Category: Surgical equipment

Owens & Minor lands $547 million in Pentagon deals

August 19, 2010 by MassDevice staff

Owens & Minor (NYSE:OMI) landed $547.2 million worth of U.S. Dept. of Defense contracts, the federal agency revealed.

The two-year contracts representing $442.6 million, $68.4 million and $36.2 million are for medical surgical supplies and services for every branch of the armed forces, plus "federal civilian agencies and other non-DOD agencies." Each contract is set to be completed April 19, 2012.

Intuitive Surgical inks pact, buys 3% of Cardica

August 18, 2010 by MassDevice staff

Intuitive Surgical Inc. (NSDQ:ISRG) and Cardica Inc. (NSDQ:CRDC) agreed to integrate Cardica's micro-cutter technology for Intuitive's da Vinci robotic surgery system and for Intuitive to pick up a 3 percent stake in Cardica.

Thermedx wins FDA clearance for surgical fluid device

August 4, 2010 by MedCity News

Thermedx LLC received U.S. Food & Drug Administration market clearance for its surgical fluid management system.

It's the first market clearance for the Solon, Ohio-based company since opening for business in 2007.

Stryker spends $103 million on a pair of acquisitions

November 10, 2009 by MassDevice staff

Stryker Corp. spent an estimated $103 million beefing up two of its divisions.

The Kalamazoo, Mich.-based medical device giant said the company will acquire OtisMed Corp., a software company out of Alameda, Calif., that makes computer programs for customizable knee replacements.

Dollar woes add up to a modest Q3 gain for Stryker Corp.

October 20, 2009 by MassDevice staff

A slumping dollar was just enough to keep Stryker Corp. sales from completely flat-lining during the third quarter.

The decline in the value of the U.S. dollar against other currencies worked to prop up otherwise flat sales for the orthopedic and surgical equipment manufacturer during the three months ended Sept. 30, resulting in a 1.2 percent quarterly increase in sales compared with year-ago results.

Stryker's bottom line also benefited from a soft dollar, turning a modest $3 million gain in third-quarter net income into a 1.3 percent jump in profits.