Antitrust regulators in the U.K. yesterday opened a probe into the planned merger of Nelipak and Bemis Healthcare Packaging Europe by private equity shop Kohlberg. The PE giant acquired Cranston, R.I.-based Nelipak, which manufactures rigid healthcare packaging used in Class II and Class III medical devices and pharma drug-delivery products, in early July for an undisclosed amount. Get […]
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AtriCure closes $300m SentreHeart buyout
AtriCure (NSDQ:ATRC) said yesterday that it closed the $300 million buyout of SentreHeart and its Lariat left atrial appendage closure device. The offer included $40 million in up-front cash and stock, plus $140 million in clinical and regulatory milestones and $120 million in reimbursement milestones, all payable in cash and stock, Mason, Ohio-based AtriCure said when the […]
InMode pulls down $70m with IPO
InMode (NSDQ:INMD) yesterday closed its initial public offering, saying it grossed $70 million for the radiofrequency devices it’s developing for aesthetic medical procedures. Proceeds from the flotation of 5 million shares at $14 apiece are earmarked for hiring additional sales and marketing personnel and expanding those programs and for funding R&D, working capital and general […]
New building on the way for innovation campus near Mayo Clinic
Developer M.A. Mortenson Co. has filed plans for a five-story, 121,295-square-foot Two Discovery Square — the second building for the innovation campus next to Mayo Clinic in Rochester, Minn., the Rochester Post Bulletin reports. Mortenson and the Destination Medical Center project office didn’t provide additional details to the newspaper. The original roughly 90,000-square-foot One Discovery […]
Biomet vet Serbousek to succeed Mason as Orthofix CEO | Personnel Moves, August 13, 2019
Orthofix (NSDQ:OFIX) last week named a successor for president & CEO Brad Mason in November, tapping Jon Serbousek as president of its spine business effective August 5. Mason is slated to retire Oct. 31; Serbousek, a 30-year medtech veteran with stints at Biomet, Medtronic (NYSE:MDT) and Johnson & Johnson (NYSE:JNJ) unit DePuy Orthopaedics, is due to […]
FDA grants breakthrough nod to Concept Medical for below-the-knee use of MagicTouch DCB
Medtech developer Concept Medical said today it won FDA breakthrough device designation for below-the-knee (BTK) use of its MagicTouch sirolimus drug-coated balloon catheter designed for the treatment of peripheral artery disease. The Tampa, Fla.-based company won the same designation for MagicTouch for the treatment of coronary in-stent restenosis in April. Get the full story on our sister […]
Apollo Endosurgery lands $20m in debt placement
Apollo Endosurgery (NSDQ:APEN) said yesterday that it closed a private debt placement worth $20 million. The debt pays 6.0% annually and can be converted to APEN shares at $3.25 apiece, with Austin, Texas-based Apollo able to force the conversion of the unsecured debentures. Apollo said it plans to use the proceeds for working capital and general […]
Misonix lands CE Mark for Nexus ultrasonic platform
Misonix (NSDQ:MSON) said today that it has received the CE Mark for a new ultrasonic surgical platform. The Nexus platform combines all the features of Misonix’s existing solutions, including BoneScalpel, SonicOne and Sonastar, into a single, fully integrated platform that was also designed to accommodate future solutions. The Nexus platform is driven by a new […]
Transcatheter mitral valve tech dev CardioMech AS raises $5m
CardioMech AS said today that it has raised another $5 million in a heavily oversubscribed convertible note funding round, bringing its total raised during 2019 to $7.5 million. Experienced medtech investors participated in the round, whose proceeds will be used to further accelerate the development of its transcatheter mitral valve technology, according to the early-stage […]
Denmark’s Ambu settles U.S. trade violations for $3.3 million
Ambu A/S will pay $3.3 million to resolve allegations that it manufactured products in China and Malaysia for sale to U.S. government agencies in violation of the federal Trade Agreements Act (TAA), according to the U.S. Department of Justice. The government claims that the Danish medtech company submitted false claims to the Defense Logistics Agency […]
Exo Imaging reels in $35m Series B
Exo Imaging last week burst out of stealth mode with a $35 million Series B round for the handheld ultrasound device it’s developing. Intel Capital led the round for Redwood City, Calif-based Exo, joined by Applied Ventures, Bold Capital, Creative Ventures, Longevity Vision Fund, Magnetar Capital, Nautilus Venture Partners, OSF Healthcare, Rising Tide Fund, Sony […]