It's an exciting time to be in the medical industry, projected to grow significantly by many forecasts. That includes suppliers to medical device manufacturers, who spent another year adding pieces to their operations in an effort to provide the most services possible.
Ansell in transition
Ansell Ltd. is set to look very different going forward.
The firm divested its worldwide Sexual Wellness business, which included its latex and non-latex condom operation and plants in three countries, for about $600 million.
At least $40 million of the proceeds will enable it to enact a cost reduction program expected to deliver annual pre-tax savings in excess of $30 million by fiscal 2020.