Boston Scientific (NYSE: BSX) announced today that it will purchase Ajax Health’s Cortex and its FDA-cleared OptiMap system to guide physicians performing ablation procedures to treat AFib Financial terms of the deal were not disclosed. Boston Scientific expects to complete the transaction in the first half of 2025, subject to customary closing conditions. “We believe […]
Mergers & Acquisitions
Merit Medical completes acquisition of Cook Medical’s lead management portfolio
Merit Medical Systems (Nasdaq:MMSI) announced today that it completed its acquisition of Cook Medical’s lead management portfolio. South Jordan, Utah–based Merit announced its agreement to buy the portfolio for $210 million in September. Merit funded the acquisition through a combination of cash on hand and borrowings under a long-term credit facility. The Cook lead management […]
Boston Scientific still expects Axonics deal to close this year, posts Street-beating Q3
Boston Scientific today reported third-quarter results that came in ahead of the consensus forecast, raising its 2024 guidance again. The company’s CEO also said on its third-quarter earnings call that Boston Scientific expects to close its acquisition of Axonics in the fourth quarter of this year. “We’re excited to add this excellent business into Boston […]
Stryker’s M&A offensive: Andy Pierce discusses some of the devicemaker’s biggest deals — and a few seen as ‘head-scratchers’
When longtime Stryker CEO John Brown was preparing for the company’s 1979 initial public offering, he set a goal of 20% annual growth every single year. “We did that under John’s leadership for a good 20, 25 years,” Andy Pierce, a 29-year Stryker veteran who’s now president of the MedSurg and Neurotechnology groups, said at […]
Zoll completes Vyaire ventilator product line acquisition
Zoll this week announced it completed the previously announced acquisition of certain assets of Vyaire Medical’s ventilator business. The two companies announced the deal in August following Vyaire’s Chapter 11 bankruptcy proceedings. Now that the acquisition is complete, Zoll will sell Vyaire’s Bellavista, Fabian, LTV and 3100 HFOV product lines alongside its other respiratory care […]
Hologic to acquire Gynesonics in $350M deal
Hologic this week announced it signed a definitive agreement to acquire Gynesonics for approximately $350 million. Gynesonics develops and sells the Sonata System, a diagnostic intrauterine imaging and transcervical treatment system for symptomatic uterine fibroids. The company designed the system to combine real-time intrauterine ultrasound guidance with targeted radiofrequency ablation in a minimally invasive procedure. […]
Johnson & Johnson completes $1.7B V-Wave acquisition
Johnson & Johnson announced today that it completed the previously announced acquisition of V-Wave. New Brunswick, New Jersey-based Johnson & Johnson announced in August that it that it agreed to acquire the interatrial shunt maker for up to $1.7 billion. J&J’s relationship with V-Wave also dates back to an initial investment in the company in […]
GE HealthCare closes purchase of Intelligent Ultrasound’s clinical AI business
Intelligent Ultrasound Group announced today that it completed the sale of its clinical AI business to GE HealthCare . This business offers integrated, AI-driven image analysis tools designed to make ultrasound smarter and more efficient. The transaction excludes Intelligent Ultrasound’s NeedleTrainer products and its simulation business. GE HealthCare said in July that it agreed to […]
Stryker completes acquisition of Vertos Medical
Stryker announced today that it completed its acquisition of pain management solution developer Vertos Medical. Portage, Michigan–based Stryker said in August that it agreed to purchase the privately held company for an undisclosed amount. It marked the second acquisition announced by Stryker in August alone. The orthopedic giant continues to make M&A moves across multiple […]
The top 10 urology device stories of 2024 so far
Urology Week 2024, which closes out The Urology Foundation’s Urology Awareness Month, is a good time to highlight the innovations in this space. This week (Sept. 23-29), is an initiative of the European Association of Urology that brings together national urological societies, urology practitioners, urology nurses, patients and their families, and politicians to create awareness of urological […]
Stryker acquires tumor, stroke care company Nico Corporation
Stryker announced today that it completed the acquisition of Nico Corporation, a neurotechnology company. Financial terms of the deal were not disclosed. This marks the second acquisition completed this week by Stryker, following the closing of its Care.ai acquisition on Sept. 18. Nico offers a systemic approach to minimally invasive surgery for tumor and intracerebral […]