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Bristol-Myers Squibb Division Sold for $525M

Rebecca Zacks 12/17/07

New York-based private equity firm Avista Capital Partners seems to be on a holiday shopping spree in Massachusetts–last week it acquired two Boston Scientific business units, and today it announced it’s picking up the Billerica, MA-based medical imaging division of Bristol-Myers Squibb (NYSE: BMY) for some $525 million. The deal is expected to close by the end of January.

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