Fresenius Medical Care announced today that it entered into an agreement to create a new company for providing kidney care. The agreement involves Fresenius Health Partners, Fresenius Medical Care North America’s value-based care division, entering into a combination with InterWell Health and Cricket Health. Both InterWell and Cricket represent U.S.-based kidney care providers, with Interwell […]
Mergers & Acquisitions
Glooko acquires Diabnext and its digital health platform for managing diabetes
Glooko announced today that it acquired Diabnext, a developer of a digital health platform for managing diabetes and connecting to healthcare providers. Paris-based Diabnext’s mobile app tracks diabetes data so that physicians can collaborate with their patients to monitor individual patient data and provide remote care. Financial details of the acquisition were not disclosed. Get the […]
Memic Innovative Surgery’s SPAC deal is off
Memic Innovative Surgery and the SPAC called MedTech Acquisition Corp. are calling off the merger that would have taken Memic public. The two companies said the decision was mutual — the result of market conditions and associated volatility due to recent world events. Memic is the developer of Hominis — the first FDA-approved, robotically assisted […]
LumiThera acquires electrophysiology device maker Diopsys
LumiThera today said it has completed its acquisition of Diopsys for an undisclosed amount. The acquisition of the Pine Brook, N.J.-based electrophysiology medical device maker Diopsys was previously announced on Nov. 11, 2021. Through the deal, Diopsys stockholders will also receive stock in LumiThera, and Diopsys will become a wholly-owned subsidiary of the Seattle-based company. […]
Stryker closes Vocera Communications acquisition
Stryker (NYSE:SYK) announced today that it has completed its Vocera Communications acquisition, a deal previously pegged at $3.1 billion. Vocera is a provider of digital care coordination and communication offerings, including the hands-free Vocera Smartbadge. “This acquisition provides significant opportunities to advance innovations and accelerate our digital aspirations,” Stryker CEO Kevin Lobo announced in a […]
ICU Medical beats The Street in Q4, posts full-year guidance
ICU Medical (NASDAQ:ICUI) shares rose today on fourth-quarter results that came in ahead of the consensus forecast. The San Clemente, California–based infusion therapy, oncology, and critical care tech company posted profits of $19.9 million, or 91¢ per share, on sales of $340.5 million for the three months ended Dec. 31, 2021, for a 23.8% bottom-line […]
Investors may have overreacted over Masimo
The Street appears to be reassessing its reaction to Masimo’s plans to spend $1.025 billion to acquire Viper Holdings, the parent company of Sound United. Masimo (NASDAQ:MASI) stock lost a third of its value the day after the patient monitoring tech company announced its acquisition plans this week. While MASI shares are still down more than […]
Masimo stock falls as The Street ponders $1B Sound United acquisition
Masimo (NSDQ:MASI) stock lost a third of its value the morning after the company said it would spend $1.025 billion to acquire Viper Holdings, the parent company of Sound United. Sound United is behind consumer tech brands making high-end sound and home theater systems, including Bowers & Wilkins, Denon, Polk Audio and Marantz. “We see […]
Boston Scientific completes $1.75B Baylis Medical acquisition
Boston Scientific (NYSE:BSX) announced today that it closed its acquisition of Baylis Medical for $1.75 billion upfront. On Oct. 6, 2021, Boston Scientific announced it had agreed to acquire the Canada-based company to expand its electrophysiology and structural heart product portfolios to include the radiofrequency (RF) NRG and VersaCross transseptal platforms, as well as a family […]
DePuy Synthes acquires CrossRoads Extremity Systems
Johnson & Johnson’s (NYSE:JNJ) DePuy Synthes announced that it acquired CrossRoads Extremity Systems. Tennessee-based CrossRoads Extremity Systems develops a range of procedure-specific, sterile-packed implants and instrumentation systems cleared for lower extremity indications. The company grew into a leader in the foot and ankle space with backing from HealthpointCapital. According to a news release, in acquiring […]
Moody’s warns of continued supply chain and labor problems for medtech
Moody’s warned investors that supply chain disruptions and healthcare worker shortages will continue to pressure medical product and device companies in 2022. The good news from the Moody’s Healthcare Quarterly report? The supply chain issues are manageable, with Moody’s estimating that transportation costs average less than 3% of revenue for most large, rated device companies, […]
