Radnor, Pa.-based Airgas Inc.’s violations included the company’s failure to adequately expand an investigation of a contaminated nitrogen cylinder and filling batches of medical gas products without completing production records, according to the the watchdog agency’s letter.
Mergers & Acquisitions
Leveraged buyout company The Riverside Co. purchased an Indiana-based maker of orthodontics equipment.
A statement from Riverside didn’t reveal the purchase price for Franklin-based G&H Wire Co. G&H sells springs, wires, bonding products and other orthodontics equipment. The company operates out of a single facility that’s used for production and distribution, as well as a corporate office.
Endologix Inc. (NSDQ:ELGX) closed its acquisition of Palo Alto, Calif.-based Nellix.
The all-stock deal, which Endologix announced Oct. 27, expands its aortic disorder treatment devices. The Irvine, Calif.-based company said the merger is designed to increase its share of the aortic repair market.
Several private equity firms are weighing a buyout of medical device and diagnostics maker Beckman Coulter Inc. (NYSE:BEC), according to news reports.
The Waltham, Mass.-based lab instruments maker plans to pay about $2.1 billion in cash for Dionex, or $118.50 per share, a 21 percent premium over DNEX’s last closing price of $98.16.
Beckman Coulter Inc. (NYSE:BEC) is up for sale for as much as $5 billion, according to the Wall Street Journal.
Caliper Life Sciences Inc. (NSDQ:CALP) agreed to buy Woburn, Mass.-based Cambridge Research & Instrumentation Inc.
The $20 million deal will see Caliper acquire all of CRi’s outstanding equity securities in exchange for common stock valued at about $10.5 million and $7.5 million in cash plus the assumption of $2 million in debt.
NaviNet Inc. plans to expand its healthcare IT products with the buyout of mobile healthcare service provider Prematics Inc.
The Cambridge, Mass.-based healthcare communications company said the acquisition of Prematics will enable it to offer its patient information management system to healthcare provider’s handheld devices.
Small Bone Innovations Inc. sold its shoulder-related assets to French orthopedics firm Fx Solutions for an undisclosed amount.
The New York-based company said it plans to focus on arthroplasty and trauma reconstruction technology and treatments for the small bones & joints. Proceeds from the sale are earmarked for streamlining “product management efforts and accelerate product introductions and launches” — especially its Star total ankle replacement, according to a press release. SBi will also “dedicate additional resources to fund clinical studies of key products,” according to the release.
The Bangalore, India-based medical device developer acquired Cardiac Science in two steps: An all-cash tender offer for $2.30 per share, under which it bought a 77 percent stake; and a short-form merger by which it snapped up enough of the remaining shares to forego stockholders’ formal approval under Delaware law.