Integer announced today that Joseph Dziedzic plans to retire as CEO and step down from the medtech contract manufacturing giant’s board later this year. Dziedzic plans to retire, effective Oct. 24, 2025. The company selected Payman Khales, its current COO, to take the corner office and join the board at that time. It expects Dziedzic […]
Contract Manufacturing
Teleflex to separate into two publicly traded companies
Teleflex announced today that it plans to separate its Urology, Acute Care and OEM businesses into a new publicly traded company. The company’s board authorized management to pursue a plan to separate the businesses via a distribution of newly issued shares of “NewCo” to shareholders that is tax-free for U.S. tax purposes. NewCo consists of […]
Integer stock is down on Q2 revenue miss
Integer Holdings stock is down today after the medtech contract manufacturing giant missed the Wall Street analyst consensus on its second-quarter revenue. ITGR shares were down more than 5% to $117.58 apiece by midday trading today; MassDevice‘s MedTech 100 Index was down slightly. Plano, Texas–based Integer earned $31.2 million, or 88¢ per share, off of […]
Nordson to acquire Atrion and its medical infusion fluid delivery tech for $800M
Nordson today announced it signed an agreement to acquire medical infusion fluid delivery tech developer Atrion Corp. for nearly $800 million. The agreement includes $460 per share in cash to reflect a valuation of 15 times Atrion’s 2024 full-year estimated EBITDA, including synergies Nordson expects to generate in its first two years of owning Atrion. […]
FDA issues warning letter to Cardinal Health for adulterated and misbranded medical devices
The FDA recently issued a warning letter to Cardinal Health following an inspection at one of its facilities. The inspection revealed unapproved device violations pertaining to the Monoject Leur-lock tip syringes and the Monoject Enteral Feeding Syringes, as well as quality system regulation violations. Dublin, Ohio-based Cardinal Health was found to be marketing convenience kits […]
Integer stock sinks despite Q1 beat as full-year forecast disappoints
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 […]
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 […]
