Angiotech Pharmaceuticals Closes Acquisition of American Medical Instruments Holdings, Inc.

27-Mar-2006

Angiotech Pharmaceuticals announced that it has closed the previously announced acquisition of American Medical Instruments Holdings, Inc. (AMI), a leading independent manufacturer of specialty, single-use medical devices, for approximately US $785 million in cash subject to post-closing adjustments. The transaction provides Angiotech with global manufacturing, marketing, and sales capabilities and enhances the Company's ability to capitalize on its current product pipeline in a wide range of specialty therapeutic areas. According to Angiotech, the acquisition of AMI also significantly diversifies Angiotech's revenue base.

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