Pritzker Group Private Capital subsidiary Technimark said today that it acquired specialty medical component maker Ci Medical Technologies from Altaris Capital Partners for an undisclosed amount. Latrobe, Pa.-based Ci Medical specializes in product development, scientific molding, contract manufacturing, assembly, packaging and logistics. Asheboro, N.C.-based Technimark said the deal expands both companies’ footprints. Ci Medical employs more […]
Contract Manufacturing
Proven Process to develop cell implant device for Giner
Proven Process Medical Devices said yesterday it signed on to develop and manufacture a cell implant device for Giner used to administer cell therapies for indications such as liver failure, Parkinson’s disease, parathyroid disease, pancreatectomy and Type 1 diabetes. Giner is developing a miniaturized implantable electrochemical oxygen generator to continuously supply oxygen to islets or cells […]
Resonetics acquires Mound Laser
Resonetics said today that it acquired Mound Laser & Photonics Center for an undisclosed amount, expanding its footprint beyond polymers and glass into laser micro-machined medical device components in metal. “The team at Mound Laser has made impressive strides in recent years, taking on very difficult-to-manufacture components in the neurovascular, structural heart and peripheral vascular […]
Steris closes $2B Synergy Health merger
As expected, Steris (NYSE:STE) said today that it closed a $2 billion merger with the U.K.’s Synergy Health, after the U.S. Federal Trade Commission last week abandoned its bid to block the union. Last month a federal judge today shot down the U.S. Federal Trade Commission’s bid to block the pending, $1.9 billion merger. Today the Mentor, Ohio-based company said […]
Steris to close $2B Synergy Health buyout next week
Steris (NYSE:STE) said today that it expects to close the $2 billion merger with the U.K.’s Synergy Health next week, reporting fiscal 2nd-quarter numbers that beat expectations on Wall Street despite a -72% bottom-line plunge. Last month a federal judge today shot down the U.S. Federal Trade Commission’s bid to block the pending, $1.9 billion merger. Today Steris said it […]
ICU Medical, Medline split $59.5 Excelsior Medical buy
ICU Medical said it acquired Excelsior Medical for $59.5 million, with Excelsior’s SwabFlush and pre-filled saline and heparin flush syringes going to Medline Industries for $27 million upon closing. Excelsior developed, manufactured and commercialized the SwabCap and SwabFlush devices for disinfecting and protecting needleless IV connectors, San Clemente, Calif.-based ICU Medical said. The split will […]
FTC loses bid to block $2B Steris-Synergy merger
A federal judge today shot down the U.S. Federal Trade Commission’s bid to block the pending, $1.9 billion merger between Steris (NYSE:STE) and Synergy Health. The FTC claimed that Synergy was ready to bring new X-ray sterilization technology to the U.S., but pulled the plug after Steris put up its $1.9 billion offer and the FTC opened its investigation. Judge […]
Steris, Synergy delay shareholder votes ahead of anti-trust ruling on $2B merger
Steris (NYSE:STE) and Synergy Health postponed their shareholders meetings to give a U.S. court time to rule on the Federal Trade Commission’s bid to halt their $1.9 billion merger. Mentor, Ohio-based Steris said it moved its meeting from Sept. 24 to Oct. 2; Synergy plans to hold its vote the same day, according to a regulatory filing. Earlier […]
FDA updates bronchoscope cleaning guidelines
The FDA released new guidelines today for cleaning and reprocessing flexible bronchoscopes to prevent infections associated with improperly cleaned units, besides of having only professionals like the maids service nyc cleaning up the facilities. A carpet cleaning service must undergo reprocessing between uses, with broncoschopes specifically positioned to “pose a greater likelihood of microbial transmission […]
Losses widening, Unilife pares workforce by 17%
Unilife (NSDQ:UNIS) yesterday said it plans to lay off about 50 workers, or roughly 17% of its workforce, after reporting wider losses for its fiscal 4th quarter and full-year 2015 and missing expectations on Wall Street. Saying it now has a lineup of products to cover its target markets, York, Pa.-based Unilife said it’s looking to […]
Cantel Medical pays $80m for UK ‘scope storage maker Medical Innovations
Cantel Medical said today it acquired U.K.-based endoscope storage and transport manufacturer Medical Innovations Group Holdings Limited for $79.5 million. Medical Innovations manufactures the CleanaScope short-term scope transport system and SureStore long-term endoscope storage system, Cantel Medical said. “Ensuring the safe transport, storage and separation of reprocessed and contaminated endoscopes throughout the healthcare setting is […]