Olympus (TYO:7733) recently announced that it has signed a definitive agreement to acquire Arc Medical Design for an undisclosed amount. Through the agreement, Olympus will acquire the company and obtain full rights to its suite of innovative medical products. It will convert its exclusive distribution rights of Endocuff Vision to a full acquisition of the product […]
CooperVision acquires GP Specialists
CooperVision (NYSE:COO) announced that it acquired customized orthokeratology contact lens manufacturer and distributor GP Specialists for an undisclosed amount. San Ramon, Calif.-based CooperVision said in a news release that the acquisition expands its specialty eye care business and its leadership in addressing myopia. GP Specialists’ portfolio of ortho-k lenses include the iSee design and the OK-GOV […]
MedTech 100 roundup: Another high as stocks tick up
For the third consecutive week, stocks in the medtech industry reached heights not yet seen since the COVID-19 pandemic began. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 89.65 points at the end of last week (Aug. 7). Overall, medtech stocks saw a 0.72% increase from […]
Teladoc to acquire Livongo for $18.5B
Teladoc (NYSE:TDOC) announced today that it entered into a definitive merger agreement with Livongo Health (NSDQ:LVGO) worth $18.5 billion. Purchase, N.Y.-based Teladoc and Mountain View, Calif.-based Livongo are setting out to improve the delivery, access and experience of healthcare around the world by offering high-quality, technology-enabled longitudinal care, according to a news release. Under the agreement, […]
Siemens Healthineers to buy Varian for $16.4b
Siemens Healthineers (ETR: SHL) will acquire Varian Medical Systems (NYSE:VAR) in a $16.4 billion deal to create what the companies say will be the most comprehensive cancer care portfolio in the industry. SHL shares closed down –8.95% to €40.02 apiece in trading in Germany today, while VAR shares are up 21.61% to $173.57 apiece as of midday NYSE […]
How is COVID-19 affecting medtech deals?
Fewer medical device companies are securing their first big venture capital investments — or engaging in large mergers — amid the COVID-19 pandemic, according to recently released reports from Silicon Valley Bank and PwC. The medical device industry saw 38 Series A investments worth $279 million during the first half of 2020, down from 45 […]
Haemonetics to sell Inlog Holdings France subsidiary
Haemonetics (NYSE:HAE) announced today that it entered into an agreement to sell its wholly-owned subsidiary Inlog Holdings France SAS to Abénex. France-based Abénex, a fully independent private equity firm, will take on the Haemonetics subsidiary which develops and sells blood bank and hospital software solutions, predominantly in France and in other countries outside the U.S. Boston-based […]
MedTech 100 roundup: Industry hits pandemic peak
After five months since medtech stocks peaked before the COVID-19 pandemic rocked the markets, the industry inched back toward that pre-pandemic high. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 88.9 points at the end of last week (July 17). That total represents just a -3.7% […]
Terumo acquires Quirem Medical for up to $45m
Terumo (OTC:TRUMY;TYO:4543) announced this week that it has completed the acquisition of Netherlands-based startup Quirem Medical, which is developing microspheres for selective internal radiation therapy (SIRT), a treatment for liver tumors. Under the terms of the agreement, Terumo acquired 80.1% of the shares of Quirem Medical. This is over and above its current share position of 19.9%, […]
Thermo Fisher boosts offer for Qiagen
Thermo Fisher Scientific (NYSE:TMO) has boosted its per-share offer price for Qiagen (NYSE:QGEN) after some shareholders reportedly balked at the original offer for the sample and assay tech company. Thermo Fisher Scientific is now offering €43 per QGEN share, up from the previous €39 per share offer, at the same time that the companies have agreed to […]
Medtronic acquires Medicrea and its spinal surgery tech
Medtronic (NYSE:MDT) today said it acquired France-based spinal surgery technology company Medicrea. Through the deal, Medtronic is buying for a tender offer price of €7.00 (nearly $7.84) per share for a premium of 22% over the closing price of shares on July 14, 33% over the one-month value-weighted average price and 56% over the three-month volume-weighted […]
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