Kinetic Concepts to Offer $1.7 Billion for Lifecell

Medical equipment company Kinetic Concepts is offering about $51 a share and paying up a total of $1.7 Billion in cash, which is actually a 18% premium over the last closing stock price to buy LifeCell. This makes it pretty interesting, although some in the industry had predicted this event. (read full story at: dealbook.blogs.nytimes.com)