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Speaker 1: Broadcasting live to New York Bloomberg eleven, Rio to Washington,

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Speaker 1: d C, Bloomberg to Boston Bloomberg, dwell under It to

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Speaker 1: San Francisco, Bloomberg to the countries es Exam Channel one,

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Speaker 1: and around the globe the Bloomberg Radio Plausaben Bloomberg Got Gone.

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Speaker 1: This is taking Stock, an acquisition and a new chief

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Speaker 1: executive of a Cantel Medical Corps. We're going to talk

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Speaker 1: about the acquisition and also how it is expanding across

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Speaker 1: its business units, talking about single use nasal masks, for example,

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Speaker 1: to eliminate cross contamination, preventing infections in hospitals. This is

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Speaker 1: such an important priority for so many people in the

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Speaker 1: medical Fielder eager to talk to our fresh limnted CEO.

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Speaker 1: Coming up on taking Stock. Now, we're getting to Charlie

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Speaker 1: Pellett in the news room for a Bloomberg Business Flash

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Speaker 1: and thank you very much, Kathleen Hayes, thank you, pim Fox.

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Speaker 1: We're looking at a lower Dawa Laura s P five

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Speaker 1: hundred index and higher and astack compositive index. We begin

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Speaker 1: with the SMP down four now at sine a drop

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Speaker 1: there of two tents of one percent. The SMP five

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Speaker 1: hunded index were retreating from an intra day record as

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Speaker 1: falling crude prices sparks a deepening sell off in energy shares,

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Speaker 1: weighing on investors confidence of the US growth and corporate

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Speaker 1: profits will rebound. David Joy is chief market strategist at

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Speaker 1: a mere Prized Financial. He was interviewed this morning on

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Speaker 1: Bloomberg Television. Well, I think on the energy front, clearly,

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Speaker 1: the rebalancing of the market is taking a lot longer

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Speaker 1: than people expected. We've got an inventory overhang that just

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Speaker 1: doesn't seem to want to go away. And now we've

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Speaker 1: got the rig count going up, so that's not helping. Uh.

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Speaker 1: So that's number one. And then number two. Uh, you've

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Speaker 1: had a couple of things. One, uh, the the economy

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Speaker 1: slowing down uh and just not gaining any real traction.

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Speaker 1: And you've had the Fed uh struggling to try and

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Speaker 1: convince the markets that they're still elevent at least for

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Speaker 1: the remainder of this year. And West Texas Intermedia crewed

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Speaker 1: now at forty oh nine, did trade below forty dollars

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Speaker 1: of barrel just a couple of minutes ago. Uh, it

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Speaker 1: is down. West Texas Intermediate Crew down three point six

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Speaker 1: brent forty two oh three of barrel, down three and

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Speaker 1: a half percent. Manufacturing expanded in July, though at a

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Speaker 1: slower pace, indicating gradual improvement that could help the economy

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Speaker 1: emerge from a week first half of the year. That's

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Speaker 1: according to the Institute for Supply Management, who we just

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Speaker 1: had right here on Bloomberg Radio. Ten year down eleven

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Speaker 1: thirty seconds, the yield there one point four nine percent,

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Speaker 1: and at two thirty two on Wall Street. Let's take

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Speaker 1: a look at some of the other stories making news.

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Speaker 1: Thank you Charlie from the Bloomberg News room. My Raimi

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Speaker 1: in a cent cio. Democratic presidential nominee Hillary Clinton is

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Speaker 1: campaigning in Omaha, Nebraska today. Community activist Preston Love is

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Speaker 1: among those looking forward to hearing her speak. Most important

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Speaker 1: to me, as in havoc it from my beloved North Foma,

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Speaker 1: is that she's visiting North Foma. Billionaire Warren Buffett will

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Speaker 1: be joining Clinton at the event. Alarming news from Florida,

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Speaker 1: where health officials have discovered more cases of ZEKEA virus.

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Speaker 1: Now Florida's governor is asking for help, as we learned

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Speaker 1: from Amy Morris in the Bloomberg newsroom in Washington, Florida

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Speaker 1: Governor Rick Scott asking for a federal emergency response team

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Speaker 1: to help stop the spread of ZEKEA in Florida and

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Speaker 1: the US. Scott says the number of cases in Florida

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Speaker 1: is now fourteen, clustered in one square mile neighborhood in

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Speaker 1: Miami Dade County. For now, health officials believe the active

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Speaker 1: transmissions are just in that area, and they believe these

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Speaker 1: are the first people to contract the virus from mosquitoes

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Speaker 1: at the US anymore. As Bloomberg radio, a storm system

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Speaker 1: is gaining strengthen the Caribbean. Jamaica's Weather Service has issued

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Speaker 1: an alert advising small vessels to return to shore in

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Speaker 1: warning that flash flooding is likely across the island. The

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Speaker 1: U S National Hurricane Center says a system could be

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Speaker 1: upgraded to tropical storm EARL sometime today. And Manhattan judge

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Speaker 1: has reversed a two point seven million dollar civil judgment

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Speaker 1: that said convicted child molester Jose Ramos killed six year

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Speaker 1: old eighton Pace went missing in nineteen seventy nine. Another man,

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Speaker 1: Pedro Hernandez, is charged with the murder. His first trial

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Speaker 1: ended in a hung jury, partly because the civil judgment

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Speaker 1: was used in his defense. Global News twenty four hours

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Speaker 1: a day, powered by more than journalists and analysts in

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Speaker 1: more than one hundred twenty countries. I'm Ramy in Essensio.

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Speaker 1: This is Bloomberg, Charlie, and we thank you and again

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Speaker 1: recapping has some p lower down three points now to

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Speaker 1: sixty nine and drop there of two tenths of one percent.

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Speaker 1: I'm Charlie Palatine. Dat's a Bloomberg business flash. You're listening

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Speaker 1: to taking stock with bim Box and Kathleen Hays on

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Speaker 1: Bloombird Radio. Can't tell Medical Group of leading global company

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Speaker 1: as a dedicad delivering innovative infection prevention products and services.

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Speaker 1: Quite a day to day for the company, a new CEO,

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Speaker 1: an acquisition, and a share price it's moving higher. Maybe

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Speaker 1: that's some applause for the man who's taking the helm

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Speaker 1: of the company today. We're very happy to introduce. Now

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Speaker 1: you're in Hansen. He is CEO of Cantel Medical Corp.

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Speaker 1: A company that he has worked with now for some time,

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Speaker 1: joining us in studio to talk about the company where

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Speaker 1: he intends to take it next and in fact where

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Speaker 1: he's taking it today. You're and welcome to the show.

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Speaker 1: Thank you, Kathleen. So, first of all, a little bit

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Speaker 1: more about can Tell what you are and what you do.

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Speaker 1: Can Tail is a company that is a completely dedicated

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Speaker 1: to infiction prevention. Our business is driven by some of

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Speaker 1: the major health issues in the world, including colorrectal cancer, diabetes, diabetes, obesity,

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Speaker 1: and then the dental business. We have a range of

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Speaker 1: products that goes into those areas and they all focused

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Speaker 1: our own infection convention. I want to just mention that

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Speaker 1: the shares of Cantel Medical are about two percent. Perhaps

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Speaker 1: investors happy about your latest acquisition of acute On tell

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Speaker 1: us how this expands your business in the dental segment.

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Speaker 1: Thank you, pim Uh In cancerl We are focused on

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Speaker 1: delivering full solutions that help prevent infections in the spaces

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Speaker 1: that we operate within dental. The Acutron acquisition, which we

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Speaker 1: are very excited about, adds another line of products single

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Speaker 1: use nasal masks that are used in connection with conscious

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Speaker 1: station and it's another product to our portfolio that it

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Speaker 1: helps the dentists prevented fictions doing procedures. So your role

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Speaker 1: now is CEO. Tell us a little bit about how

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Speaker 1: you got into this field, How you got into this company,

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Speaker 1: Where and when you see your company in industry heading,

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Speaker 1: what are the opportunities. I've been in the mid device

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Speaker 1: business now for almost twenty years at various companies in

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Speaker 1: eurb Asia and now the US. Cancer medical is in

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Speaker 1: a in a great space. We are, as I mentioned,

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Speaker 1: focused on on preventing infections and prevention is theme for

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Speaker 1: the healthcare providers all over the world. To spend a

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Speaker 1: dollar on prevention is much better than wait for an

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Speaker 1: infection to happen. So we feel very confident about our

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Speaker 1: markets and I see it by future for the future

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Speaker 1: for the company. You also have a segment that focuses

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Speaker 1: on water purification and filtration. Tell us about that. A

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Speaker 1: water purification of filtration business is mainly focused on hemodialysis water,

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Speaker 1: so that is water used for hemodialysis. There's about six

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Speaker 1: thousand five clinics in the US and about four and

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Speaker 1: fifty procedures conducted a year, and we part take in

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Speaker 1: about those procedures. So R and D Research and Development

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Speaker 1: talked to us about that part of the business. What

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Speaker 1: kind of scientists How much do you invest? Because I

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Speaker 1: would think if you want to be a leader, and

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Speaker 1: you want to compete, you've always got to be improving there.

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Speaker 1: Absolutely we have. We have three three growth priorities for

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Speaker 1: the company, new product development, market expansion supported by M

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Speaker 1: and A. In terms of R and D, we have

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Speaker 1: a fairly large direct R and D team based out

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Speaker 1: of our campus in Minnesota, focusing in understanding needs for

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Speaker 1: infection prevention in the hospital and in a dental area

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Speaker 1: in NHEM analysis, and we have launched wide rains of

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Speaker 1: products over the last few years to supplement that. When

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Speaker 1: we look at companies like for example, Equiton today, they

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Speaker 1: bring new products to our back and opens up new

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Speaker 1: opportunities for help fighting infections. We talk about fighting infections,

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Speaker 1: A lot of that has to do with just disinfect

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Speaker 1: and chemicals, right, tell us about that group and also

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Speaker 1: tell us a little bit about how pernicious these kinds

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Speaker 1: of infections can be. Yeah, we are. We are. Actually

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Speaker 1: both are developed on the manufacture of chemical disinfections. Our

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Speaker 1: main product is parasitic acid that is used for cleaning

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Speaker 1: scopes and has all kinds of beneficial properties. The main

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Speaker 1: area that might be familiar to the general public is

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Speaker 1: that there has been issues where cleaning cols or do

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Speaker 1: a demo scopes over the last couple of years and

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Speaker 1: with our solutions, our equipment and our chemistry combined, we

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Speaker 1: can completely eradicate those issues. And that's one of the

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Speaker 1: reasons why the company is very, very busy today. Who's

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Speaker 1: your biggest competition and where do you see the most

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Speaker 1: potential for growth? United States, Asia, Europe. We have a

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Speaker 1: very strong US market at the moment, driven by the

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Speaker 1: aforementioned issues. Our main competitors are very different depending on

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Speaker 1: what part of the world. In the US, it's mostly Olympus.

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Speaker 1: The Olympics are manufacturer of scopes, but they also make

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Speaker 1: various products that goes into the g I suite. In

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Speaker 1: Europe and Asia, the competition is is quite different depending

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Speaker 1: on each market, so we feel we have a strong

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Speaker 1: competitive position. We are focused to our business areas. We

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Speaker 1: get up in the morning and think about fighting infections

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Speaker 1: in all particular area and nobody if none of our

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Speaker 1: competitors are really doing that, they're doing a lot a

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Speaker 1: lot of other things. So thank you very much for

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Speaker 1: coming in and spending time with us. John Hanson, he

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Speaker 1: is the president and the chief executive, can tell Medical Group.

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Speaker 1: They're based in Little Falls, New Jersey. The symbol is

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Speaker 1: c m N. The stock right now up a little

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Speaker 1: bit more than two percent higher by a dollar thirty

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Speaker 1: six at six thirty one. The shares are up nearly

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Speaker 1: ten percent so far this year, and the dividend is

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Speaker 1: about two tenths of a percent. Thank you, Kathleen. You

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Speaker 1: think that the growth in infectious disease prevention would also

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Speaker 1: bolster the industry of Cantel Medical, And of course this

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Speaker 1: is a situation where hospitals cannot skimp on these kinds

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Speaker 1: of efforts. If you're listening to taking stock and this

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Speaker 1: is Bloomberg to China, we go to look broadly at

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Speaker 1: the economy, big slowdown. Looks like manufacturing continues to stumble.

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Speaker 1: And did he buys a big, big chunk of uber?

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Speaker 1: Who won? Who lost? This is Bloomberg