Omnicell to draw on senior credit facility to fund Ateb acquisition

By Tali Rackner

Norfolk, Va., Nov. 29 – Omnicell, Inc. plans to use proceeds from its senior secured credit facility and cash on hand to fund its roughly $41 million acquisition of Ateb, Inc. and Canadian affiliate Ateb Canada Ltd., according to a press release.

The company expects to close the transaction during the fourth quarter.

Omnicell is a Mountain View, Calif.-based company that provides automated services for medication and supply management in health care in the United States and internationally. Ateb is a Raleigh, N.C.-based provider of pharmacy-based patient care solutions and medication synchronization to independent and chain pharmacies.

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