Connect to share and comment

Roper Industries to buy healthcare services company for $1 billion

PlacardEnlarge
(GlobalPost/GlobalPost)

(Reuters) - Diversified U.S. manufacturer Roper Industries Inc <ROP.N> said it would buy healthcare services company Managed Health Care Associates Inc for $1 billion (655.95 million pounds) in an all-cash deal to expand its presence in the healthcare market.

Roper said the deal, expected to be completed within 30 days, would add $95 million in earnings before income tax depreciation and amortization in the first year after the acquisition.

(Reporting by Tej Sapru in Bangalore)

http://www.globalpost.com/dispatch/news/thomson-reuters/130417/roper-industries-buy-healthcare-services-company-1-billion