While the acquisition price isn't cheap, we think this is a good move for St. Jude it adds an entirely new business line and source of potential long-term growth. On a preliminary basis, we suspect ANSI could add about 180 million to St. Jude's revenues in 2006 -- bringing the total to nearly 3.4 billion, representing growth of just over 20 percent.
More Quotes from Phil Nalbone:
You can definitely make far more efficient use of your corporate resources and potentially capture a lot more doctors than if you were trying to get to them on a site-by-site basis.Phil Nalbone
What really pleases us, with earnings today, is that it is very clear that the business is strong enough for the costs of the transaction. What really impressed us was that they can pay down all included debt from the transaction by 2007 with cash flow. They're in a great situation right now.
Phil Nalbone
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