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Bayer to acquire birth control firm Conceptus for $1.1 billion

1:11 AM MDT | April 29, 2013 | Natasha Alperowicz

Bayer HealthCare has signed a merger agreement with Conceptus (Mountain View; CA), the developer of the Essure procedure—a leading nonsurgical, permanent birth-control method, Bayer announced today. The move aims to broaden Bayer’s portfolio in the field of contraception. Bayer, following the acquisition, will be able to offer a complete range of short-term, long-term, and permanent contraceptive choices for women, the company says.     Bayer will launch a public tender offer to acquire all shares in Conceptus within the next...

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