I-Flow Acquires Maker of Pain-Relief Products
I-Flow Corp., a Lake Forest maker of low-cost nerve block infusion kits, said Tuesday it has acquired a San Antonio company for $1.5 million in cash and stock.
The company said in a news release that the purchase price for privately held Spinal Specialties Inc. consisted of $750,000 of cash and 200,000 shares of common stock.
I-Flow said the acquisition should boost earnings this year. Spinal Specialties, which makes custom, disposable products for chronic pain management, had $1.7 million in revenue last year. Its products are tailored to the specific needs of the hospital, anesthesiologist and pain clinic.
I-Flow said the acquisition provides it with a turnkey opportunity to enter another important therapeutic segment of the total pain-management market.
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