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 […]
Mergers & Acquisitions
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 […]
The Zombie Deal That Won’t Die II: Rumors of Stryker’s buyout of Smith & Nephew resurrected
Rumors of the zombie deal that won’t die, Stryker‘s (NYSE:SYK) reported buyout of Smith & Nephew (NYSE:SNN), were resurrected last week after StreetInsider reported that Stryker tabled an $18 billion offer for its British orthopedics rival. Citing “a person with knowledge of the situation,” the website said Goldman Sachs is acting as an advisor on the deal […]
Toshiba, amid 7,000 layoffs, looks to sell stake in medical business
Toshiba (TYO:6502), amid a massive restructuring aimed at righting the ship after a $1.3 billion accounting scandal, said it’s looking for outside investors to buy a stake in its healthcare business and is laying off nearly 7,000 workers. The Japanese tech conglomerate said it wants to focus on its core nuclear energy and chip businesses. That means […]
GSI Group buys OEM RFID maker SkyeTek for $2.6m
GSI Group today said it bought medical OEM RFID maker SkyeTek for $2.6m in cash. Skyetek produces HF and UHF RFID technologies for OEMS in the medical and advanced industrial markets, according to the Bedford, Mass.-based GSI Group. The purchase will be folded into GSI’s RFID business unit, JADAK. “The combination of SkyeTek with JADAK creates […]
Lima closes Zimmer Japanese asset buyout
Lima Corporate said earlier this month it closed its purchase of Zimmer Biomet‘s (NYSE:ZBH) unicompartmental high flex knee and discovery elbow systems in the Japanese market, as well as the Japanese supply chain. The deal closed after receiving approval from the Japanese Fair Trade Commission, Italian Lima said. “ZUK, now rebranded Physica ZUK, will open doors in […]
Ascom buys United Medical Software
Ascom said today it acquired Italian medical software company United Medical Software for an undisclosed amount. UMS develops and offers software for integrating medical devices and provides digital medical record software for life-critical patient care, according to Swedish Ascom. “Ascom is very pleased to have acquired a business with such a good strategic fit. This […]
BC Technical picks up Legacy Medical Imaging
BC Technical said it acquired diagnostic imaging service company Legacy Medical Imaging for an undisclosed amount. Dallas-based Legacy Medical Imaging is an independent service organization that provides service for CT and MR systems in the U.S., BC Technical said. West Jordan, Utah-based BC Technical is the U.S.’s largest non-OEM medical imaging parts supplier, according to […]
BD CEO Forlenza: We’re not selling surgical instruments biz
Rumors that Becton Dickinson (NYSE:BDX) is mulling the sale of its V. Mueller surgical instruments after closing the $12.2 billion acquisition of CareFusion are not true, chairman & CEO Vincent Forlenza said today. “We are not selling our surgical business. On the other hand, we are doing a market check on our respiratory business, but we have […]
Senseonics closes ASN Tech merger
Senseonics said today it closed its merger with ASN Technologies. As part of the buy, ASN Technologies changed its name to Senseonics Holdings and “disposed” of its legacy business through selling assets and liabilities to its former sole officer Daniel Davis in exchange for forgiveness of debt. “The completion of the merger marks a significant […]
Edwards Lifesciences looks to mitral repair with Harpoon Medical stake
Edwards Lifesciences (NYSE:EW) took out a stake with an exclusive option to buy in Harpoon Medical potentially adding a mitral repair device to the mitral valve replacement being developed by recent acquisition CardiAQ Valve Technologies. Irvine, Calif.-based Edwards did not reveal the size of its stake in Harpoon when it released new guidance earlier this week. Harpoon, based […]