Santen Pharmaceutical (OTC:SNPHY) and Verily, an Alphabet (NSDQ:GOOGL) company, announced that they are entering into a joint venture to focus on applying microelectronics and scalable digital technologies to ophthalmology. Osaka, Japan-based Santen and San Francisco-based Verily say they want to improve eye health globally. According to a news release, the joint venture is slated to combine […]
Orthofix to acquire Fitbone limb lengthening system
Orthofix Medical (NSDQ:OFIX) announced that it completed an asset purchase agreement with Wittenstein SE to acquire the assets associated with the Fitbone limb lengthening system for $18 million. Lewisville, Texas–based Orthofix also acquired other potential applications of the technology, which are in preliminary development, including the Fitspine system for early-onset scoliosis. The agreement consists of $18 […]
Intelerad to be sold to Hg
Medtech software company Intelerad Medical Systems will be sold to a UK-based private equity firm that specializes in software and service businesses, according to its current owner, Novacap. The Canada-based private equity firm said it will sell Intelerad to Hg. The transaction is expected to close in the first quarter of 2020. Intelerad specializes in […]
Brainlab acquires VisionTree Software
Brainlab announced that it completed the acquisition of patient-centric data collection and health management company VisionTree Software. Munich, Germany–based Brainlab said the acquisition highlights the company’s commitment to taking a closer look at patient quality of life and condition post-treatment. San Diego–based VisionTree Software develops cloud-based data collection and health management solutions that Brainlab plans […]
Smith & Nephew buys Tusker Medical
Smith & Nephew (NYSE:SNN) today said it acquired Tusker Medical for an undisclosed amount. Tusker Medical develops the Tula System, which is an in-office ear tube delivery system to treat recurrent or persistent ear infections. The pediatric ear tubes won FDA breakthrough device designation in November last year. “The Tula System is a truly innovative option […]
3B Scientific acquires iSimulate
3B Scientific this week said it entered an agreement to acquire iSimulate for an undisclosed amount. Canberra, Australia-based iSimulate offers medical simulation training and clinical education technology. “iSimulate has revolutionized simulation training in healthcare through its creative simulation solutions including ALSi, REALITi, CTGi and AURiS,” 3B Scientific CEO Todd Murray said in a news release. […]
Boston Scientific to appeal order to finish failed $275M merger
Boston Scientific (NYSE:BSX) will appeal a court order requiring it to complete its $275 million purchase of Channel Medsystems. On Dec. 10. 2019, a Delaware chancery court judge ordered Boston Scientific to finish the merger. In a lawsuit filed in September 2018, Channel claimed that Boston Scientific spiked the deal over a former Channel employee’s scheme to […]
Shareholder sues to block Stryker’s $4B purchase of Wright Medical
A Wright Medical (NSDQ:WMGI) shareholder has filed a proposed class action lawsuit to block the company’s $4.08 billion acquisition by Stryker (NYSE:SYK). Shareholder John Thompson filed the lawsuit this week in federal court in Delaware against Wright Medical, its board of directors and Stryker, claiming that the solicitation statement that asks shareholders to approve the […]
Medline Industries acquires Médi-Sélect
Medline Canada today said it acquired Médi-Sélect for an all-cash transaction for an undisclosed amount. Médi-Sélect will stay as an independent division of Medline Canada throughout the rest of the year and will be headed by its current president Philippe Cantin. He will report to the president of Medline Canada Ernie Philip. “Médi-Sélect and Medline […]
Haemonetics buys hemostasis analyzer IP
Haemonetics (NYSE:HAE) announced today that it purchased the technology underlying the TEG 6s hemostasis analyzer system from CoraMed Technologies. Braintree, Mass.-based Haemonetics now owns the intellectual property it previously licensed from CoraMed for use in hospitals and hospital laboratories, and may pursue site-of-care opportunities beyond hospitals. TEG 6s includes an analyzer, disposable cartridges and software designed […]
RTI Surgical selling OEM business for $490m
RTI Surgical (NSDQ:RTIX) announced that it entered into a definitive agreement to sell its original equipment manufacturing (OEM) business to Montagu Private Equity in a deal worth $490 million. The deal, which is expected to close in the first half of 2020, includes $480 million in cash from United Kingdom-based Montagu to RTI Surgical, plus certain […]
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