US firm BD buys Caesarea Medical Electronics

US medical-equipment company BD (Becton, Dickinson and Co.) has completed the acquisition of Israel-based Caesarea Medical Electronics (CME), a manufacturer of infusion pump systems. In March 2014, CareFusion Corp., which was acquired by BD in 2015, bought a 40% stake in CME.

No financial details about the acquisition were disclosed, but people familiar with the matter told Globes the deal is being carried out at a company value of $250 million.

CME was founded in 1993 by Swi and Anat Barak, who have since managed the company in an extremely low-profile manner.

“Our relationship with BD has been very successful over the past two years, and this is the next logical step to elevate our infusion technologies,” Swi Barak said. “This transaction will create new opportunities for our people and our technology that we wouldn’t have been able to achieve alone.”

In recent years, the company has had annual revenue of at least $50m. to $60m. and close to $20m. profit, sources told Globes. The company’s current value is close to the value in 2013, when CareFusion invested $100m. for a 40% stake.

The acquisition of CME expands BD’s infusion portfolio to include ambulatory, home and specialty acute-care infusion pumps. CME designs, manufactures and markets a range of infusion and syringe pumps as well as related accessories and disposable administration sets for both home care and hospital settings.