Integra LifeSciences (NSDQ:IART) said today that it closed its $312 million acquisition of TEI Biosciences and sister company TEI Medical, expanding its footprint in reconstructive surgery and regenerative wound care. The deal brings TEI’s PriMatrix dermal repair scaffold and a 125-member sales force under the Integra umbrella, that Plainsboro, N.J.-based company said. TEI is based in Waltham, Mass. […]
Mergers & Acquisitions
Mindray completes purchase of Dragonbio
Mindray Medical (NYSE:MR) said today it completed the acquisition of the remaining stakes in Wuhan Dragonbio for a price of approximately $70.2 million. Shenzhen, China-based Mindray manufactures and markets patient monitoring and life support devices, in-vitro diagnostics and medical imaging systems, the company said. Mindray now holds 100% of the shares of Dragonbio, producer of orthopedic products […]
Report: Stryker eyes Turkish medical bed maker
Stryker (NYSE:SYK) is eyeing Turkish hospital bed and stretcher manufacturer Muka Metal, according to a report from the Daily Sabah. If Styker acquires Muka Metal, it will be the 1st Turkish investment for the Kalamazoo, Mich.-based medical giant. Muka Metal also produces non-medical products, including office furniture and household electrical appliances, according to the report. […]
Alere sells BBI, buys U.S. Diagnostics
Alere announced 2 major transactions today, selling its BBI diagnostics business and acquiring the assets of U.S. Diagnostics. The company is selling its BBI business to U.K.-based Exponent Private Equity for approximately $164 million, including up to $47 million in contingent consideration, Alere said. The final price will be subject to a working capital adjustment, […]
U.S. anti-trust regulators OK Hill-Rom’s $2B Welch Allyn buy
Hill-Rom Holdings (NYSE:HRC) said today that U.S. anti-trust regulators approved its pending, $2.05 billion acquisition of Welch Allyn and its portfolio of point-of-care diagnostic devices. The cash-and-stock deal is slated to leave privately owned Welch Allyn’s shareholders owning a 13% stake in Hill-Rom. The deal, expected to close by the end of September, calls for Chicago-based Hill-Rom to pay $1.625 […]
Pfizer offers concessions to win EU okay for Hospira deal
(Reuters) — Pfizer (NYSE:PFE) offered concessions in a bid to win European Union regulatory approval for its $15 billion takeover of U.S. rival Hospira (NYSE:HSP), the European Commission said today. The EU competition authority did not provide details of Pfizer’s proposal, in line with its policy. It extended the deadline for its decision to Aug. 4 […]
Valeant Pharma to acquire contact maker Unilens for $28m
Valeant Pharmaceuticals (NYSE:VRX, TSE:VRX) said today it entered into an agreement to acquire Unilens Vision for $28 million, including $5 million in debt. Under the agreement, which was unanimously approved by Largo, Fla.-based Unilens’ board of directors, a wholly-owned subsidiary of Valeant will acquire Unilens for $12.75 per share in cash. “We are very pleased […]
Medtronic inks $235m deal for RF Surgical Solutions
Medtronic (NYSE:MDT) said today that it agreed to pay $235 million to acquire RF Surgical Systems and its device for keeping track of items used during surgery. The RF Surgical system is designed to help prevent “never events” such as leaving a surgical sponge in a patient after surgery, using low radiofrequency signals to track the […]
Edwards Lifesciences to drop $400m on CardiAQ Valve
Edwards Lifesciences (NYSE:EW) last week said it agreed to pay $400 million for CardiAQ Valve Technologies and its transcatheter mitral valve implant, saying it also reached a deal to revise the protocol for restarting a trial of its own Fortis mitral valve. The deal for CardiAQ Valve, which like Edwards is based in Irvine, Calif., calls for an up-front […]
Circadiance buys Philips’ infant sleep apnea lines
Circadiance said yesterday it acquired Royal Philips‘ (NYSE:PHG) infant respiratory SmartMonitor and NeoPap product lines. The companies did not disclose the details of the transaction, but Circadiance said they anticipate the deal to close by the end of the week. The purchase will allow the company to expand its presence into the global pediatric […]
Smith & Nephew buys Russian ortho biz DeOst
Smith & Nephew (NYSE:SNN) said this week that it acquired Russia’s DeOst group, which makes and distributes trauma and orthopedic devices, for an undisclosed amount. DeOst has distributed the British healthcare giant’s products in Russia since 2009, Smith & Nephew said. “Smith & Nephew has grown its business in Russia since 2005. This investment, in line […]