M&A Deal Summary

PharMEDium Healthcare Acquires COMPASS Services

On September 2, 2003, PharMEDium Healthcare acquired healthcare services company COMPASS Services from Baxter International

Acquisition Highlights
  • This is PharMEDium Healthcare’s 1st transaction in the Healthcare Services sector.
  • This is PharMEDium Healthcare’s 1st transaction in the United States.

M&A Deal Summary

Date 2003-09-02
Target COMPASS Services
Sector Healthcare Services
Buyer(s) PharMEDium Healthcare
Sellers(s) Baxter International
Deal Type Divestiture

Target

COMPASS Services

United States
COMPASS Services is a leading provider of intravenous admixture services supplied to the hospital and alternate site pharmacies market.

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Buyer(S) 1

Buyer

PharMEDium Healthcare

Lake Forest, Illinois, United States

Category Company
Founded 2003
Sector Healthcare Services
DESCRIPTION

PharMEDium Healthcare Holdings, Inc. is a provider of intravenous (IV) admixture services supplied to the hospital market. The Company’s IV admixture service involves the mixing of drug compounds into intravenous solutions for infusion into patients.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2003 M&A 1 of 1

Seller(S) 1

SELLER

Baxter International

Deerfield, Illinois, United States

Category Company
Founded 1931
Sector Medical Products
Employees38,000
Revenue 10.6B USD (2024)
DESCRIPTION
Entrance to Baxter International's corporate headquarters in Deerfield, Illinois.
Entrance to Baxter International's corporate headquarters in Deerfield, Illinois.

Baxter International develops, manufactures and markets drugs and medical products for people with a variety of medical conditions. Baxter's operations are comprised of the BioScience and Medical Products segments. The BioScience business processes recombinant and plasma-based proteins to treat hemophilia and other bleeding disorders; plasma-based therapies to treat immune deficiencies, alpha-1 antitrypsin deficiency, burns and shock, and other chronic and acute blood-related conditions; biosurgery products; and select vaccines. The Medical Products business manufactures intravenous (IV) solutions and administration sets, premixed drugs and drug-reconstitution systems, pre-filled vials and syringes for injectable drugs, IV nutrition products, infusion pumps, and inhalation anesthetics. The business also provides products and services related to pharmacy compounding, drug formulation and packaging technologies. In addition, the Medical Products business provides products and services to treat end-stage renal disease, or irreversible kidney failure. Baxter International was founded in 1931 and is based in Deerfield, Illinois.


DEAL STATS #
Overall 2 of 7
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 6
Country: United States M&A 1 of 5
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-01 Baxter International - Cardiovascular Businesss

Japan

Baxter International, Inc. - Cardiovascular Businesss is a manufacturer of medical products for cardio.

Sell $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-06 Baxter International - Indibulin

Deerfield, Illinois, United States

Baxter International, Inc. - Indibulin is a novel synthetic anti-cancer agent that targets mitosis like the taxanes.

Sell -