Brief: Inogen Expands Its Respiratory Product Portfolio With Acquisition Of Physio-Assist

Inogen

13/07/2023 13:50

Inogen Inc  INGN.O :
    * INOGEN EXPANDS ITS RESPIRATORY PRODUCT PORTFOLIO WITH
ACQUISITION OF PHYSIO-ASSIST
    * WILL PAY APPROXIMATELY $32 MILLION IN CASH NET OF DEBT
PAYABLE
AT CLOSING
    * TOTAL CONSIDERATION, IF ALL MILESTONES ARE ACHIEVED, WILL
NOT
EXCEED $45 MILLION
    * IN 2023, ACQUISITION IS EXPECTED TO BE IMMATERIAL TO
INOGEN'S
REVENUE AND IMMEDIATELY ACCRETIVE TO GROSS MARGIN
    * TRANSACTION IS EXPECTED TO BE ACCRETIVE TO ADJUSTED
EARNINGS
BEGINNING IN 2027
    * SEES Q2 REVENUE $83 MILLION TO $84 MILLION
    * Q2 REVENUE VIEW $94.4 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw1S5f22a 
Further company coverage:  INGN.O