Cooper Wellness Strategies, a Cooper Aerobics company, announces a partnership with Franklin Foundation Hospital in Franklin, LA. Cooper Wellness Strategies (CWS) will help develop a new medical fitness center located on the hospital campus as an integral part of a planned wellness center. CWS work includes facility design, planning and management of the fitness center, slated to open in late 2022. Visit cooperwellness.com or call 972.560.3263 for additional information on medical fitness programs and other wellness services.
Teva Pharmaceuticals Industries Ltd. TEVA, +19.35% said late Monday it is selling its Paragard IUD product to Cooper Cos. COO, +0.76% for $1.1 billion cash. Paraguard had sales of about $168 million for the 12 months ending June 30. The deal includes Teva's plant in Buffalo, N.Y., which makes the Paragard. The deal is expected to close by the end of the year. Teva said it will continue to divest the remaining assets in its women's health business, and in its oncology and pain relief businesses in Europe. Cooper said it expects the deal to add 70 cents to 75 cents a share to earnings in the first year. U.S.-traded Teva shares rose 1.1% to $18.72 after hours, while Cooper shares gained 0.2% to $254. On Monday, Teva shares had their biggest one-day gain since 1984 following the naming of a new chief executive.
Teva Pharmaceutical Industries Ltd.’s women’s health unit is drawing interest from Church & Dwight Co. and Cooper Cos., people familiar with the matter said, as the troubled Israeli drugmaker sells assets to pare debt.
The facility would be the first of its kind in the country, a state official told allAfrica. It is the second such plant construction deal by Cooper, which previously said it signed a deal in Abidjan, Ivory Coast.