Swedish medtech company Getinge announced today that it will pay SEK 170 million ($16 million) to acquire Ultra Clean Systems and its ultrasonic cleaning tech. Getinge has already been the exclusive North American distributor of Tampa, Florida–based Ultra Clean Systems’ offerings for nearly a decade. Health providers use ultrasonic cleaning tech in hospitals and surgery […]
Mergers & Acquisitions
HeartBeam acquires patient monitoring assets from Livmor
HeartBeam (Nasdaq:BEAT) announced today that it acquired substantially all assets from Livmor, which develops remote monitoring technology. Livmor, a digital health solutions company, provides a patient-engaging remote monitoring system for critical physiological biomarkers. HeartBeam said in a news release that the acquisition extends its reach in remote monitoring and detection. It now has full ownership […]
Vivasure wins FDA IDE approval, receives €30M from Haemonetics
Vivasure Medical announced today that it received FDA investigational device exemption (IDE) to advance a clinical study of its PerQseal device. Additionally, Galway, Ireland-based Vivasure announced a €30 million ($32.2 million) investment from Haemonetics. It marks part of the company’s Series D financing, for which the initial $23 million tranche closed in May 2022. The […]
Bigfoot Biomedical takes next steps for its holistic diabetes management platform
After executing a significant IP sale, Bigfoot Biomedical looks to double down on its diabetes management platform. Less than two years ago, Bigfoot Biomedical launched its Bigfoot Unity platform in some U.S. states. CEO Jeffrey Brewer last year called it a “transformational attempt” to simplify CGMs and the data they produce. It features a smart insulin pen cap, […]
Surgalign sells Coflex, Cofix product lines for $17M
Surgalign (Nasdaq:SRGA) announced an agreement for Xtant Medical (NYSE:XTNT) to acquire two of its product lines for $17 million. On Feb. 28, the two companies entered into a definitive agreement whereby Xtant acquired the Coflex and Cofix product lines from Surgalign. They subsequently closed on the deal for a total consideration of $17 million. Surgalign […]
Olympus acquires GI stent maker Taewoong Medical for $370M
Olympus announced that it agreed to acquire Korea-based Taewoong Medical, a maker of medical devices, including stents, for $370 million. Taewoong Medical manufactures devices including gastrointestinal (GI) metallic stents. Olympus intends to use the acquisition to strengthen its GI endotherapy portfolio capabilities. According to a news release, Olympus plans to pay approximately $370 million in […]
Insulet acquires assets of Automated Glucose Control for $25M
Insulet (Nasdaq:PODD) announced today that it acquired the assets of Automated Glucose Control, a developer of insulin delivery technology. This marks the second asset buy in as many days for Insulet. Yesterday, the company picked up automated insulin delivery patents from Bigfoot Biomedical. Both acquisitions cost the company $25 million. Palo Alto, California-based Automated Glucose Control […]
Insulet acquires insulin pump patents from Bigfoot Biomedical for $25M
Insulet (Nasdaq:PODD) announced today that it acquired assets related to Bigfoot Biomedical’s pump-based automated insulin delivery technologies. Acton, Massachusetts-based Insulet paid $25 million to acquire the AID assets. These include certain Bigfoot patents related to pumps that may be used for AID therapy. Insulet already develops its own AID technology with its Omnipod platform. The […]
Baxter to reduce costs, cut workforce by less than 5%
Baxter (NYSE:BAX) shares took a hit today as mixed fourth-quarter results included plans for restructuring and workforce reductions. Shares of BAX dipped 11.4% at $40.48 apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 12.2%. The company’s quarterly results included an update […]
GE HealthCare to acquire Caption Health and its AI-powered image guidance tech
GE HealthCare (Nasdaq:GEHC) announced today that it signed an agreement to acquire AI healthcare technology developer Caption Health. The companies declined to disclose the financial terms of the deal. Caption Health creates clinical applications to aid in early disease detection. The company’s technology uses artificial intelligence (AI) to assist in conducting ultrasound scans. This technology […]
Globus Medical, NuVasive to merge to form global musculoskeletal company
Globus Medical (NYSE:GMED) and NuVasive (Nasdaq:NUVA) today announced an agreement to combine in an all-stock transaction. The deal values NuVasive at $3.1 billion, with Globus shareholders owning roughly three-fourths of the newly merged company. BTIG analysts raised the question of potential anti-trust challenges for the deal, which would create the second-largest spine tech company behind […]
