Restor3d announced today that it completed its previously announced acquisition of Conformis (Nasdaq:CFMS). The companies completed the deal, announced in June, after Conformis’ stockholders approved it at a special meeting on Aug. 31. As a result, shares of Conformis common stock ceased trading on the Nasdaq prior to market open today, Sept. 5. Per the […]
Mergers & Acquisitions
Globus Medical, NuVasive complete merger
Globus Medical and Nuvasive today announced the completion of their previously announced merger. The news sent GMED shares down more than 1% to $53.30 apiece by midday today, while MassDevice‘s MedTech 100 Index was up slightly. Truist analysts cited investor fears over the deal causing near-term business disruptions. Globus Medical officials plan to discuss the […]
Sanuwave to go public in $127.5M SPAC merger
Wound care company Sanuwave Health announced that it entered into a business combination agreement with SEP Acquisition Corp. The merger with SEP, a special purpose acquisition company (SPAC), aims to create a Nasdaq-listed company. Upon the transaction’s completion, the combined company expects to operate under the Sanuwave name and the “SNWV” ticker. The proposed transaction […]
Johnson & Johnson finalizes Kenvue spilt-off
Johnson & Johnson announced today that it completed the separation of its Kenvue consumer health business. Kenvue completed its IPO in May 2023. Johnson & Johnson last month announced its intention to split off at least 80.1% of the shares of Kenvue. The separation enables the company to sharpen its focus on its MedTech and […]
TransMedics completes Summit Aviation acquisition
TransMedics (Nasdaq:TMDX) announced that it completed its previously announced acquisition of Summit Aviation. Andover, Massachusetts-based TransMedics initially announced its plans to acquire the U.S. charter flight operator on Aug. 1. It did not disclose financial terms at the time. With the closing of the deal, Summit founder Ben Walton joins the company as VP of […]
ReWalk Robotics to acquire anti-gravity tech provider AlterG for $19M
ReWalk Robotics (Nasdaq:RWLK) announced that it executed an agreement to acquire AlterG, an anti-gravity system provider. The deal includes a purchase price of approximately $19 million at closing. ReWalk expects to close the deal on Aug. 11, with closing contingent upon the satisfaction of customary closing conditions. Additional cash earnouts may be paid based upon […]
Weight loss balloon maker Allurion goes public on NYSE through SPAC merger
Allurion Technologies announced that it completed a SPAC merger and began trading on the New York Stock Exchange. Natick, Massachusetts-based Allurion went public on Aug. 2 under the ALUR ticker. The business combination took place with Compute Health Acquisition Corp, a special purpose acquisition company (SPAC). Allurion develops an artificial intelligence-powered weight loss program. Its program […]
Henry Schein to buy Shield Healthcare in homecare products play
Henry Schein announced today that it will acquire a majority stake in homecare medical products supplier Shield Healthcare. Henry Schein officials see the move as bolstering the company’s commitment to facilitating a continuum-of-care delivery model. Shield Healthcare (Valencia, California) operates in the homecare medical supplies space, posting net sales of around $180 million in 2022. […]
Steris completes acquisition of surgical instrumentation assets from BD
Steris (NYSE:STE) announced today that it completed its acquisition of surgical instrumentation assets from BD . The companies announced in June that they agreed on a deal for the assets worth $540 million. BD’s divestiture includes V. Mueller, Snowden-Pencer and Genesis branded products. BD reports its surgical instrumentation platform as part of its Surgery unit […]
Cooper Companies abandons $875M Cook Medical Reproductive Health business acquisition
The FTC issued a statement announcing that it learned that the Cooper Companies terminated its planned acquisition of a Cook Medical business. In February 2022, Cook Medical signed a letter of intent to sell its Reproductive Health business to CooperCompanies. The deal totaled $875 million. Cooper agreed to pay $675 million at closing and the […]
Augmedics to acquire digital health assets from Surgalign auction
Augmedics announced today that it successfully bid for the digital health assets of Surgalign and Holo Surgical following an auction. Surgalign conducted the court-supervised marketing and sale process following its Chapter 11 bankruptcy filing in June. It conducted the auction process in accordance with bidding procedures approved by the U.S. Bankruptcy Court for the Southern […]