Notes to Financial Statements
NOTE 22—Subsequent Event
On February 14, 2001, the Company acquired the pharmaceutical
packaging services business from Covance, Inc. for $137.5 million.
The acquired company, renamed Fisher Clinical Services Inc.,
enables pharmaceutical and biotechnology companies and other
customers to outsource the packaging of prescription drugs used
in clinical trials. The Company financed this acquisition with
the sale of receivables under the Receivable Securitization
and will account for the acquisition under the purchase method
of accounting.
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