McKesson (NYSE:MCK) agreed to pay $29 per share for PSS World Medical (NSDQ:PSSI) and its medical supplies business in a deal worth $2.1 billion.
Mergers & Acquisitions
Teleflex closes $276M LMA buyout | Wall Street Beat
Steris buys surgical instrument repair duo for $110M
Healthcare giant Steris (NYSE:STE) acquired surgical instrument repair businesses Spectrum Surgical Instruments Corp. and Total Repair Express for total of about $110 million.
The acquisitions are part of Steris’s efforts to its healthcare segment and provide niche services to customers, according to a company statement.
Helix Medical acquires MedVenture Technology
Massachusetts-based global medical device maker Helix Medical enhanced its product portfolio with the acquisition of Kentucky device manufacturer MedVenture Technology Corp., which makes surgical and catheter-based devices for medical device companies.
Helix Medical bought MedVenture from Ampersand Capital Partners, a Boston-based private equity firm with a focus on middle market growth equity investments in the healthcare sector, according to the press release. The financial terms of the deal weren’t released to the public.
St. Jude Medical-backed Nanostim drums up $10M | Wall Street Beat
Nanostim, the Sunnyvale, Calif.-based company that’s developing a leadless pacemaker, raised $10 million in an equity and options deal, according to a regulatory filing.
Stryker nabs Israeli stent maker for $135M
Edwards Lifesciences closes $42M buyout of Dutch hemo monitoring company
Edwards Lifesciences (NYSE:EW) won some Wall Street love after it closed the books on a $42 million buyout of privately held Dutch hemodynamic monitoring technology company BMEYE B.V.
AngioDynamics slides hard on Street-beating quarter, earnings-lowering acquisition
AngioDynamics (NSDQ:ANGO) shares took a dive as the company released its 1st quarter earnings report, announced an acquisition worth at least $55 million over the next 5 years and disclosed a shareholder class action lawsuit filed late last month.
Mergers & acquisitions: CareFusion hits the BRICs with buyout of Brazil’s Intermed
CareFusion (NYSE:CFN) said it plans to acquire Intermed Equipamento Medico Hospitalar, a Brazilian medical device company, for an undisclosed amount.
Sao Paulo-based Intermed makes ventilators and respirators for the hospital market in Latin America and Brazil.
Boston Scientific to pay up to $265M for Rhythmia Medical
Boston Scientific (NYSE:BSX) said it’s agreed to pony up $90 million in cash and perhaps another $175 million to acquire Rhythmia Medical and its heart-mapping technology.
Irish merger brings together Creganna-Tactx and ABT Medical
Ireland-based Creganna-Tactx Medical continued to vie for its seat among top minimally invasive device makers with the acquisition of Irish compatriot ABT Medical for an undisclosed amount.
ABT’s portfolio of medical balloons includes a the longest commercially available balloon components in the industry, up to and beyond 300 mm in length, according to a press release.