deals, acquisitions, Devices

Theragenics Knits Up Needletech Deal

Wade Roush 7/18/08

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. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.