Enovis (NYSE:ENOV) announced today that it acquired orthopedic surgical guidance company Insight Medical Systems. Wilmington, Delaware-based Enovis — the parent company of DJO Global — did not disclose financial terms for the acquisition of Insight, which develops its flagship Arvis FDA-cleared augmented reality platform for hip and knee replacement surgery. In March 2021, DJO as […]
Mergers & Acquisitions
Orchestra BioMed to go public, partner with Medtronic on cardiac neuromodulation therapy
Orchestra BioMed today announced a slew of agreements, including a strategic collaboration with Medtronic (NYSE:MDT) and a SPAC deal to take the company public. The global strategic collaboration will progress the development of Orchestra BioMed’s BackBeat Cardiac Neuromodulation Therapy (CNT) as a potential treatment for hypertension in patients indicated for a cardiac pacemaker. Additionally, Orchestra […]
Acutus completes first closing in left-heart access portfolio sale to Medtronic
Acutus Medical (Nasdaq:AFIB) announced today that it completed the first of two closings in its portfolio sale to Medtronic (NYSE:MDT). Carlsbad, California–based Acutus announced in April that it entered into a definitive agreement to sell its left-heart access portfolio to Medtronic for $50 million. The company’s left-heart access portfolio includes its AcQCross line of sheath-compatible septal […]
Bioventus restructures $315M CartiHeal acquisition
Bioventus (Nasdaq:BVS) amended the agreement for its pending acquisition of CartiHeal to defer a large chunk of payments. Durham, North Carolina-based Bioventus announced in April that it agreed to acquire the orthopedic implant maker in a deal worth at least $315 million. An amendment to the acquisition agreement reduces the closing payment to $50 million […]
Boston Scientific to acquire majority stake in M.I. Tech
Boston Scientific (NYSE:BSX) announced today that it agreed with Synergy Innovation to purchase its majority stake in M.I. Tech. Marlborough, Massachusetts-based Boston Scientific will acquire a stake totaling approximately 64% in the publicly traded, Korea-based manufacturer and distributor of medical devices for endoscopic and urologic procedures. According to a news release, M.I. Tech created the […]
ResMed to acquire out-of-hospital software developer Medifox Dan for $1B
ResMed (NYSE:RMD) announced today that it agreed to acquire German software company Medifox Dan in a deal worth $1 billion. Hildesheim, Germany-based Medifox Dan develops clinical, financial and operational software solutions for out-of-hospital care providers. Its offerings include care documentation, personnel planning, administration, billing and more. According to a news release, Medifox Dan’s solutions are […]
OrthoPediatrics buys Pega Medical for up to $33M
OrthoPediatrics announced today that it has agreed to acquire Pega Medical and its Fassier-Duval Telescopic Intramedullary System for osteogenesis imperfecta and other bone deformities. “Similar to OrthoPediatrics, the Pega organization has been focused exclusively on addressing unmet needs for children whose lives have been impacted by musculoskeletal disorders and diseases. Their product offerings include novel […]
Conmed completes $145M In2Bones acquisition
Conmed (NYSE:CNMD) announced today that it completed its previously announced acquisition of In2Bones Global. Largo, Florida–based Conmed announced last month that it intended to acquire upper extremities device maker In2Bones Global for $145 million. The $145 million figure was floated for the closing of the acquisition, with up to an additional $110 million in growth-based […]
Oracle closes Cerner acqisition
Oracle Corp. (NYSE: ORCL) has closed on its previously announced $28.3 billion acquisition of Cerner as it seeks to transform the electronic health records experience. The software giant announced on June 7 that the majority of Cerner shares had been validly tendered. The deal closed yesterday. Cerner is a significant provider of digital information systems […]
Henry Schein to acquire Condor Dental
Henry Schein (Nasdaq:HSIC) announced today that it signed a definitive agreement to acquire Condor Dental Research Company. Vouvry, Switzerland-based Condor Dental, a privately held dental distribution company, serves dental general practitioners, specialists and laboratories. Melville, New York-based Henry Schein has served the Swiss dental implant market through Camlog Biotechnologies GmbH, a member of the Global […]
BD to purchase pharmacy automation firm Parata Systems
BD (Becton, Dickinson and Company) (NYSE:BDX) has partnered with the private equity firm Frazier Healthcare Partners to acquire Parata Systems, a provider of pharmacy automation solutions. The purchase price of the acquisition is $1.525 billion. Founded in 2006, Parata Systems offers a range of products and services, including medication adherence packaging technology and perpetual inventory […]
