Integer stock declined by 10% today despite posting Street-beating first-quarter earnings. Investors were likely reacting to the medtech contract manufacturing giant’s full-year guidance, which was less than the analyst consensus. Plano, Texas–based Integer earned $20.5 million, or 59¢ per share, off of $414.8 million in sales for the quarter ended March 29, 2024. Compared to Q1 […]
Contract Manufacturing
Vantage MedTech names Jim Bartel as CEO
Vantage MedTech today announced it appointed Jim Bartel as CEO. Bartel has more than 25 years of leadership experience within the medical device and contract manufacturing industries. He has held various roles in leading marketing, business development and sales teams. Most recently, Bartel was CEO and board member of Waltek, a private equity-owned casting and […]
Integer acquires Pulse Technologies for $140M
Medtech contract manufacturing giant Integer Holdings announced that it has bought Quakertown, Pennsylvania–based Pulse Technologies. The size of the deal was roughly $140 million. It closed on Jan. 5 and utilized borrowings under Integer’s existing revolving credit facility. Pulse Technologies is a privately-held medtech supplier focusing on complex micromachining of medical device components for high-growth […]
What’s next for Medtronic’s RDN program after FDA approval?
Medtronic is planning its first commercial renal denervation (RDN) cases and is already running a postmarket study after winning FDA approval of its Symplicity Spyral system for hypertension. In an interview before the Thanksgiving break, Medtronic SVP Jason Weidman — who’s also president of the company’s coronary and RDN business — said he expects the […]
Asensus agrees to manufacturing deal for next-gen Luna surgical robot
Asensus Surgical (NYSE:ASXC) announced that it entered into an agreement with Flex for surgical robot manufacturing services. Specifically, the company struck a deal with Flex for design and advanced manufacturing services for its Luna next-generation robot. Research Triangle Park, North Carolina-based Asensus unveiled the Luna platform in February. It designed Luna as an integrated digital surgery […]
Acutus Medical is laying off more than half of its workers
Acutus Medical (Nasdaq:AFIB) announced today that it will lay off 65% of its workforce as part of a major restructuring. The Carlsbad, California–based company’s most recent annual report lists 225 workers at the end of 2022, which means the layoff could involve roughly 146 workers. Restructuring will involve winding down Acutus Medical’s EP mapping and […]
Integer scores a big Q3 earnings beat, closes tuck-in acquisition
Medtech contract manufacturing giant Integer saw its stock jump more than 14% in value today on Street-beating third-quarter earnings and upped guidance. Plano, Texas–based Integer also announced that it has spent $42 million to acquire certain assets of InNeuroCo to boost its neurovascular catheter capabilities. The deal, which closed Oct. 1, will add $5 million […]
Getinge makes infection prevention play with Healthmark buy
Getinge announced today that it has acquired Healthmark Industries, a Fraser, Michigan–based provider of instrument care and infection control consumables. The Swedish medtech company paid $320 million in cash for 100% of Healthmark. The acquisition aims to bolster Getinge’s footprint in the U.S. sterile reprocessing market while paving the way for Healthmark’s global expansion. The […]
Cook Medical wins Vizient’s supplier of the year award
Cook Medical announced on Tuesday that it won the 2023 Vizient Supply Assurance Supplier of the Year Award. The company received the award at the 2023 Vizient Connections Summit. It said the award demonstrates its transparency and commitment to communication during the supply chain process. Vizient’s award goes to a company that demonstrates flexibility, innovation […]
Microbot Medical inks deal to expand surgical robot manufacturing capabilities
Microbot Medical (Nasdaq:MBOT) announcd today that it signed a manufacturing agreement with B.Y. Medimor for its surgical robot. Braintree, Massachusetts–based Microbot develops the Liberty single-use endovascular robotic surgical system. It designed Liberty for use in neurovascular, cardiovascular and peripheral vascular procedures. The system includes a compact design and remote operating capabilities to reduce radiation exposure […]
Owens & Minor stock rises on Q2 results
Owens & Minor (NYSE:OMI) shares rose today on second-quarter results that included a big three months for its Patient Direct business. Shares of OMI ticked up 1% at $18.96 apiece in midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 0.2%. The Richmond, Virginia-based […]