Buyout Bid Overshadows NxStage Medical's Losses
Dialysis patients know how inconvenient it can be to make time for their treatments, and NxStage Medical (NASDAQ: NXTM) has sought to make dialysis much less of a burden through its home dialysis equipment. Even though some investors had recently started to worry about the prospects for fast growth from the company, NxStage got a huge vote of confidence from Fresenius Medical Care (NYSE: FMS), and the resulting celebration among investors is overshadowing NxStage's actual financial results.
Coming into Monday's second-quarter financial report, NxStage investors had no inkling that a merger would be right around the corner, and they had mixed expectations about how much growth the medical device maker would be able to produce. NxStage's numbers were a bit disappointing, but all that is likely to pale in comparison to the importance of the proposed acquisition. Let's look more closely at NxStage Medical and what happened today.
Source: Fool.com