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Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld


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Expert's Corner

Pursuing Pharma Manufacturing
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Today's Transactions:
Brady Buys PDC, Maker of Hospital Wristbands

The $300M sale marks a profitable exit for Water Street Healthcare Partners

Brady Corp. (NYSE: BRC) agreed to spend $300 million in cash for Precision Dynamics Corp. (PDC), a maker of identification products for the healthcare sector.

Private equity firm Water Street Healthcare Partners sold the Valencia, Calif.-based target, which manufactures patient wristbands, specialty labels and identification systems used in hospitals when admitting and discharing patients.

Included in the deal are PDC's factories in Tijuana, Mexico and Port Orange, Fla. The company, which also has a European sales office in Nivelles, Belgium, generates annual sales of about $173 million.

Water Street, headquartered in Chicago, invested $75 million in PDC in July 2007 as a means of expanding its market position and banking on the company's developing bar-coding identification wristbands, which have now become a standard in most hospitals.

Brady is a manufacturer of identification products and materials that are used in identifying people. The company, which has a $1.6 billion market capitalization, is based in Milwaukee.


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