Tarsus swoops for US medical conference in $12.8m takeover

 
Oliver Smith
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EXHIBITIONS group Tarsus has bought US dermatology conference South Beach Symposium from SBS Medical Education in a deal worth $12.8m (£8m).

Tarsus said the transaction, which consisted of $6.4m in cash and $6.4m payable on completion and through to 2018, would expand the group’s medical business. “The acquisition of SBS is another key step in the transitioning of the group’s medical business and the implementation of the ‘Quickening the Pace’ strategy,” said managing director Douglas Emslie. Tarsus said its third-quarter trading was in line with expectations.