CareFusion Corp. has announced it will acquire Brazilian respiratory company Intermed, according to a news release.
Intermed designs, manufactures and markets a variety of ventilators and respiratory care devices for infant, pediatric and adult patients.
Financial terms of the agreement were not disclosed.
"The acquisition of Intermed complements our global respiratory product platform and advances our strategy to expand outside of the United States through investments that build scale and local capabilities in high-value markets," said Kieran Gallahue, chairman and CEO of CareFusion, in the release. "Intermed brings a strong distributor network, local manufacturing capabilities and a new product portfolio that we believe can serve as a base for CareFusion to continue our global expansion efforts in Latin America."
The transaction is expected to close during CareFusion's fiscal second quarter, which ends December 31.
CareFusion Corp. is headquartered in San Diego.
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