CryoLife Inc. (NYSE:CRY) said yesterday that it closed its play for the mechanical heart valve space, the $130 million acquisition of On-X Life Technologies. On-X makes an aortic valve replacement and is developing a mitral chord repair device called Chord-X. The Austin, Texas-based company put up sales of about $33 million last year. The deal called for […]
Mergers & Acquisitions
Bioclinica picks up Clinverse
Bioclinica said yesterday it picked up clinical trial financial management tech firm Clinverse for an undisclosed amount. Clinverse, based in Durham, N.C., manages and automates financial aspects of global clinical trials for contract research organizations and pharmaceutical companies, Bioclinica said. “We are delighted to add Clinverse’s capabilities to Bioclinica’s portfolio of solutions. Managing clinical investigator […]
Parexel picks up life sciences strat firm Health Advances
Parexel International said yesterday it bought life sciences strategy consulting firm Health Advances through the acquisition of all outstanding equity securities of the company. Health Advances employs 120 scientists, clinicians and business professionals across the U.S. and Europe, Parexel International said. The firm works with leading medical device, diagnostic and health information companies, providing specialized […]
MindRay shareholders to vote on $3.3B go-private proposal
Mindray Medical (NYSE:MR) shareholders are slated to meet next month to vote on a $3.3 billion proposal that would see the Chinese company’s managers take it private. The shareholders vote on the $28-per-share deal is scheduled for Feb. 26, the Shenzen-based company said. Co-CEOs Li Xiting and Cheng Minghe and chairman Xu Hang offered $30 per share, or […]
Lantheus sells Canadian radiopharmacy biz for $9m
Lantheus Medical Imaging said yesterday it sold its radiopharmacy and Canadian Gludef manufacturing and distribution businesses to Isologic Radiopharmaceuticals for $9m. As part of the sale, Lantheus and Isologic inked a long-term supply deal which positions Lantheus to supply Isologic with its products on commercial terms, with a set of product purchase commitments included. “We […]
MiMedx picks up regenerative focused Stability Biologics
MiMedx (NSDQ:MDXG) said it completed its acquisition of human tissue product provider Stability Biologics, paying $10 million at closing and saying it expected the buy to be accretive to its full year 2016 adjusted EPS. Nashville, Tenn.-based Stability Biologics produces tissue products at its national processing center in San Antonio, Texas, for use in surgical, spinal […]
Update: PE shop Aurora Capital buys Cardiac Science
Update: Added legal information on the bankruptcy sale Private equity firm Aurora Capital Group said today it acquired the assets of Cardiac Science in a court-approved sale. The buy was approved by U.S. Bankruptcy Judge Robert Martin, and included a $65 million credit bid and an agreement from Aurora to take on other liabilities including real […]
Hansen Medical seeks ‘strategic alternatives,’ shares soar then plunge
Share prices for Hansen Medical (NSDQ:HNSN) surged in pre-market trading this morning after the beleaguered robot-assisted surgery company said it’s seeking the proverbial “strategic alternatives.” Mountain View, Calif.-based Hansen, which makes the Magellan and Sensei surgical robots, said it formed a special committee of its independent board members to evaluate potential moves, including a sale of […]
Report: Pfizer mulls sale of Hospira infusion pump biz
Pfizer (NYSE:PFE) is reportedly mulling a sale of the infusion pump business it acquired along with Hospira last year, aiming to focus on its core branded pharmaceuticals business. Hospira makes generic versions of injectable drugs used in hospitals, pumps to deliver them and also sells biosimilars or copies of biotech drugs. New York City-based Pfizer closed the $15 […]
iCad closes VuComp cancer portfolio buyout
iCad (NSDQ:ICAD) said today it completed its acquisition of VuComp’s cancer detection portfolio, including the M-Vu computer aided detection technology platform. The buy includes a library of related clinical data as well as VuComp’s key personnel and existing customer base. iCad had previously acquired VuComp’s M-Vu breast density software product in April last year. “This […]
Thoratec sales exceed forecast for St. Jude Medical
Share prices for St. Jude Medical (NYSE:STJ) slid today after the medical device company missed forecasts for its 4th-quarter sales, despite a higher-than-expected contribution from its newly acquired Thoratec implantable heart pump business, and raised the low end of its earnings outlook. Little Canada, Minn.-based St. Jude said it expects to post sales of $1.45 billion for the 3 months […]