ST. LOUIS, Feb. 8 /PRNewswire/ -- Mallinckrodt Inc. (NYSE: MKG) has
acquired Life Design Systems, Inc., a Dallas, Texas-based developer and
manufacturer of a line of resuscitation bags and related accessories. The
transaction was completed January 30.
John Q. Hesemann, president of Mallinckrodt's Respiratory Group, said,
"The addition of Life Design Systems' Capno-Flo line of products will solidify
Mallinckrodt's position in this product category, giving us a broad line of
superior products to both the emergency medical services (EMS) and hospital
markets."
Life Design Systems (LDS) produces four sizes of resuscitation bags with
carbon dioxide detection capability, a feature that Hesemann believes could
become the standard of care when providing manually assisted ventilation. LDS
resuscitation bags range in size from one-liter capacity for adult use to
125-cc capacity for infant care.
Under terms of the acquisition contract, Mallinckrodt purchased all
outstanding LDS stock and all related intellectual property, free of debt, for
$3.5 million cash. Mallinckrodt will assume the existing lease on the LDS
facility in Dallas, with the intention of relocating production to a
Mallinckrodt site within the remaining 18 months of the lease.
St. Louis, Missouri-based Mallinckrodt Inc. has three healthcare product
groups -- Imaging, Pharmaceuticals and Respiratory. The Respiratory Group
offers comprehensive product lines that focus on the needs of respiratory and
anesthesiology patients. The company operates in more than 100 counties and
had fiscal 1998 net sales of $2.4 billion. The Mallinckrodt web site address
is http://www.mallinckrodt.com.
SOURCE Mallinckrodt Inc.
 back to top
Related links:
http://www.mallinckrodt.com
Company News On-Call:
http://www.prnewswire.com/comp/440950.html or fax,
800-758-5804, ext. 440950
CONTACT:
Media, Barbara Abbett, 314-654-5230, or
E-mail Communications@mkg.com, or Investors, Barbara Gould,
314-654-3190, or E-mail Invest@mkg.com, both for Mallinckrodt
Inc.
|
