Question-and-Answer Session
Operator
And ladies and gentlemen, we will now begin the question-and-answer session. (Operator Instructions). And our first question from the line of Rick Weiss with Leerink Swann. Please go ahead.
Frederick Wise - Leerink Swann Llc
Good afternoon, Tim.
Timothy Ring
Hey, Rick.
Frederick Wise - Leerink Swann Llc
Starting I guess with urology just -- you said that distributors reduced inventories again but at a slower rate. Can you give us any more color or do you have anymore thoughts about how much longer the longer the full process is going to take and do we start to -- should we expect a sort of a sharper rebound maybe in the third or fourth quarter, is that's what's ahead?
Timothy Ring
Rick, the effect of that was about $5 million in the second quarter. That's down from about $9 million in Q1 of this year. Now while we don't have perfect insight into the dealer inventory levels, we do know that they are approaching a very-very low point from historical standpoint. We can't guarantee that they won't be moving them even lower, but we don't think that there is a lot of opportunity that'd be very substantially lowered at this point in time.
Frederick Wise - Leerink Swann Llc
Yeah. Thanks, Tim. And Tim you -- maybe two part question about deals. You said there are more deals ahead, should we assume more this year and maybe just you could reflect on that and maybe taking and now this question for you or for John
taking these two small transactions, the AlloMax and the Zen Matrix. Maybe can you give us again a little more color about the opportunity or the contribution that they could make over the next six, 12 months, just how do we think about the impact on sales? Thank you so much.
Timothy Ring
I'll be able to deal for the question and then the two Johns can respond to the product question. We're very bullish on the deal flow that we see in front of us. As you know deals are opportunistic to an extent and we're extremely disciplined in the process and everyone including us has said while there's some inexpensive deals because the values have gone down.
The one that we've seen, a matter of quality that we were looking at. So we're not going to just buy something because it's inexpensive. But we're extremely active on the front and multiple divisions, looking at multiple things literally as we speak.
- To read the full transcript on Seeking Alpha, click here »
