3M Co said on Thursday it would buy privately held medical device maker Acelity ...
- 3M Co said on Thursday it would buy privately held medical device maker Acelity Inc in a deal valued at $6.7 billion, including debt, as the U.S. industrial conglomerate looks to expand its business in medical dressings and related products.
Acelity, under its KCI brand, makes advanced wound dressings and specialized systems that use a vacuum to seal off acute or chronic wounds, promoting faster healing. The purchase price values Acelity at 15 times its 2018 adjusted earnings before interest, tax, depreciation and amortization, 3M said.
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