BD strips remaining stake in Vyaire Medical for $435 million

BD said Monday today it will divest its remaining, minority stake in Vyaire Medical to funds managed by Apax Partners for $435 million in cash for its remaining ownership.

BD expects to close the translation by the end of April and to record a gain on the transaction at the time of closing. BD said it plans to invest the money “in line with its broader capital allocation strategy”. The company said in the press release that the divestiture will not have a material impact to BD revenue or adjusted earnings for fiscal 2018.