Summary
- Cantel Medical intends to acquire Omnia for up to $31.9 million in total consideration.
- Omnia sells a variety of dental surgical consumables to the European market.
- With the deal, CMD aims to deepen its presence in continental Europe and hopefully generate higher revenue growth.
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Quick Take
Cantel Medical (CMD) announced it has agreed to acquire Omnia for $31.9 million.
Omnia sells dental surgical consumable products.
CMD is acquiring the firm to expand its penetration of the European market and hopefully to begin reversing the significant slide in its stock due to growth concerns.
