Senseonics said today it closed its merger with ASN Technologies. As part of the buy, ASN Technologies changed its name to Senseonics Holdings and “disposed” of its legacy business through selling assets and liabilities to its former sole officer Daniel Davis in exchange for forgiveness of debt. “The completion of the merger marks a significant […]
Mergers & Acquisitions
Edwards Lifesciences looks to mitral repair with Harpoon Medical stake
Edwards Lifesciences (NYSE:EW) took out a stake with an exclusive option to buy in Harpoon Medical potentially adding a mitral repair device to the mitral valve replacement being developed by recent acquisition CardiAQ Valve Technologies. Irvine, Calif.-based Edwards did not reveal the size of its stake in Harpoon when it released new guidance earlier this week. Harpoon, based […]
Clinton, aiming to curb inversion deals, looks to stop ‘earnings stripping’
(Reuters) — U.S. Democratic presidential candidate Hillary Clinton today plans to continue her push to crack down on companies that shift profits overseas, at a campaign stop in Iowa where she’s due to unveil her plan to rein in the practice, known as earnings stripping. Clinton is spending this week detailing how she would address tax-avoiding “inversion” deals […]
Pritzker Group’s Technimark buys Ci Medical
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 […]
Flextronics picks up Farm Design
Flextronics (NSDQ:FLEX) said today it acquired medical device and diagnostic developer and designer Farm Design for an undisclosed amount. Farm Design provides early product design services including user research, human factors engineering, user interface design, industrial design, mechanical and systems engineering and usability testing, Flex said. Farm Design is ISO 13485-certified and FDA-compliant. “We are delighted […]
Comfort Medical acquires Medical Direct Club
Urological device supplier Comfort Medical said yesterday it acquired direct-to-consumer urological supplier Medical Direct Club. Medical Direct Club is the 3rd largest direct-to-consumer supplier of urological catheters and supplies in the U.S., Coral Springs, Fla.-based Comfort Medical said. “Comfort has built an efficient and scalable patient-centric platform designed to provide its patients with unparalleled customer […]
Dentsply, Sirona put $5.56b merger to stockholder vote
Dentsply International (NSDQ:XRAY) and Sirona Dental Systems (NSDQ:SIRO) said today they plan to put their proposed $5.56 billion merger to a stockholder vote on January 11. Both Dentsply and Sirona released a joint statement on the merger, planning both shareholder meetings for the same day in their respective U.S. headquarters in York, Penn. and New York, N.Y., respectively. The […]
Conmed acquires KFx’s AppianFx soft tissue fixation device
KFx Medical said today that ConMed (NSDQ:CNMD) acquired its AppianFx soft tissue fixation device for an undisclosed amount. “The AppianFx system fits perfectly within the broad sports medicine Conmed product line,” KFx president & CEO Tate Scott said in prepared remarks. “We are pleased to see this remarkable product get the broader exposure possible from the Conmed […]
Medtronic mulls sale of some Covidien assets
With 3 quarters of operations under its belt since the $50 billion acquisition of Covidien, Medtronic (NYSE:MDT) is evaluating whether to sell off some of the Covidien assets, CEO Omar Ishrak told analysts yesterday during a conference call. Ishrak said Covidien, which Medtronic calls its minimally invasive therapies group, has “a very clear and compelling vision for the future, […]
Dehaier Medical mulls takeover bid
Dehaier Medical said today it received a $20 million equity investment offer from Hangzhou Liaison Interactive Information Technology for 10 million newly issued common shares at $2 per share. Dehaier, who markets and sells medical devices and respiratory products in China and internationally, said it assembled a special committee to consider the investment proposal. None […]
BC Technical acquires MRI/CT parts & service company Magnaserv
BC Technical said yesterday it acquired MRI and CT focused independent service organization MagnaServ. West Jordan, Utah-based BC Technical is the U.S.’s largest non-OEM medical imaging parts supplier, providing refurbished imaging parts and on-site service, the company said. “This has been a very exciting year for the BC Technical family. We made a commitment to […]