LITTLE FALLS, N.J.,
Jan. 11, 2019 /PRNewswire/
-- CANTEL MEDICAL CORP. (NYSE:CMD) announced today that
it has acquired Vista Research Group, LLC. ("Vista Research
Group"), a company that provides a complete line of innovative
water treatment, purification and management solutions for the
dental industry. The total purchase price was approximately
$10.5 million in cash consideration,
consisting of $7 million in an
upfront payment and $3.5 million in
an earnout payment based on the achievement of certain
performance-based targets over a two-year period. Total sales of
Vista Research Group in 2018 were approximately $2.0 million.
Vista Research Group has an innovative portfolio of solutions
for filtration, purification, treatment and management of dental
water to reduce the risk of infections, improve patient care,
enhance practice workflow, and protect dental equipment.
"We're excited that Vista Research Group is now part of Cantel.
The integration of their water treatment technologies into our
existing portfolio allows us to offer our customers more
comprehensive infection prevention solutions that provide clean
water across all touchpoints in the dental clinic," stated
Jorgen Hansen, President and CEO.
"This acquisition also reinforces our position as the market leader
in dental water compliance."
"The addition of Vista Research Group's solutions will broaden
our dental water purification portfolio and advance the development
of our product line. In addition to our DentaPure™ Cartridge, it
also will enable us to provide a full suite of end-to-end dental
water compliance solutions to dental practices," said Gary
Steinberg, President of Cantel's Dental division. "In our ongoing
commitment to infection prevention and compliance, we look forward
to driving the awareness of and access to the VistaPure™,
VistaCool™, and VistaClear™ products so more dental practices can
benefit from improved efficiency, simplified workflows, and better
protection for both patients and staff."
About Cantel
Cantel is a leading global company
dedicated to delivering innovative infection prevention products
and services for patients, caregivers, and other healthcare
providers which improve outcomes, enhance safety and help save
lives. Our products include specialized medical device reprocessing
systems for endoscopy and renal dialysis, advanced water
purification equipment, sterilants, disinfectants and cleaners,
sterility assurance monitoring products for hospitals and dental
clinics, disposable infection control products primarily for dental
and GI endoscopy markets, dialysate concentrates, hollow fiber
membrane filtration and separation products. Additionally, we
provide technical service for our products.
For further information, visit the Cantel website at
www.cantelmedical.com.
About Vista Research Group, LLC
Vista Research Group
provides a complete line of innovative water processing solutions
for the dental industry. From specialized filtration to waterline
cleaning and backflow prevention, Vista Research Group products
save practices time and money while protecting their equipment,
facilities, staff and patients.
For more information, visit the Vista Research Group website at
www.vistaresearchgroup.com.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements involve a number of risks and uncertainties,
including, without limitation, the risks detailed in Cantel's
filings and reports with the Securities and Exchange Commission.
Such forward-looking statements are only predictions, and actual
events or results may differ materially from those projected or
anticipated.
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SOURCE Cantel Medical Corp.