Johnson & Johnson announced today that it completed the previously announced acquisition of V-Wave. New Brunswick, New Jersey-based Johnson & Johnson announced in August that it that it agreed to acquire the interatrial shunt maker for up to $1.7 billion. J&J’s relationship with V-Wave also dates back to an initial investment in the company in […]
Wall Street Beat
Stryker acquires tumor, stroke care company Nico Corporation
Stryker announced today that it completed the acquisition of Nico Corporation, a neurotechnology company. Financial terms of the deal were not disclosed. This marks the second acquisition completed this week by Stryker, following the closing of its Care.ai acquisition on Sept. 18. Nico offers a systemic approach to minimally invasive surgery for tumor and intracerebral […]
Masimo CEO Joe Kiani faces shareholder vote today
Masimo shareholders today will decide on a bitter proxy fight between the company’s founder and CEO Joe Kiani and Politan Capital Management. In July, the digital health pioneer delayed its annual shareholders meeting to Sept. 19, so it had time to sue Politan in federal court in California over accusations of material misstatements in communications […]
Stryker completes Care.ai acquisition
Stryker announced that it completed its previously announced acquisition of Care.ai. Last month, the Portage, Michigan–based orthopedic giant announced its agreement to acquire privately held Care.ai. No financial terms for the deal were disclosed. Care.ai specializes in AI-assisted virtual care workflows, smart room technology and ambient intelligence solutions. Stryker said the acquisition strengthens the company’s […]
Merit Medical to buy Cook Medical’s lead management portfolio
Merit Medical Systems (Nasdaq:MMSI) announced today that it agreed to acquire Cook Medical’s lead management portfolio for $210 million. Cook Medical’s lead management business provides medical devices and accessories used in lead management procedures. These procedures occur in patients who need a pacemaker or an implantable cardioverter-defibrillator (ICD) lead removed or replaced. Merit Medical says […]
Boston Scientific closes Silk Road Medical acquisition
Boston Scientific announced today that it completed its $1.18 billion acquisition of Silk Road Medical . The acquisition includes a purchase price of $27.50 per share for a full enterprise value of approximately $1.18 billion. Boston Scientific expects an immaterial impact from the acquisition on its adjusted EPS in 2024 and 2025. It expects an accretive […]
Edwards expects lower EPS after layoffs, Critical Care sale
Following recent developments at Edwards Lifesciences , the company is expecting lower earnings per share in 2025 compared to its 2024 forecast. Analysts at Wells Fargo reduced their price target for the company in response to that as CEO Bernard Zovighian played down negative reactions by investors, speaking at the Wells Fargo Healthcare Conference last […]
Edwards completes sale of Critical Care business to BD
Edwards Lifesciences announced that it completed the sale of its Critical Care business to BD for $4.2 billion. Irvine, California-based Edwards announced at the end of last year that it planned to spin off the Critical Care business. However, instead of a spin, BD announced in June that it struck an all-cash deal to acquire […]
Asensus shareholders approve Karl Storz merger
Asensus Surgical filed an SEC Form 8-K to confirm that its shareholders voted to approve its planned merger with Karl Storz. In June, the companies agreed to a deal in which Karl Storz acquires the surgical robot maker for 35¢ per share in cash. Asensus’ board unanimously approved the agreement. However, with scrutiny over a […]
Johnson & Johnson to buy heart failure treatment maker V-Wave for up to $1.7B
Johnson & Johnson announced today that it agreed to acquire interatrial shunt maker V-Wave for up to $1.7 billion. The medtech giant says the planned acquisition extends its position as a leader in addressing cardiovascular disease. V-Wave develops cardiovascular implant technology that specifically targets heart failure with reduced ejection fraction (HFrEF). The company designed its […]
Medtronic beats The Street in Q1 as it ups lower end of guidance
Medtronic today reported first-quarter results that beat the Wall Street analyst consensus, with automated insulin pumps, PFA and neuromodulation among the medtech fueling the beat. The world’s largest medical device company also nudged up the lower end of its full-year guidance. Truist analysts described the Q1 beat as modest. MDT shares were up more than […]
