Aussie regulators approve Baxter’s $4B Gambro merger

Aussie regulators approve Baxter's $4B Gambro merger

Australian business regulators decided this week that they won’t opposed Baxter’s (NYSE:BAX) nearly $4 billion buyout of Swedish dialysis maker Gambro AB, as long as Baxter follows through with its plan to ditch its renal replacement therapy business.

Baxter had earlier offered to ditch its renal division in efforts to appease EuroZone regulators, who approved the merger last month.

Like EU regulators, the Australian Competition & Commerce Commission raised some red flags about the high-value merger, mandating that Baxter divest its renal replacement division to a company approved by the ACCC. Baxter agreed in July to sell the business to Japan-based Nikkiso Co Ltd (TSE:6376) for about $621 million (¥3.8 billion), a move that the regulators said they’d get behind.

"The ACCC was concerned that the proposed acquisition could have led to higher prices for [continuous renal replacement therapy] in hospitals in the absence of the proposed divestiture," ACCC chairman Rod Sims said in prepared remarks. "The divestiture of Baxter’s CRRT business to Nikkiso is expected to create a viable, effective, independent and long term competitor to Baxter and thereby address the ACCC’s competition concerns."

With those actions in place, Australian healthcare regulators said they were "satisfied" that the Baxter-Gambro merger wouldn’t "substantially lessen competition in Australia."

The Gambro AB buyout has also gotten the OK from regulators in China, the Ukraine, Brazil, Canada, South Korea, Turkey and the U.S.

RSS From Medical Design & Outsourcing

  • LPKF defends LDS patent in Federal Patent Court
    Garbsen-based laser specialist LPKF today announced that it has won another key victory in the legal dispute with Motorola concerning the infringement of the patent for Laser Direct Structuring (LDS) developed by LPKF. A year ago, a lower court ruled in favor of LPKF in the patent infringement suit brought by LPKF against Motorola. Motorola […]
  • A-Laser helps Cardica produce next-generation medical devices
    Cardica, a designer and manufacturer of proprietary stapling and automated anastomotic devices for cardiac and laparoscopic surgical procedures, has partnered with precision laser-cutting and engineering firm, A-Laser, to expand and refine its line of next-generation medical devices. “For several years, we have worked with A-Laser on a number of product prototypes as well as ongoing […]
  • Procyrion CEO discusses its life-changing pump designed to heal the heart
    Ben Hertzog is the CEO of Procyrion, a Houston-based company that is developing Aortix, a custom designed pump built around a powerful micro-motor mounted on a set of expandable struts. Aortix is designed to rest and heal the heart by reducing afterload and improving blood flow to vital organs. Unlike other circulatory assist devices that […]
  • U.S. Based Qure Medical Acquires UK-Headquartered Silicone Altimex
    Qure Medical, with corporate headquarters in Twinsburg, Ohio, has acquired UK-headquartered Silicone Altimex, announced Randy Ross, President and CEO of Qure Medical. Financial terms of the agreement were not disclosed. Qure Medical provides integrated elastomer solutions to medical device manufacturers. Silicone Altimex is one of Europe’s leading independent manufacturers of cleanroom-produced silicone tubing components and […]
  • Coatings2Go is issued U.S. Patent for hydrophilic coating
    Coatings2Go, a medical device coating supplier, recently announced its receipt of a patent as it relates to hydrophilic coatings. The U.S. Patent Office has issued to Coatings2Go a patent with a grant date of July 14, 2015: U.S. Patent Number 9,080,061, “Coating Resins And Coatings With Multiple Crosslink Functionalities.” “This new patent is the third […]
  • Herrmann Ultrasonics, Inc. announces its 25 Year Anniversary
    In 1990, Thomas Herrmann, the son of Walter Herrmann, who founded Herrmann Ultraschalltechnik GmbH in 1961, established Herrmann Ultrasonics Inc. in the Chicago area. Hermann Ultrasonics, Inc. is proud to recognize a milestone year in observance of their 25th anniversary. Herrmann Ultrasonics has been focused on providing ultrasonic welding technology for various markets such as […]
  • Consumer Health Applications receive the most attention today, but the future is elsewhere
    Wearables for health fall into a wide range of technologies, functions, use cases and over-arching regulatory frameworks that developers and prospective entrants have to understand in order to effectively compete. Using an underlying taxonomy for human health, we establish a health-focused wearables taxonomy around three major categories—applications, use cases, and form factors—the three areas critical […]
  • Paralyzed men move legs with new non-invasive spinal cord stimulation
    Five men with complete motor paralysis were able to voluntarily generate step-like movements thanks to a new strategy that non-invasively delivers electrical stimulation to their spinal cords, according to a new study funded in part by the National Institutes of Health. The strategy, called transcutaneous stimulation, delivers electrical current to the spinal cord by way […]
  • SCHURTER’s new power entry module offers IP 54 protection with V-Lock cord sets
    SCHURTER is pleased to announce, that its power entry module, series 5707, now offers IP 54 protection with V-Lock cord sets at the power input, in addition to IP 65 protection to the equipment. The sealed module is ideal for use in medical equipment exposed to leaks, drips and spills, as well as equipment subject […]
  • GlobTek presents its latest level VI AC/DC adapter and connverter
    T-43086-WWVV-X.X-Q Model is an addition to GlobTek’s Level VI compliant GT-43086 family and represents GlobTek’s 6 Watt wall plug-in series of AC/DC adapters (power supplies and chargers) with International Interchangeable blades. GlobTek’s changeable input blade system with individual field replaceable input plugs, including: North America and Japan NEMA 1-15P, Australian, UK BS 1363, European CEE […]
  • Sanmina’s familiarity with FDA gets skin treatment product to market fast
    The medical market for cosmetic devices is booming. However, quickly launching new products to meet demand is becoming more challenging because device manufactures face increased regulatory scrutiny. To help meet regulatory requirements, aesthetic and other medical-device OEMs are partnering with electronics manufacturing services (EMS) companies that also offer expertise with the FDA filings necessary to […]

Leave a Reply