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Toshiba takes one step closer to $273 Vital Images acquisition | Acquisitions roundup

June 9, 2011 by MassDevice staff

Toshiba Medical announces the expiration of the initial tender offer period for outstanding shares of Vital Images.

Toshiba
Vital Images

Toshiba Medical Systems Corp. came one step closer the $273 million acquisition of Vital Images Inc. (NSDQ:VTAL) with the announcement that the initial tender offer period had expired.

A total of 11.9 million shares were tendered by expiration time, representing about 72 percent of Vital Images' outstanding common stock on a fully diluted basis.

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St. Jude Medical puts more skin in iRhythm Technologies| Acquisitions roundup

May 17, 2011 by MassDevice staff

iRhythm Technologies raises another $15 million, including funds from lead equity round investor St. Jude Medical.

M and A Roundup

St. Jude Medical’s (NYSE:STJ) partnership with a California-based arrhythmia-diagnostic company is going well enough that it recently poured more money into that startup.

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PerkinElmer Q1 profits inch downward despite 14 percent sales increase | Earnings roundup

May 5, 2011 by MassDevice staff

PerkinElmer Inc.'s first quarter profits drop nearly 4 percent despite the company's double digit sales gains; company announces acquisition of genetic analysis software firm Geospiza Inc.

MassDevice.com Earnings Roundup

MassDevice keeps a close eye on public medical device companies, tracking their quarterly sales and earnings reports. For the most recent filings, check out our Earnings Roundup, where we collect each quarter's reports.

Here's a quick rundown of a few releases over the past couple days:

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GE Healthcare snaps up cellular imaging firm | Acquisitions roundup

May 1, 2011 by MassDevice staff

GE Healthcare enters takeover deal for cellular imaging company Applied Precision Inc.

GE Healthcare,

GE Healthcare is looking to boost its life sciences portfolio with the acquisition of a cellular imaging firm.

The General Electric Co. (NYSE:GE) unit is planning to buy Seattle area Applied Precision Inc. in a bid to expand its research products and services offering for the pharmaceutical and life science industries, the company said.

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Cancer treatment merger: Accuray cashes in on TomoTherapy's woes

April 8, 2011 by MassDevice staff

Regulatory documents reveal how a struggling TomoTherapy ended up in the hands of Accuray Inc. for a slim 0.66 percent multiple of its 2010 revenues.

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Like so many romances, the impending $277 million marriage between Accuray Inc. (NSDQ:ARAY) and TomoTherapy Inc. (NSDQ:TOMO) began on the shores of the Mediterranean, in the beautiful city of Barcelona.

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Accuray/Tomotherapy merger: Did the fish swallow the whale?

March 30, 2011 by MassDevice staff

New details on the merger of Accuray and TomoTherapy show similar companies with very different results.

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The $300 million engagement of Accuray Inc. (NSDQ:ARAY) and TomoTherapy Inc. (NSDQ:TOMO) might be a case where the fish ate the whale.

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Judge nixes Medtronic, NuVasive motions in patent infringement case

March 28, 2011 by MassDevice staff

Medtronic, NuVasive

A federal judge in California dealt blows to both sides in a patent infringement dispute over spinal implant technology between several Medtronic Inc. (NYSE:MDT) subsidiaries and NuVasive Inc. (NSDQ:NUVA).

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