Exactech (NSDQ:EXAC) said today it sold the entirety of its dental biologics business to Salvin Dental Specialties, through its Salvin Regenerative subsidiary. Financial terms and other details of the deal were not disclosed. Salvin Dental develops, manufactures and markets implant dentistry regenerative biomaterials and surgical instrumentation, Exactech said. “While it has been a pleasure to […]
Mergers & Acquisitions
Sectra buys Swedish imaging company RxEye
Sectra (OMX:SECTB) said it acquired RxEye AB and its cloud-based medical imaging platform for an undisclosed amount on Dec. 30, 2015. The RxEye Cloud service is used to remotely view images by more than 2,000 users in European radiology, nuclear medicine and pathology departments and teleradiology services companies, Linköping, Sweden-based Sectra said. RxEye, which employs 6 workers, posted sales of about […]
HeartWare shareholder threatens proxy fight over Valtech merger
HeartWare International (NSDQ:HTWR) may face a proxy battle from a shareholder over its proposed acquisition of Israeli replacement heart valve maker Valtech Cardio, according to an SEC filing posted yesterday. The company said it received a notice from shareholding firm Engaged Capital nominating 3 board members and opposing its proposed acquisition of Valtech. “While we […]
PositiveID acquires mobile lab developer E-N-G Mobile Systems
PositiveID (OTC:PSID) said today it acquired specialty vehicle and mobile lab developer E-N-G Mobile Systems for approximately $1 million. ENG’s fastest growing division was its mobile labs segment, which included chemical, biological, nuclear, radiological and explosives testing, PositiveID said. TheDelray Beach, Fla.-based company said it plans to add its bio-detection technology to the labs to offer […]
Hologic picks up DiagnoCure PCA3 prostate marker assets for $4.7m
DiagnoCure said last week it sold its PCA3 prostate cancer biomarker assets to Hologic‘s (NSDQ:HOLX) subsidiary Gen-Probe for $4.7 million (C$6.5 million). The purchase is slated to include $4 million (C$5.5 million) in cash and the repurchase of 4.9 million series A convertible preferred shares of DiagnoCure held by Gen-Probe, valued at $744,229 (C$1 million). “The […]
Steris gains on post-Synergy merger outlook
Steris (NYSE:STE) shares are up nearly 8% since the company last week issued its 1st post-merger guidance since its $2 billion merger with the U.K.’s Synergy Health, as investors reacted to a top-line growth forecast of 21% to 22% for fiscal 2016. Mentor, Ohio-based Steris closed the Synergy merger Nov. 2 in a so-called inversion deal, in which it re-incorporated as a […]
Avita Medical sheds respiratory biz for $2.64m
Avita Medical (ASX:AVH) said today it sold its respiratory business to Medical Developments International for $2.64 million. The division includes Avita’s Breath-A-Tech and Funhaler asthma spacers designed to optimize the use of medicinal puffers, marketed in Australian pharmacies. “The sale of our respiratory business will enable Avita Medical to fully concentrate on our core regenerative […]
Private Equity firm EQT buys Lima
Lima Corporate said today private equity firm EQT acquired it through the purchase of the majority of the company’s shares, shifting ownership from Ardian. The transaction is still subject to regulatory approval in European jurisdictions, the company said. “EQT has followed Lima for almost ten years and we are impressed by the Company’s growth history as well as […]
Intuitive Surgical puts another $9 million into Luna Innovations’ shape-sensing tech
Luna Innovations (NSDQ:LUNA) said today that Intuitive Surgical (NSDQ:ISRG) agreed to put up another $9 million for the shape-sensing technology it bought for its da Vinci robot-assisted surgery platform. Pleasanton, Calif.-based Intuitive paid a total of $12 million last year for the technology, which is designed to provide real-time measurements to help surgeons sense positions and track locations in […]
CryoLife in $130m deal to enter valve market with On-X Life Technologies buy
CryoLife Inc. (NYSE:CRY) made a big play yesterday for the mechanical heart valve space with a $130 million deal to buy On-X Life Technologies. On-X makes an aortic valve replacement and is developing a mitral chord repair device called Chord-X. The Austin, Texas-based company put up sales of about $33 million last year, CryoLife said. The deal calls […]
Galil Medical kills $11m Perseon bid
Galil Medical spiked its $11 million tender offer for Perseon Medical (NSDQ:PRSN) and its MicroThermX microwave ablation device, after failing to gather enough shares despite extending the deadline. The deal, announced in October, called for Arden Hills, Minn.- and Yokneam, Israel-based Galil to pay $1 per share plus 2¢ per warrant for Perseon, formerly known as BSD Medical. Shareholders had tendered […]