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Mergers & Acquisitions
Prism Medical wins approval for shareholders meeting for sale to Handicare
Prism Medical said today it obtained an interim order from the Ontario Superior Court of Justice to allow for a special meeting of share holders to approve its acquisition by Handicare. The meeting is scheduled for August 26, and will allow shareholders to vote on the approximately $62 million acquisition by Swedish Handicare, which supplies technical aids for […]
Philips acquires population health mgmt co. Wellcentive
Royal Philips (NYSE:PHG) said today it inked a deal to pick up population health management software dev Wellcentive for an undisclosed amount. Philips said the purchase would “compliment” its current portfolio of cloud-based IT solutions and will allow them to import, aggregate and analyze clinical, claims and financial data across hospital and health systems as […]
Abbott rises on Q2 earnings, sales beats
Abbott (NYSE:ABT) saw its stock rise today after reporting earnings and sales that came in above the consensus outlook on Wall Street. The Abbott Park, Ill.-based healthcare giant posted profits of $812 million, or 41¢ per share, on sales of $5.33 billion for the 3 months ended June 30, for a bottom-line gain of 3.3% […]
Santen buys microshunt maker InnFocus for $225m
Santen Pharmaceuticals said today it picked up glaucoma-treating Microshunt developer InnFocus for $225 million, plus additional consideration upon reaching certain milestones. The Microshunt system is designed to help reduce pressure within the eye in patients with moderate and late stage open angle glaucoma, and is intended to be an alternative to traditional glaucoma surgery. “The InnFocus […]
RoundTable Healthcare deals ophthalmic biz Beaver-Visitec to TPG
RoundTable Healthcare Partners said today it sold its ophthalmic surgical device subsidiary Beaver-Visitec International Holdings to private investment firm TPG Capital for an undisclosed amount. Waltham, Mass.-based BVI produces Beaver blades, Visitec cannulae and instruments, Merocel and Weck-Cel ophthalmic fluid management products and Wet-Field Eraser electrosurgery products, and operates 2 manufacturing plants with locations in […]
Zimmer pays at least $132m for French robot-assisted surgery firm Medtech SA
Zimmer Biomet (NYSE:ZBH) said today that it agreed to pay at least $132 million to acquire French robot-assisted surgery firm Medtech (EPA:ROSA). Warsaw, Ind.-based Zimmer Biomet has already paid €50.00 per share ($55.39) for more than 1.4 million ROSA shares, which is about 58.77% of the Montpellier, France-based company’s stock, to founder & CEO Bertin Nahum, Newfund and other owners. […]
Endonovo Therapeutics raises $10m for Rio Grande buy
Endonovo Therapeutics (OTC:ENDV) said today that it raised $10 million it plans to use to fund the $22 million acquisition of Rio Grande Neurosciences. The backing from an unnamed institutional investor consists of $1 million in convertible notes and another $9 million in a securities purchase agreement, Los Angeles-based Endonovo said. The company said it’s received $400,000 […]
