Cooper Companies acquires obp Surgical for 4100M

CooperCompanies announced that CooperSurgical has acquired obp Surgical, a U.S.-based medical device company with a suite of single-use cordless surgical retractors with an integrated multi-LED light source and dual smoke evacuation channels, and single-use surgical suction devices with an integrated, cordless radial LED light source, for approximately $100M. The products being acquired generated approximately $14.5M of trailing twelve-month revenue. The acquisition is expected to be neutral to Cooper’s non-GAAP earnings per share in fiscal 2024 and accretive thereafter. CooperCompanies will report these assets as part of its office and surgical category within the CooperSurgical business beginning in its fiscal fourth quarter 2024.