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A report from Disclosure Insight reiterates its Medium Risk – Positive Bias rating on PSS World Medical
PSSI.
The report states, “Related party transactions and acquisition activity support our opinion of a Medium Risk - Positive Bias rating on PSSI. Four relatives of 2 executives work for PSSI. PSSI completed at least 3 business acquisitions and several other acquisitions for approximately $77 million, of which $43 million was allocated to goodwill”.
PSSI closed yesterday at $22.25.
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