mlkrborn
13 years ago
-Surgical Express to be acquired in merger with Synergy Health for $3.70 per share in cash (stock halted) (STRC) 3.77 : Synergy Health, a global provider of outsourced sterilization services to the medical device market and healthcare sector, and SRI/Surgical Express (STRC) announced they have entered into a definitive merger agreement. Under the terms of the agreement, a subsidiary of Synergy Health will acquire all of the outstanding shares of common stock of SRI for $3.70 per share in cash through a cash tender offer followed by a merger. The transaction is valued in the aggregate at approximately $25.06 mln in equity value and $38.45 mln in enterprise value. The cash consideration represents a premium of approximately 17% to SRI's closing share price on September 13, 2011, the last trading day before SRI announced that it would explore strategic alternatives. The agreement has been unanimously approved by each company's Board of Directors.
analogdog
17 years ago
SRI Surgical Reports Third Quarter 2007 Financial Results
Monday November 5, 6:16 pm ET
TAMPA, Fla.--(BUSINESS WIRE)--SRI/Surgical Express, Inc. (Nasdaq:STRC - News), a leading provider of reusable and disposable surgical products and services for the healthcare industry, today announced financial results for the third quarter ended September 30, 2007.
For the third quarter of 2007, SRI Surgical reported total revenue of $23,151,000, an increase of $40,000 from the third quarter of 2006. Net loss for the third quarter of 2007 was $645,000 or $0.10 per basic and diluted common share compared to net loss of $239,000 or $0.04 per basic and diluted common share reported for the third quarter of 2006. For the first nine months of 2007, SRI Surgical reported total revenue of $70,245,000, an increase of $211,000 from the first nine months of 2006. Net loss for the first nine months of 2007 was $1,575,000 or $0.25 per basic and diluted common share compared to net loss of $1,319,000 or $0.21 per basic and diluted common share reported for the same period of 2006.