Ebos pays A$34m for medical devices businesses

Tue, 15 Oct 2019

Ebos is paying A$34 million to buy the LMT and National Surgical businesses in its first foray into the medical devices sector. "The acquisition provides Ebos with an initial entry point and strong platform for growth into the A$8 billion Australian and New Zealand medical devices sector," the company says in a statement. Ebos doesn't expect the two businesses to have a material impact on earnings for the year ending June 2020 and they are "expected to meet the group's return-on-capital-employed hurdle of 15 percent within two years."...

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