Baxter Completes Baxa Acquisition
Baxter International has completed the acquisition of Baxa Corporation for a cash consideration of $380 million.
Baxter International Inc. announced Thursday the completion of its planned acquisition of Baxa Corporation for a cash consideration of $380 million.
Baxa develops pharmacy technology that enhances the efficiency and safety of oral and IV dose preparation and delivery.
Annual sales for Baxa were $157 million in 2010, and Baxter expects the top-line growth of this business to be accretive to the company's future sales growth. In addition, Baxter expects this transaction to be dilutive to 2012 earnings by $0.03 to $0.05 per diluted share primarily related to acquisition-accounting and transaction-related expenses. Excluding these items, the acquisition is neutral to full-year 2012 earnings and increasingly accretive thereafter.
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