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HOUSTON - Impact BioMedical Inc. (NYSE American: IBO), currently trading at $1.85 with a market capitalization of $23.93 million, has announced the acquisition of Celios®, an air purification technology company, in a strategic all-equity deal valued at around $1.15 million. According to InvestingPro analysis, the company appears slightly overvalued at current levels. The transaction, disclosed on Monday, is part of Impact BioMedical’s strategy to expand its health and wellness portfolio while aiming to increase immediate revenue.
Celios® is known for its advanced air purification systems, which boast patented design, system, and method patents in the U.S. and other countries, granting exclusivity through 2043. The technology is noted for delivering high-quality air purification, akin to that of a clean room, and is both highly effective and portable. InvestingPro data shows Impact BioMedical maintains a strong financial position with a current ratio of 2.79, indicating robust liquidity to support its expansion plans.
Impact Biomedical’s CEO, Frank D. Heuszel, commented on the acquisition, stating, "By integrating Celios’ proven air purification technology into our portfolio, we are expanding our offerings of innovative health and wellness solutions." He emphasized the company’s disciplined approach to its roll-up strategy and its focus on driving growth in enterprise value. The company’s overall financial health score is rated as GOOD by InvestingPro, which has identified several additional key metrics and growth indicators available to subscribers.
The acquisition is seen as a significant step for Impact Biomedical in its mission to offer top-tier healthcare and wellness solutions. The addition of Celios’ technology is expected to complement Impact Biomedical’s existing suite of health innovations. Despite a challenging market environment with the stock down about 31% over the past six months, the company maintains positive profitability metrics and strong liquid assets exceeding short-term obligations.
Celios® has established itself as a leader in indoor air quality improvement, offering filtration solutions that meet stringent standards for cleanliness and safety. The acquisition by Impact BioMedical, a company dedicated to developing and patenting healthcare solutions, is anticipated to enhance both companies’ market offerings.
This press release includes forward-looking statements, and the company cautions that actual results or events may differ materially from those projected. The information in this article is based on a press release statement from Impact BioMedical Inc.
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