for cardiovascular and vascular surgery, and specialty pharmaceuticals. It had revenue of $40 million last year. The agreement values Research Medical at $23.50 a share. Its shares rose $2.77 to $22.77 on the Nasdaq Stock Market.
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