CooperSurgical Developing Gynecologic Surgery Division

CooperSurgical, the women's healthcare unit of the Cooper Companies, Inc. (Lake Forest, CA), has entered the gynecological surgery market through the acquisition of two privately held device companies. Although details of the transactions were not released, the company reports it expects the combined businesses to contribute $10 million in revenue in fiscal 2006 and about $50 million annually by 2010.

“Since its inception in 1990, CooperSurgical has become a successful competitor against the larger and more diversified medical device manufacturers that compete in the physician's office segment of women's healthcare,” says A. Thomas Bender, Cooper's chief executive officer. “Now we're capitalizing on this success by entering the rapidly developing gynecologic surgery market with these building-block acquisitions.”