Cantel Medical Closes Sale Of Carsen Assets To Olympus America

LITTLE FALLS, N.J.--(BUSINESS WIRE)--Aug. 1, 2006--CANTEL MEDICAL CORP. (NYSE:CMN) announced the closing of the sale of assets by its Carsen subsidiary to Olympus America Inc. and certain of its affiliates (collectively, "Olympus") under the Asset Purchase Agreement with Olympus dated as of May 16, 2006. Carsen sold substantially all of its assets to Olympus other than those related to its Medivators business and certain other smaller product lines. Following the closing, Olympus Canada hired substantially all of Carsen's employees and took over Carsen's Olympus-related operations (as well as the operations related to the other acquired product lines).

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