3M is purchasing medical technology company Acelity for $6.7 billion, and this includes debt.
 
Acelity Inc., situated in The San Antonio, Texas, produces advanced wound care products and had $1.5 billion in revenue last year.
 
3M, which makes Post-it notes, industrial coatings and other consumer products, is coming off a rough income report last week that sent its stock down more than 13%. 3M's health care unit, that will absorb Acelity's products, was its only division that posted an improvement in sales last quarter.
 
3M predicted the acquisition, announced Thursday, will cost it about 35 cents on an earnings-per-share basis over 12 months. Leaving out costs and one-time expenses, the company anticipates a 25 cents-per-share benefit over the same period.
 
The sale is anticipated to close in the second half of 2019.
 
This article is originally posted on TRONSERVE.COM