Siemens (NYSE:SI) unveiled a massive reorganization today that could be the 1st step toward a spinout for its healthcare business, which posted 19% profit growth during Siemens’ fiscal 2nd quarter.
Mergers & Acquisitions
Women’s health: Boston Scientific nabs the rest of IoGyn for $65M
Medtech titan Boston Scientific (NYSE:BSX) announced today that it acquired IoGyn, maker of the Symphion system for removing intrauterine tissue, for $65 million, not including previous investments.
Pershing to Allergan: Take the deal
Confirmed: Covidien acquires Zephyr’s wearable monitors
Intuitive Surgical closes Luna acquisition with 2nd $6M payment
Allergan can do better than Valeant offer, investor says | MassDevice.com On Call
The new face of ortho: Zimmer to take 2nd place with $13.4B Biomet buy
Zimmer beats The Street, alters 2014 forecast on Biomet buy
Ortho shakeup: Zimmer to acquire Biomet in deal worth $13.35 billion
Allergan resists $47B offer by swallowing poison pill
Medline nabs Amendia’s cervical spinal surgery tech in closed-doors deal
Illinois-based Medline Industries acquired key spine surgery technologies from Georgia-based Amendia, the companies announced this month.
Medline nabbed Amendia’s anterior cervical fusion distraction pin business, part of a market that Medline expects to grow more than 8% annually. The technologies are used in surgeries for removing problem disks in the neck area of the spine.