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Mergers and Acquisitions

Matria Healthcare completes sale of pharmacy and supplies business

Published in Healthcare Mergers, Acquisitions and Ventures Week, July 31st, 2004

Matria Healthcare, Inc., (MATR) announced the completion of the sale of its Pharmacy and Supplies business to a subsidiary of CCS Medical.

The acquirer is a portfolio company of KRG Capital, a Denver-based private equity firm. Matria operated the divested business through its wholly owned subsidiaries, Diabetes Self Care, Inc., and Diabetes Management Solutions, Inc.

The transaction, valued at approximately $130 million, closed for a cash price of approximately $102 million. Matria will retain existing accounts receivable and certain other assets from its pharmacy and supplies business.

The company also announced that it has...

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