Synthes acquires U.S. surgical tools maker Anspach

ZURICH, Nov 8 (BestGrowthStock) – Swiss medical device maker Synthes
Inc (SYST.VX: ) acquired privately owned U.S. surgical tools maker
The Anspach Effort, Inc, for an undisclosed purchase price, the
Swiss group said on Monday.

The Swiss maker of nails, screws and plates to fix broken
bones said Anspach’s focus on high speed surgical power tools
for use in neurosurgery, spinal and ENT surgery would help
Synthes to expand its power tools product offering to hospitals
and surgeons worldwide.

“We will establish a dedicated power tools division, with
close to $200 million in total sales,” Synthes chief executive
Michel Orsinger said in a statement.

The transaction closed on November 5, 2010 and was expected
to be neutral to earnings, except for small one-time charges in
2011 related to the expansion of the global distribution
network, the groups said.

(Reporting by Sven Egenter)

Synthes acquires U.S. surgical tools maker Anspach