Stryker (NYSE:SYK) announced today that it has cleared all regulatory hurdles standing in the way of its planned $4.7 billion acquisition of Wright Medical (NSDQ:WMGI). The Kalamazoo, Mich.–based orthopedic device giant plans to complete the tender offer at its expiration, which is scheduled to take place at 5 p.m. Eastern time on Nov. 10, 2020. The news […]
Mergers & Acquisitions
Teladoc closes $18.5B Livongo buy
Teladoc (NYSE:TDOC) has closed its $18.5 billion purchase of Livongo Health (NSDQ:LVGO) ahead of schedule. The companies entered into a definitive merger agreement in August and closed the deal Oct. 30. Under the terms of the merger, Livongo shareholders will receive 0.5920 shares of Teladoc Health plus cash of $11.33 for each Livongo share, including a special […]
BREAKING: Stryker clears U.S. regulatory hurdle to buy Wright Medical
The Federal Trade Commission announced today that it plans to allow Stryker (NYSE:SYK) to proceed with its planned $4.7 billion acquisition of Wright Medical (NSDQ:WMGI), provided that Stryker divest certain assets to Colfax (NYSE:CFX)/DJO Global. Stryker had proposed selling assets to DJO Global about two months ago as a way to allay FTC concerns that the deal would […]
Resonetics acquires medical business of Hutchinson Technology
Resonetics announced today that it has acquired the medical business of Hutchinson Technology (HTI). Based in Hutchinson, Minn., HTI has developed a number of proprietary manufacturing processes to fabricate and assemble tight-tolerance metal components for devices used to seal vessels in many types of surgery, according to Resonetics. The company also has processes to chemically etch blades, create […]
Masimo to acquire Lidco for $40.1M
Masimo (NSDQ:MASI) today confirmed that it is set to acquire advanced hemodynamic monitoring device maker Lidco for approximately $40.1 million. Both companies’ boards confirmed in an announcement that they agreed on the terms of a recommended cash offer to be made by Masimo for the entire issued and to be issued share capital of Lidco, totaling […]
MedTech 100 roundup: Stocks continue to plummet
Stocks in the medtech industry hit a wall two weeks ago, and it’s been a quick drop for them ever since. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 91.01 (Oct. 30), marking a 6.4% drop from the 97.02 points registered at the end […]
DTW Podcast: Hear the future of AI, 3D, and Dx from Edwards, Stryker, Evercore, Checkable
In this week’s episode of DeviceTalks Weekly we review the Medical Design & Outsourcing’s Women in Medtech issue — bringing you insights through interviews with Katie Syzman, corporate VP and the GM of critical care at Edwards Lifesciences, Naomi Murray, Stryker’s director of advanced operations, and Patty Post, CEO of Startup Checkable Medical. Szyman […]
Medtronic wins FDA clearance for nerve monitoring system, acquires Ai Biomed
Medtronic (NYSE:MDT) announced today that it received FDA 510(k) clearance for its NIM Vital, and it’s acquired Ai Biomed. NIM Vital is an intraoperative nerve monitoring system designed to allow physicians to identify, confirm and monitor nerve function in an effort to reduce the risk of nerve damage during head and neck surgery, according to a […]
Exact Sciences to acquire Thrive for $2.15B
Exact Sciences (NSDQ:EXAS) announced today that it is acquiring cancer detection tech developer Thrive Earlier Detection for $2.15 billion. Under the agreement, Thrive will receive the total consideration of up to $2.15 billion, which includes $1.7 billion payable at closing, comprised of 65% of Exact Sciences common stock and 35% in cash, according to a […]
CB Insights reports digital health, global healthcare investment funding records
CB Insights reported record funding for global healthcare and digital health, among other milestones during the third quarter. Global healthcare investments to private companies hit a new quarterly record of $21.8 billion in the third quarter of this year, with a total of 1,539 equity investments in the three-month period growing 18% from the previous […]
MedTech 100 roundup: Industry continues its ascent
Stocks in the medtech industry maintained their upward trajectory, topping last week’s peak with yet another rise to new heights. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 95.66 (Oct. 16), marking a 0.6% gain from the 95.05 points registered at the end of […]
