Lifecore Biomedical Inc. announced it has acquired a profitabledental implant company, Implant Support Systems Inc.
Lifecore (NASDAQ:LCBM) spent $682,000 cash to acquire theIrvine, Calif., company, and presented a $2 million note that ispayable in annual installments through December 1996.
The terms of the acquisition, combined with the profitablebusiness activities of the acquired company, are expected tohave a positive net impact on cash flow at Lifecore of Chaska,Minn.
Products sold by Implant Support Systems are complementaryto Lifecore's oral restorative products.
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