Mergers & Acquisitions

Matria Healthcare agrees to sell diabetes services business Dia Real in $33 million deal

Published in Obesity and Diabetes Week, October 23rd, 2006

Matria Healthcare, Inc. (MATR) announced that a definitive agreement has been signed to sell Dia Real, the company's diabetes service operations in Germany. The acquirer will be a subsidiary of OPG Groep N.V., a Netherlands-based public company specializing in retail and distribution for pharmaceuticals and medical supplies.

The transaction, valued at approximately $33 million, has been approved by the boards of directors of both companies and is subject to German merger control clearance, which is expected shortly.

Through the combination of the expected proceeds from the Dia Real sale, the proceeds from the company's recently completed sale of...

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Source: Obesity and Diabetes Week (2006-10-23)

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