ConvaTec Buys Danish Company

ConvaTec, the wound care products maker recently spun off from drug giant Bristol-Myers Squibb, has acquired Unomedical, a Danish maker of single-use devices, reports Terms of the deal were not disclosed, but the combined firm, which will operate under the ConvaTec name, is expected to have annual sales of around $1.6 billion. The company will sell off Unomedical's wound-care division, at the insistence of European antitrust regulators.