Brain-computer interface developer Science Corporation announced today that it acquired the IP and related assets for the Pixium Vision Prima implant. Neuralink co-founder Max Hodak founded Science, which unveiled its Science Eye brain-computer platform in 2022. The Science Eye is a visual prosthesis. It targets retinitis pigmentosa (RP) and dry age-related macular degeneration (AMD), two […]
Mergers & Acquisitions
Titan Medical progresses with Conavi merger
Titan Medical today provided a progress update regarding its planned merger with surgical guidance technology company Conavi Medical. The companies entered into a definitive amalgamation agreement to combine in an all-stock transaction last month. They aim to commercialize Conavi’s Novasight Hybrid system for guiding common minimally invasive coronary procedures. Conavi Medical designs, manufactures and markets imaging […]
European Commission says Illumina can move forward with Grail divestiture
Illumina (Nasdaq:ILMN) announced today that it received approval of its plan to divest Grail from the European Commission (EC). In September 2020, Illumina announced an agreement to acquire Grail, a DNA sequencing and array-based tech developer. Grail itself was a startup that initially spun out from the company in 2016. Illumina completed the acquisition in August […]
Steris to sell dental segment for $787.5M
Steris (NYSE: STE) today announced it has entered into a definitive agreement to divest its dental segment to Peak Rock Capital for $787.5 million. The transaction will be structured as an equity sale. Terms of the agreement also include the opportunity for Steris to receive an additional earnout of up to $12.5 million, which is […]
Johnson & Johnson to acquire Shockwave Medical for $13.1B
Johnson & Johnson announced today that it agreed to acquire Shockwave Medical (Nasdaq:SWAV) for approximately $13.1 billion. Media reports previously linked Johnson & Johnson with interest in buying the intravascular lithotripsy (IVL) technology maker last year. Suggestions of interest in a deal resurfaced just weeks ago and now the companies have reached an agreement. Under […]
Carl Zeiss completes $1B ophthalmic company buy
Carl Zeiss Meditec announced today that it completed its $1 billion acquisition of D.O.R.C. (Dutch Ophthalmic Research Center). In December 2023, Carl Zeiss entered into an agreement to acquire 100% of the shares in D.O.R.C. The Germany-based company acquired DORC from the France-based investment firm Eurazeo, valuing the deal at €985 million (approximately $1.07 billion). […]
FTC wants more info on Boston Scientific, Axonics deal with closing timeline pushed back
Boston Scientific said today that the FTC requested additional information regarding its planned $3.7 billion acquisition of Axonics (Nasdaq:AXNX). In an SEC filing, Boston Scientific said both it and Axonics received requests from the FTC (U.S. Federal Trade Commission). The agency seeks to gather more information in connection with its review of the merger. Reports […]
Henry Schein completes TriMed majority interest acquisition, adds orthopedic extremities to portfolio
Henry Schein today announced it completed the acquisition of majority interest in TriMed. Melville, N.Y.-based Henry Schein announced the acquisition in December last year. The addition of TriMed strengthens Henry Schein’s extremities portfolio. Santa Clarita, California-based TriMed makes orthopedic devices for the lower extremities (foot and ankle) and upper extremities (hand and wrist). “With this […]
Karl Storz enters talks to acquire Asensus Surgical through letter of intent
Asensus Surgical (NYSE:ASXC) announced today that it entered into a non-binding letter of intent for Karl Storz to acquire it. The agreement enables Karl Storz to engage in diligence and negotiations over a potential acquisition of the surgical robot maker. Asensus and Karl Storz began a collaboration over surgical robotics just over a year ago […]
GE HealthCare closes MIM Software acquisition
GE HealthCare this week announced it closed its acquisition of MIM Software. The Chicago-based imaging company previously announced the buy in January. GE HealthCare funded the acquisition — for which financial terms were not disclosed — with cash on hand. MIM Software provides AI-based software for radiation oncology, molecular radiotherapy, diagnostic imaging and urology. The […]
Integra LifeSciences completes acquisition of J&J’s Acclarent
Integra LifeSciences announced that it completed its previously announced acquisition of Acclarent from Johnson & Johnson MedTech . Princeton, New Jersey-based Integra struck a deal with J&J to acquire Acclarent for $275 million upfront at the end of 2023. The deal also includes an additional $5 million upon the achievement of regulatory milestones. Acclarent, part […]