Analogic this week escaped a class action lawsuit brought over its $1.1 billion go-private sale to Altaris Capital when a Massachusetts federal judge dismissed the case with prejudice. The $84-per-share deal for Peabody, Mass.-based Analogic, which closed in June 2018, followed an internal review in which the company contacted approximately 75 potential financial and strategic […]
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AngioDynamics puts up $66m for Eximo Medical, cuts outlook
AngioDynamics (NSDQ:ANGO) said today that put up $66 million for Eximo Medical and its B-Laser peripheral atherectomy device and cut its fiscal 2020 earnings outlook to allow for the cost of launching the Eximo product. Latham, N.Y-based AngioDynamics said the deal for Eximo involved $46 million in up-front cash and another $20 million in technical and […]
4C Medical pulls in $8m
4C Medical Technologies secured more than $8 million in an equity offering it hopes will reach the $20 million mark. The Maple Grove, Minn.-based company raised nearly $8.2 million in the offering, with $11.8 million remaining to be sold, according to an SEC Form D filed today. Forty-five unnamed investors have contributed to the offering. […]
Siemens Healthineers absorbs healthcare consultancy ECG
ECG Management Consultants said this week that it was joining Siemens Healthineers as a stand-alone unit in an effort to improve healthcare delivery and enhance client relationships. Siemens Healthineers will acquire a majority stake in ECG, with the transaction expected to close in the fourth calendar quarter of 2019, subject to regulatory approvals. ECG said […]
AI-powered radiology model diagnoses pneumonia in 10 seconds
Intermountain Healthcare and Stanford University researchers developed an AI system that can detect pneumonia in chest X-rays in about 10 seconds. CheXpert, developed by researchers at Stanford University, is an automated chest X-ray interpretation model that uses artificial intelligence to analyze X-ray images take in emergency departments. A study found that the AI system could […]
LifeScan inks deal to broker institutional sales for OneTouch Reveal Plus
LifeScan said yesterday that it entered into an agreement with Willis Towers Watson to expand the commercialization of its OneTouch Reveal Plus digital diabetes therapy system. The companies hope the collaboration will see LifeScan and Willis Towers Watson combine to support self-insured employers in helping their employees and dependents manage diabetes. The OneTouch Reveal Plus […]
Outset Medical wins HHS contract for Tablo home dialysis device
Outset Medical said today that it won a contract from the U.S. Health & Human Services Dept. for using its Tablo hemodialysis systems in response to natural disasters. Tablo is designed to use wireless data, sensor-based automation and an animated touchscreen to make dialysis care accessible in-home, requiring only an electrical outlet and tap water […]
ControlRad drums up $15m Series B round
ControlRad said today that it completed a $15 million Series B round for the commercial launch of its Trace system for reducing radiation in fluoroscopically guided procedures. Norcross, Ga.-based ControlRad’s Trace system is the first FDA-cleared technology that can be integrated into existing mobile C-arms to reduce the ionizing radiation that can occur in FGP. […]
Valeritas jumps on $25m refi, Q3 prelims
Valeritas (NSDQ:VLRX) said today that cut its debt load by $25 million in a refinancing move and released its third-quarter preliminary results, sending its share price up on Wall Street in early trading. The terms of refi saw the exchange of $25.0 million in senior debt owned by CR Group and another creditor for new Series […]
Meditrina raises $13m to commercialize Aveta device
Meditrina said yesterday that it completed a round of equity financing worth $13 million for the commercialization of its Aveta System for treating intrauterine pathologies. The San Jose, Calif.-based company’s Aveta system won FDA 510(k) clearance in May; the company plans to put the $13 million toward the platform’s market launch. The Aveta system is […]
Cantel Medical closes Hu-Friedy buy
Cantel Medical (NYSE:CMD) said today that it closed the buyout of dental instruments maker Hu-Friedy. Little Falls, N.J.-based Cantel said it put up about $719.4 million up front, consisting of $665 million in cash and 751,471 shares of its stock, which were worth about $54.4 million at yesterday’s $72.38 closing price. The deal also includes $50 […]