Theragenics Knits Up Needletech Deal

Wade Roush7/18/08

Attleboro, MA-based Needletech Products, which manufactures needles used for range of medical procedures such as core biopsies, aspiration biopsies, and spinal anesthesia, has agreed to be purchased by Buford, GA-based medical device maker Theragenics (NYSE: TGX) for $47.8 million in cash, Theragenics reported this week. The deal is expected to close in the third quarter of this year.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.