MDY Healthcare set to repay debts and reward shareholders

MDY Healthcare is set to realise its investment in Medivance on the completion of the acquisition of the firm by CR Bard for a total cash consideration of around $250m.

MDY Healthcare is set to realise its investment in Medivance on the completion of the acquisition of the firm by CR Bard for a total cash consideration of around $250m.

The company will receive about £13.98m for its holding in the firm, which it will use to repay all outstanding debt together with all accrued interest.

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