CR Bard Inc. announced the all cash acquisition of urinary catheter provider Rochester Medical Corp. for about $262 million Sept. 4. The transaction, expected to close later this year, gives Bard a “linchpin” in home health care, CEO Timothy M. Ring said.
“It's clear that, at least in the United States, the practice of medicine is to keep people out of hospitals,” Ring said during a conference call discussing the acquisition. “And as that continues to evolve, we do a pretty good job right now getting to outpatient and ambulatory centers