C. R. Bard To Buy Liberator Medical Holdings - Quick Facts

(RTTNews) - C. R. Bard, Inc. (BCR) announced it has entered into a definitive agreement to acquire Liberator Medical Holdings, Inc. (LBMH) for $3.35 per share, or approximately $181 million. Liberator is a direct-to-consumer distributor of medical products classified as Durable Medical Equipment. Liberator said shareholders owning approximately 38% of its common stock have executed a voting agreement to vote in favor of the transaction.

C. R. Bard expects the deal to close in the first quarter of 2016 and add approximately $70 million to 2016 net sales and to be slightly accretive to adjusted cash earnings per share in 2016. The company estimates that in 2017 the acquisition will increase the organic revenue growth rate of the company and contribute between 5 and 10 cents of adjusted cash earnings per share.