DEERFIELD, Ill., Dec. 4 (UPI) -- U.S. medical treatment firm Baxter International said Tuesday it would buy Swedish firm Gambro, also a medical equipment producer, for $2.8 billion.
Including debt, the value of the deal jumps to $4 billion, The New York Times reported Tuesday.
Baxter's Chief Executive Officer Robert Parkinson Jr. said the deal "further strengthens our global dialysis offerings by extending our portfolio in a hemodialysis segment."
Gambro is owned by EQT and Investor AB, both Swedish investment firms, which paid $4.7 billion for the company in 2006.
Baxter is buying only a portion of that, as Terumo of Japan bought Gambro's Caridian BCT division in 2011 for about $2.6 billion.
|Additional Business News Stories|
OSLO, Norway, May 24 (UPI) --Norwegian oil and gas company DNO International said tests from a field in the Kurdish region of Iraq yielded an average flow rate of more than 100,000 bpd.
LEIDEN, Netherlands, May 24 (UPI) --With South Korea edging closer to deciding on a contractor for its $7.3 billion KF-X fighter program a European competitor is dangling a new carrot to its bid.