GE HealthCare this week announced it closed its acquisition of MIM Software. The Chicago-based imaging company previously announced the buy in January. GE HealthCare funded the acquisition — for which financial terms were not disclosed — with cash on hand. MIM Software provides AI-based software for radiation oncology, molecular radiotherapy, diagnostic imaging and urology. The […]
Business/Financial News
Wall Street Beat | Earnings Reports | Funding Roundup | Mergers & Acquisitions | Initial Public Offerings | Legal News
FDA approves Abbott TriClip TEER system
Abbott announced today that the FDA granted approval for its first-of-ts-kind TriClip transcatheter edge-to-edge repair (TEER) system. The expected approval comes after a February vote by an FDA panel that confirmed the system’s benefits outweighed its risks. Abbott designed TriClip to treat tricuspid regurgitation (TR), or a leaky tricuspid valve. Delivered through a vein in […]
Integra LifeSciences completes acquisition of J&J’s Acclarent
Integra LifeSciences announced that it completed its previously announced acquisition of Acclarent from Johnson & Johnson MedTech . Princeton, New Jersey-based Integra struck a deal with J&J to acquire Acclarent for $275 million upfront at the end of 2023. The deal also includes an additional $5 million upon the achievement of regulatory milestones. Acclarent, part […]
Politan picks a new Masimo board fight, targeting CEO’s seat after recent wins
Masimo is fighting with Politan Capital Management again after the activist investor won a heated battle for two seats last year. Politan Managing Partner and Chief Investment Officer Quentin Koffey said his firm is nominating two more candidates for election to the board at this year’s annual meeting in a bid to take control of […]
Smith+Nephew rolls out new chronic wound treatment tech
Smith+Nephew announced today that it launched its Renasys Edge negative pressure wound therapy (NPWT) system in the U.S. London-based Smith+Nephew began the rollout in the U.S. as a patient-centric option for treating chronic wounds. The lightweight, compact system features a discreet canister and users can easily carry or wear it. It also operates quietly so […]
GE HealthCare names new chief communications officer
GE HealthCare today announced it appointed Rana Strellis as chief corporate marketing and communications officer. Strellis replaces Danielle Halstrom who transitioned to the same role at the GE HealthCare Foundation two weeks ago. She will drive the company’s corporate brand, reputation and narrative forward internally and externally. “Rana brings a wealth of functional expertise in […]
New Olympus Americas CEO takes corner office after former CEO joins Grifols
Olympus Corporation of the Americas (OCA) has a new CEO after its former leader formally took up the same post at Grifols. Julien Sauvagnargues takes over as president and CEO, reporting to Olympus Chief Strategy Officer (CSO) Gabriela Kaynor. The change went into effect today after former OCA CEO and Olympus global COO Nacho Abia […]
Haemonetics completes Attune Medical acquisition
Haemonetics announced today that it completed its previously announced acquisition of Attune Medical. Boston-based Haemonetics agreed to buy Attune for an upfront cash payment of $160 million just under a month ago. Chicago-based Attune medical develops the ensoETM proactive esophageal cooling device. The company designed ensoETM to reduce the likelihood of ablation-related esophageal injury. These […]
ZimVie closes sale of spine business, medtech veterans make up leadership team
ZimVie announced today that it completed the sale of its spine business to establish itself as a pure-play dental company. The company also shared details on the makeup of the leadership team at the now-sold business unit. The Westminster, Colorado-based ZimVie announced its intent to sell the spine business to H.I.G. Capital in December 2023. […]
3M completes Solventum healthcare business spinoff
3M announced today that it completed the spinoff of its Solventum healthcare business as a standalone company. Following the completion of the spinoff, Solventum is now listed on the New York Stock Exchange under the “SOLV” ticker. The 3M board approved the spinoff in March, confirming the effective date for today, April 1. The St. […]
Pulse Biosciences to raise $60M
Pulse Biosciences (Nasdaq:PLSE) announced that its board of directors approved plans to initiate a rights offering worth $60 million. The offering features up to $60 million in the form of “units” available to all holders of the company’s common stock. Each unit consists of one share of common stock and warrants to purchase a total […]