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Liberator Medical Holdings To Be Acquired

The following excerpt is from the company's SEC filing.

by C. R. Bard for Approximately $181 Million

STUART, FLORIDA(MARKETWIRED)November 20, 2015Liberator Medical Holdings, Inc. (Liberator) (NYSEMKT: LBMH), a leading national direct-to-consumer provider of quality medical supplies through its subsidiary, Liberator Medical Supply, Inc., today announced that it has entered into a definitive agreement to be acquired by C. R. Bard, Inc. (NYSE: BCR), for a cash purchase price of $3.35 per fully-diluted share, or approximately $181 million in the aggregate.

The purchase price represents a 36% premium over Liberators average closing price during the 90 tr ading days ended November 19, 2015. The transaction is expected to close in the first quarter of 2016, subject to approval by Liberators shareholders, satisfaction of customary closing conditions and receipt of certain regulatory approvals.

Mark A. Libratore, Liberators founder and CEO, commented, We are pleased to reach a milestone in the growth of Liberator by entering into this agreement with C. R. Bard. We expect that this transaction will create attractive long-term synergies and opportunities for our business partners and customers from the combined companies ability to offer a broader portfolio of products. We plan to continue offering the same high-quality products to our customers in urology, ostomy, diabetes and mastectomy from our existing suppliers, plus an expanded range of additional categories of high-quality products from Bard.

Shareholders owning approximately 38% of Liberators common stock have executed a voting agreement to vote in favor of the transaction.

JMP Securities LLC served as exclusive financial advisor to Liberator and provided a fairness opinion to Liberators Board of Directors. Lowenstein Sandler LLP acted as legal advisor to Liberator.

About Liberator Medical Holdings, Inc.

Liberator Medical Holdings, Inc.s subsidiary, Liberator Medical Supply, Inc., established the Liberator brand as a leading national direct-to-consumer provider of quality medical supplies to Medicare-eligible seniors...


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