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Allion Healthcare
Allion Healthcare Announces Closing of Biomed Acquisition
April 25th, 2008
Allion Healthcare (Nasdaq: ALLI) announced that it has been granted early termination of the waiting period required by the Hart-Scott-Rodino Act and has closed its acquisition of Biomed America, Inc. ("Biomed"), a leading provider of specialized biopharmaceutical medications and services to chronically ill patients. The Company completed the closing on April 4, 2008 and under the terms of the agreement, Allion has acquired Biomed for $48 million in cash, 9.35 million shares of Allion common and Series A-1 preferred stock and the assumption of $18.6 million of Biomed debt. Allion may also make an earn-out payment in 2009 should Biomed achieve certain financial...
Source: Health Business Week (2008-04-25)
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