Steris (NYSE: STE) aims to boost its portfolio of hospital consumables and operating room products with a $2.1 billion deal to acquire Xodus Medical. The Pennsylvania-based Xodus provides a variety of products for patient positioning during surgery, including the Pink Pad cushioning systems designed to reduce the risk of pressure injuries, in addition to bed […]
Mergers & Acquisitions
Stryker dives into soft-tissue robotics with $400M play for CMR Surgical’s Versius
Stryker (NYSE: SYK) is diving into soft-tissue robotics with a $400 million investment in CMR Surgical, netting exclusive rights to sell its Versius platform in the U.S. and pocketing an option to acquire the company in the future. The alliance comes shortly after Medtronic agreed to put $700 million into Cornerstone Robotics and its Sentire […]
iRhythm completes acquisition of VitalConnect
iRhythm (Nasdaq: IRTC) announced this week that it has completed its $287.5 million acquisition of cardiac monitoring tech company VitalConnect. In a news release posted yesterday, iRhythm CEO Quentin Blackford described the deal close as an important milestone as the San Francisco–based company evolves past being a wearable heart patch monitor company to providing a […]
Wandercraft acquires exoskeleton rival Ekso Bionics
Wandercraft has acquired fellow exoskeleton maker Ekso Bionics, with the goal of forming an international robotic mobility player. The companies say Ekso’s U.S. commercial presence will bolster Wandercraft’s footprints in Europe, the Middle East and Africa. The deal’s financial terms were not disclosed. Their respective EksoNR and Atalante X systems are currently deployed at more […]
GE HealthCare to buy Sofie Biosciences in $945M radiopharmaceutical play
GE HealthCare (Nasdaq: GEHC) aims to bolster its radiopharmaceutical supply chain with a $945 million cash deal to buy Sofie Biosciences and its U.S. network of manufacturing sites. The goal is to obtain last-mile logistics for radioactive imaging agents that have a short half-life and need to be produced as close to patients as possible. […]
Terumo to buy Arsenal Medical and its liquid embolic brain bleed system
Terumo has inked a deal for its neurovascular subsidiary to acquire Arsenal Medical and its liquid embolic approach for treating certain brain bleeds. Arsenal’s investigational NeoCast is being developed for chronic and subacute subdural hematoma, through the blocking of the brain’s middle meningeal artery, or MMA. Terumo Neuro describes the solvent-free, non-adhesive biomaterial as a […]
Johnson & Johnson drops LAA assets following suspended pivotal study
Johnson & Johnson MedTech (NYSE:JNJ) is offloading a left-atrial appendage closure system it paid $400 million upfront for nearly three years ago, abandoning plans to compete in the space dominated by Boston Scientific and Abbott. Acquired through its late-2023 buy of the developer Laminar, J&J’s Biosense Webster then backed a pivotal study that sought to […]
Johnson & Johnson MedTech reportedly could sell DePuy Synthes to Apollo
Johnson & Johnson MedTech (NYSE: JNJ) is in talks with Apollo Global Management to sell all or part of its DePuy Synthes orthopedics business, according to media reports citing anonymous sources. A Bloomberg report said discussions involved the orthopedics unit, while The Wall Street Journal specifically mentioned the hips and knees business. The deal would […]
Enovis to acquire eCential Robotics for €155 million, plans to bring surgical robot to market
Enovis (NYSE: ENOV) has entered into a binding offer to acquire surgical robotics technology developer eCential Robotics for €155 million ($175 million), with up to €35 million ($41 million) in milestone payments, the company announced today. The transaction is expected to close by the end of 2026, subject to regulatory approvals. The move would launch […]
J&J MedTech is rebranding Shockwave Medical
Johnson & Johnson plans to rebrand Shockwave Medical on Oct. 1, the device and drug developer said. “Shockwave Medical will be rebranded to Johnson & Johnson MedTech, and our technologies will be known as circulatory restoration solutions,” Shockwave said on LinkedIn today. “Although our name and color may be changing, our commitment to cardiovascular innovation […]
Stryker to acquire ZuriMed to boost shoulder offerings
Stryker (NYSE:SYK) will acquire privately held ZuriMed and its FiberLocker system for rotator cuff augmentation, the ortho and surgical tech giant said after market close today. The FiberLock instrument uses a reciprocating needle to push implant fibers into the underlying soft tissue, securing the patch across the entire patch–tendon interface. The result, according to ZuriMed’s […]
