{"id":8465,"date":"2024-03-13T07:00:05","date_gmt":"2024-03-13T07:00:05","guid":{"rendered":"https:\/\/admedsol1stg.wpenginepowered.com\/?p=8465"},"modified":"2024-06-27T10:12:20","modified_gmt":"2024-06-27T10:12:20","slug":"advanced-medical-solutions-announces-the-acquisition-of-peters-surgical","status":"publish","type":"post","link":"https:\/\/admedsol.com\/news\/advanced-medical-solutions-announces-the-acquisition-of-peters-surgical\/","title":{"rendered":"Advanced Medical Solutions announces the acquisition of Peters Surgical"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;0rem||0rem||true|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.22.2&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; width=&#8221;100%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_code _builder_version=&#8221;4.25.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h5 class=\"ams-bold ams-mb-16\"><!-- [et_pb_line_break_holder] -->  -Transformational acquisition of Peters Surgical strengthens AMS\u2019s position as a leading global specialist in tissue repair and skin closure<!-- [et_pb_line_break_holder] -->  <!\u2013- [et_pb_br_holder] -\u2013><!-- [et_pb_line_break_holder] -->   <!\u2013- [et_pb_br_holder] -\u2013><!-- [et_pb_line_break_holder] -->-Acquisition expected to deliver high single-digit earnings accretion in the first full year<!-- [et_pb_line_break_holder] --><\/h5>\n<p><!-- [et_pb_line_break_holder] --><pee><!-- [et_pb_line_break_holder] -->Winsford, UK: Advanced Medical Solutions Group plc (AIM: AMS), a world-leading specialist in tissue healing technologies, is pleased to announce it has entered into an agreement for the proposed acquisition of Peters Surgical, a leading global provider of specialty surgical sutures, mechanical haemostasis and internal cyanoacrylate devices.<!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --><\/pee>[\/et_pb_code][et_pb_code _builder_version=&#8221;4.25.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h5 class=\"ams-bold ams-mb-16\"><!-- [et_pb_line_break_holder] -->  Overview of Peters Surgical<!-- [et_pb_line_break_holder] --><\/h5>\n<p><!-- [et_pb_line_break_holder] --><\/p>\n<ul><!-- [et_pb_line_break_holder] -->  <\/p>\n<li>Peters Surgical is one of the leading European providers of speciality surgical products, generating revenues of \u20ac84.0 million in the twelve months to 31 December 2023<\/li>\n<p><!-- [et_pb_line_break_holder] -->  <\/p>\n<li>Strengthens AMS\u2019s position as a leading global specialist in tissue repair and skin closure, with a complementary product portfolio<\/li>\n<p><!-- [et_pb_line_break_holder] -->  <\/p>\n<li>Significant long-term cost and commercial synergies, including increased direct sales capabilities, geographic expansion and cross-selling opportunities<\/li>\n<p><!-- [et_pb_line_break_holder] -->  <\/p>\n<li>Expected to deliver high single digit earnings accretion in the first full year of ownership, being FY25<\/li>\n<p><!-- [et_pb_line_break_holder] -->  <\/p>\n<li>Transaction is expected to complete at the end of June 2024<\/li>\n<p><!-- [et_pb_line_break_holder] -->  <\/p>\n<li>Post-acquisition pro forma leverage of c.1.5x which is expected to reduce materially thereafter<\/li>\n<p><!-- [et_pb_line_break_holder] --><\/ul>\n<p><!-- [et_pb_line_break_holder] -->[\/et_pb_code][et_pb_code _builder_version=&#8221;4.25.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"ams-btn ams-primary-btn blue ams-mt-32\"><!-- [et_pb_line_break_holder] -->  <a href=\"https:\/\/admedsol.com\/regulatory-news-announcements\/proposed-acquisition-of-peters-surgical\/\" target=\"_blank\" rel=\"noopener\"><!-- [et_pb_line_break_holder] -->    Read the Press Release <i class=\"fa-regular fa-up-right-from-square\"><\/i><!-- [et_pb_line_break_holder] -->  <\/a><!-- [et_pb_line_break_holder] --><\/div>\n<p>[\/et_pb_code][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":6,"featured_media":6589,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[85],"tags":[],"class_list":["post-8465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with 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