Kinetic Concepts is selling its Therapeutic Support Systems business to Getinge AB for $275 million, as the company looks to focus on its core wound care business.
Mergers & Acquisitions
ConMed lays out $23M for Viking Systems
Teleflex to drop $276 million on mask maker LMA
Teleflex (NYSE:TFX) said it agreed to pony up about $276 million in cash for laryngeal mask maker LMA International.
The deal calls for the Limerick, Pa.-based medical device company to shell out S$343.5 million for Singapore-based LMA, according to a press release.
LMA posted sales of $123.9 million last year, Teleflex said.
Acquisition: CardioNet nabs cardiac testing lab for $23.5M
HeartWare closes $8M World Heart buyout
Layoffs: Hologic confirms cuts following $3.7B Gen-Probe merger
Hologic closes $4B Gen-Probe buyout | Wall Street Beat
Acquisition: Hill-Rom bolsters surgical footprint with $400M buyout of Aspen Surgical
Hill-Rom Holdings (NYSE:HRC) closed a $400 million acquisition of Michigan-based Aspen Surgical Products, the companies announced yesterday.
The merger bolsters Hill-Rom’s footprint in surgical devices with Aspen’s safety scalpels and blades, fluid collection products, specialty needs and other operating room disposables and instruments.
Buyout: Terumo aims to merge with a post-scandal Olympus Corp.
Asian medical device giant Terumo Corp. (TYO:4543) confirmed rumors of a proposed buyout of Olympus (PINK:OCPNY) in the aftermath of a $1.7 billion accounting scandal.
Venture capital: Medical device “Big Exits” on the rise | Wall Street Beat
Venture-backed M&A activity in 2011 was higher than any other year since 2005, according to a new report tracking trends in lifesciences.
The medical device industry in 2011 had 18 "Big Exits," defined as venture-backed acquisitions where the up-front payment totaled $75 million or more.