Tyco International to Acquire AbsorbaTack(TM) Technology From Sorbx LLC
PEMBROKE, Bermuda, April 23 / -- Tyco International Ltd. (NYSE:TYC) today announced that Tyco Healthcare's Surgical Devices business has acquired Sorbx LLC's AbsorbaTack(TM) product and related assets. Terms of the transaction were not disclosed.
Sorbx, a privately-held business located in Jacksonville, Florida, has developed AbsorbaTack(TM), an absorbable tack technology for use in both inguinal and ventral hernia repair. Hernia repair typically involves use of a prosthetic mesh implant to secure the organs within the abdominal cavity and to provide additional support to the repaired abdominal tissue. The mesh itself is secured to the abdominal wall with a combination of tacks, staples and/or sutures.
ABOUT TYCO INTERNATIONAL
Tyco International Ltd. is a global, diversified company that provides vital products and services to customers in five business segments: Fire & Security, Electronics, Healthcare, Engineered Products & Services, and Plastics & Adhesives. With 2006 revenue of $41 billion, Tyco employs approximately 250,000 people worldwide. More information on Tyco can be found at www.tyco.com/ .
ABOUT TYCO HEALTHCARE
As a major business segment of Tyco International Ltd., Tyco Healthcare manufactures, distributes and services an extensive product line including disposable medical supplies, monitoring equipment, innovative wound closure products, advanced surgical devices, medical instruments and bulk analgesic pharmaceuticals. With industry-leading brand names such as Autosuture, Kendall, Mallinckrodt, Nellcor, Puritan Bennett, Syneture and Valleylab, Tyco Healthcare products are found in virtually every healthcare setting.
FCMN Contact: swoodruff@tyco.com
Source: Tyco International Ltd.
CONTACT:Media, Sheri Woodruff, +1-609-720-4399, swoodruff@tyco.com , or Investor Relations, Ed Arditte, +1-609-720-4621, or Karen Chin,
+1-609-720-4398 , all for Tyco International Ltd.
Web site: www.tyco.com/
