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NetOptix to Sell Medical, Healthcare Businesses

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STURBRIDGE, Mass., Dec. 16 -- NetOptix Corp. has agreed to sell its Leisegang Medical Inc. and related women's health businesses, along with assets relating thereto, to CooperSurgical Inc., a unit of The Cooper Companies Inc. The sale will include NetOptix's German-based operating unit Leisegang GmbH, its Canadian-based unit Galenica Inc., and Leisegang Medical's operations in Boca Raton, Florida. NetOptix has reported a sale price of approximately $10 million, to be paid in cash; the closing is scheduled for January 31, 2000. NetOptix announced that it intends to use the net proceeds --...Read full article

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    Published: December 1999
    News & Features

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