Perrigo buys CanAm Care

Deal to help Perrigo enter $1.5 billion diabetes market

ALLEGAN, Mich. — Drug maker Perrigo is buying a privately owned distributor of diabetes products, the company said Monday.

Perrigo announced the $36 million acquisition of Alpharetta, Ga.-based CanAm Care, whose assets include Dex4 hypoglycemia products, insulin delivery syringes and pen needles, lancing, wound care and compression stockings.

"This acquisition — alongside the store-brand glucose monitoring meters and strips powered by OnSync launched in 2011 with AgaMatrix — showcases our continued commitment to providing a comprehensive line of quality, affordable health care to the growing diabetes community," Perrigo chairman and CEO Joseph Papa said.

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