Category: Mergers & Acquisitions
Getinge Group's medical device subsidiary Maquet Cardiovascular buys LAAx and its TigerPaw heart implant.
Getinge (PINK:GETI B) subsidiary Maquet Cardiovascular said it bought LAAx Inc and its TigerPaw II heart implant for an undisclosed amount.
Stryker (NYSE:SYK) CEO Kevin Lobo told an investors conference audience in Las Vegas yesterday that the medical device company is still in the mergers & acquisitions hunt, even after its newsmaking buyouts of China's Trauson Holdings, Israel's Orthovita and Surpass Medical.
Shares of Theragenics soar to a 52-week high today after the medical device company reports a buyout offer from Juniper Investment Co. worth a potential $71 million.
Theragenics (NYSE:TGX) said a private equity firm, Juniper Investment Co., offered to pay up to roughly $71 million for the medical device company, sending its shares to a 52-week high today on Wall Street.
The value and volume of merger & acquisition deals in the medical device industry fell during the 1st quarter, according to a PricewaterhouseCoopers report, but there was still a lot of activity as medtech makers explored deals.
The number of medical device merger & acquisition deals and their value fell during the 1st quarter, according to PricewaterhouseCoopers, but that doesn't mean there wasn't a lot of activity behind the scenes, Dimitri Drone, leader of PricewaterhouseCoopers' Transaction Services Life Sciences sector, told MassDevice.com.
Shares of ICU Medical surge to an all-time high on rumors that it's mulling a $1 billion buyout.
Shares of ICU Medical (NSDQ:ICUI) surged to an all-time high yesterday on rumors that the medical device company is mulling a $1 billion buyout.
San Clemente, Calif.-based ICU Medical hired JPMorgan Chase & Co. to help it field offers, "people familiar with the matter" told Bloomberg.
NuVasive said it paid $4.5 million to acquire ANC LLC, a contract manufacturer in Ohio that makes some of its spinal implants.
NuVasive Inc. (NSDQ:NUVA) said it paid $4.5 million to buy 1 of its contract manufacturing partners, ANC LLC, based in Fairmont, Ohio.
The San Diego-based medical device company said ANC, a partner since 2010, is "1 of NuVasive's significant implant suppliers."
Medical device company Zimmer Holdings said it plans to acquire Knee Creations and its subchondroplasty knee pain treatment for an undisclosed amount.
Zimmer (NYSE:ZMH) said it agreed to pay an undisclosed amount for Knee Creations LLC and its joint preservation treatment.
The Warsaw, Ind.-based orthopedic medical device company said West Chester, Pa.-based Knee Creations' subchondroplasty treatment is designed to treat knee pain, whether associated with arthritis or not.
