Halyard Health, a developer of infection prevention solutions, has entered an agreement to acquire Corpak MedSystems.
Under the agreement, Halyard will pay $174 million in cash consisting of current cash and Halyard’s credit facility, according to a prepared statement.
Completion of the transaction is expected during the second quarter and is subject to customary conditions.
Corpak specializes in enteral access devices and raked in $54 million in sales for fiscal 2015. — Anisa Jibrell