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Mergers & Acquisitions.
Ex-NuVasive CEO Lucier to head new M&A firm Corza Health
Recently departed NuVasive (NSDQ:NUVA) CEO Gregory Lucier will lead a new company formed to acquire medtech and life sciences firms and assets. Lucier, 54, is partnering with Chicago-based private equity firm GTCR to form the new company, Corza Health, in San Diego. GTCR holds stakes in Regatta Medical, which owns laser micro manufacturer Resonetics and Sotera Health along with life sciences, technology, and […]
Brainlab acquires Medineering’s robotics platform
Brainlab said today that it acquired Medineering and its line of robot-assisted surgery devices for an undisclosed amount. Brainlab, which earlier this month dealt its orthopedic joint reconstruction assets to Smith & Nephew (NYSE:SNN), is already an investor and markets the Medineering robot-assisted surgical arm under the Cirq brand. The Munich-based company said it plans […]
Report: Smiths Medical parent co to announce separation plans Friday
Smith Medical‘s parent company Smiths Group (LON:SMIN) is expected to disclose how it plans to separate its medical division from the rest of the organization on Friday, according to a report from the Minneapolis Star Tribune posted yesterday. The conglomerate has been seeking buyers for its medical division over the past few years, and has also […]
Novartis’ Alcon picks up PowerVision for $285m
Novartis (NYSE:NVS) subsidiary Alcon said today that it acquired intraocular lens developer PowerVision for $285 million. PowerVision is developing fluid-based intraocular lens implants that use the eye’s natural accommodating response to transport fluid in the implanted lens, Fort Worth, Texas-based Alcon said. The fluid-based lens creates a continuously variable monofocal lens using the natural contractions of the eye’s […]
LA cannabis outfit inks reverse merger with Imaging3
Imaging3 said yesterday that it inked a reverse merger deal through which the company will be acquired by a privately held, but unnamed, Los Angeles-based cannabis company. Burbank, Calif.-based Imaging3 said that its buyer holds licenses to manufacture and distribute cannabis products in California, and plans to open an ethanol-based extraction laboratory at its facilities. […]
Stryker pays up to $220m for OrthoSpace
Stryker (NYSE:SYK) said today that it put $220 million on the table for OrthoSpace and its InSpace rotator cuff repair device. Stryker said it paid $110 million in up-front cash and agreed to another $110 million in potential milestones for the Caesarea, Israel-based company. “The acquisition of OrthoSpace is highly complementary to our existing portfolio […]
Exactech acquires XpandOrtho
Exactech (NSDQ:EXAC) said today that it acquired knee replacement surgery instrument maker XpandOrtho for an undisclosed amount. Gainesville, Fla.-based Exactech said that it plans to incorporate XpandOrtho’s soft tissue balancing technology into its ExactechGPS computer-assisted surgery system designed to support shoulder and knee replacements. “This allows our technology, which has been in development for more than […]
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