Boston Scientific (NYSE:BSX) will appeal a court order requiring it to complete its $275 million purchase of Channel Medsystems. On Dec. 10. 2019, a Delaware chancery court judge ordered Boston Scientific to finish the merger. In a lawsuit filed in September 2018, Channel claimed that Boston Scientific spiked the deal over a former Channel employee’s scheme to […]
Shareholder sues to block Stryker’s $4B purchase of Wright Medical
A Wright Medical (NSDQ:WMGI) shareholder has filed a proposed class action lawsuit to block the company’s $4.08 billion acquisition by Stryker (NYSE:SYK). Shareholder John Thompson filed the lawsuit this week in federal court in Delaware against Wright Medical, its board of directors and Stryker, claiming that the solicitation statement that asks shareholders to approve the […]
Medline Industries acquires Médi-Sélect
Medline Canada today said it acquired Médi-Sélect for an all-cash transaction for an undisclosed amount. Médi-Sélect will stay as an independent division of Medline Canada throughout the rest of the year and will be headed by its current president Philippe Cantin. He will report to the president of Medline Canada Ernie Philip. “Médi-Sélect and Medline […]
Haemonetics buys hemostasis analyzer IP
Haemonetics (NYSE:HAE) announced today that it purchased the technology underlying the TEG 6s hemostasis analyzer system from CoraMed Technologies. Braintree, Mass.-based Haemonetics now owns the intellectual property it previously licensed from CoraMed for use in hospitals and hospital laboratories, and may pursue site-of-care opportunities beyond hospitals. TEG 6s includes an analyzer, disposable cartridges and software designed […]
RTI Surgical selling OEM business for $490m
RTI Surgical (NSDQ:RTIX) announced that it entered into a definitive agreement to sell its original equipment manufacturing (OEM) business to Montagu Private Equity in a deal worth $490 million. The deal, which is expected to close in the first half of 2020, includes $480 million in cash from United Kingdom-based Montagu to RTI Surgical, plus certain […]
Arthrosuface sold to Anika Therapeutics for $100m
Primo Medical Group announced that it completed the $100 million sale of spin-off company Arthrosurface to Anika Therapeutics (NSDQ:ANIK). Under the agreement, Anika is set to acquire all outstanding shares of Arthrosurface in exchange for $100 million in total, starting with an upfront payment of approximately $60 million in cash from Anika’s existing balance sheet. The […]
Masimo to acquire NantHealth’s connected care business
Masimo (NSDQ:MASI) will pay $47.25 million upfront to acquire the connected care business of Culver City, Calif.–based NantHealth (NSDQ: NH), the company said today. NantHealth’s connected care business provides medical device interoperability to hospitals and health systems, with products including DCX device connectivity (formerly known as DeviceConX), VCX patient vitals software (formerly known as VitalsConX), the […]
Medicrea looking for a buyer
Medicrea (EPA:ALMED) announced that it is engaged in active discussions with potential strategic partners in the U.S. spine industry as it seeks to execute an agreement resulting in a company takeover, partnerships or distribution agreements. The company said that leading U.S. groups have made regular approaches to share industry developments and review potential strategic partnerships around […]
Medtronic acquires Stimgenics
Medtronic (NYSE:MDT) yesterday said it acquired spinal cord stimulation company Stimgenics for an undisclosed amount. Stimgenics has developed a spinal cord stimulation waveform known as Differential Target Multiplexed Spinal Cord Stimulation. The therapy is delivered through Medtronic’s Intellis platform and is a chronic pain treatment option. “Stimgenics’s research is deeply rooted in clinical science that began […]
OrthoPediatrics sells off Vilex assets related to adults
OrthoPediatrics (NSDQ:KIDS) announced today that it completed the sale of substantially all of the assets related to the adult product offering of Vilex in Tennessee to Squadron Capital affiliate Vilex. The divestiture was completed on Dec. 31, 2019, after OrthoPediatrics reported its plan to divest the Vilex adult business when it acquired Vilex in Tennessee in […]
4 medical device industry trends affecting innovation
Major medical device companies are increasingly outsourcing their innovation. Here’s what that means. The medical device industry is increasingly relying on small, young companies to provide innovations, but the early-stage medtech companies are mostly relying on angel investors. It’s also more important than ever to protect intellectual property and mitigate exposure to litigation. Those were […]
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