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Genzyme acquires Bone Care International for $600mm

Executive Summary

Genzyme has acquired Bone Care International (vitamin D-hormone therapy for serious diseases) for $33 per share, which equates to about $600mm in cash. The purchase price, which is net of Bone Care's $119mm cash and cash equivalents that it will return to Genzyme, is almost 14 times Bone Care's 2004 revenues, and represents a 34% premium to the company's trading average.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Payment Includes Cash
    • Full Acquisition
    • Includes Contract
    • Intra-Biotech Deal

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