Fresenius Medical Care (NYSE:FMS; ETR:FRE) said today that it closed the $2 billion acquisition of NxStage Medical and settled self-reported violations of the U.S. Foreign Corrupt Practices Act for nearly $255 million. The $30-per-share deal for the Lawrence, Mass.-based home hemodialysis pioneer, first announced in August 2017, was initially slated to close by the end of that year. […]
FTC gives the go ahead to Fresenius, NxStage merger
The U.S. Federal Trade Commission said yesterday that it cleared Fresenius (NYSE:FMS) in its $2 billion acquisition of NxStage Medical (NSDQ:NXTM). As part of the approval, NxStage will have to part ways with its bloodline tubing set business, offloading them to B. Braun, according to the regulatory agency. The vote to approve the merger was split, however, […]
FTC wants more details on $4B Boston Scientific-BTG tie-up
The U.S. Federal Trade Commission wants more information about the proposed $4 billion tie-up of BTG (LON:BTG) and Boston Scientific (NYSE:BSX), but the companies said they still expect the merger to close on schedule in mid-2019. In a regulatory filing today, Marlborough, Mass.-based Boston Scientific said yesterday’s FTC request “is focused on the beads businesses of Boston Scientific and […]
J&J to enter the robotic surgery market with $3.4B Auris Health buy
Johnson & Johnson (NYSE:JNJ) is stepping into the field of robotic surgery after saying today that its Ethicon subsidiary inked a $3.4 billion deal to pick up surgical robotics pioneer Dr. Fred Moll’s newest robotic surgical play, Auris Health, and its FDA-cleared Monarch platform. The New Brunswick, N.J.-based medtech giant said that the deal will include an […]
ConMed closes $365m Buffalo Filter buy
ConMed (NSDQ:CNMD) said today that it closed its $365 million acquisition of Buffalo Filter from the Filtration Group. Buffalo Filter develops and produces surgical smoke evacuation technologies, including smoke evacuation pencils, smoke evacuators and laparoscopic solutions, ConMed said. Utica, N.Y.-based ConMed said that it funded the transaction through a combination of convertible notes and an expanded and […]
Qualcomm renames, offloads med-device connectivity biz to PE firm Francisco Partners
Qualcomm (NASDAQ:QCOM) medical-device focused subsidiary Qualcomm Life has been sold to private equity firm Francisco Partners and renamed to Capsule Tech, as it will now function as a stand-alone business, the PE firm said yesterday. The companies did not reveal any financial details about the transaction, but said that Capsule Tech will continue to operate […]
Edwards Lifesciences to acquire Casmed for $100m
Edwards Lifesciences (NYSE:EW) said today that it inked a deal to acquire CAS Medical System (NSDQ:CASM) and its non-invasive brain tissue oxygenation monitoring tech for approximately $100 million. Irvine, Calif.-based Edwards said that it will pay $2.45 per share of common stock of Branford, Conn.-based Casmed in the all-cash deal. Edwards said that it currently has a pending FDA […]
Report: Smith & Nephew eyeing $3B NuVasive acquisition
Smith & Nephew (NYSE:SNN) is in discussions to pick up spine-focused medtech developer NuVasive Inc. (NSDQ:NUVA) in a deal that could be worth more than $3 billion, according to a report from the Financial Times released late last week. The companies have not officially commented on the possible acquisition. NuVasive has a market valuation of approximately $2.6 […]
Trice Medical to acquire SegWay Ortho
Trice Medical said today that it inked a deal to acquire SegWay Orthopaedics for an undisclosed amount. SegWay Ortho produces solutions for minimally invasive orthopedic procedures, including its flagship Endoscopic Carpal Tunnel Release system, a device intended to support minimally invasive carpal tunnel surgeries, Malvern, Penn.-based Trice Medical said. The company’s SegWay platform is also used […]
Resonetics continues buying spree, snaps up Minnesota firm
Resonetics said it has acquired Caribou Technologies (Blaine, Minn.), a supplier of centerless grinding, forming, coiling, machining and laser processing for the medtech industry. In addition to servicing a large number of medical device manufacturers in the Twin Cities market, Caribou has built a strong and growing customer base in high growth market segments around the world, according […]
3M closes $1B M*Modal buy
3M (NYSE:MMM) said today that it closed its approximately $1 billion acquisition of health information tech developer M*Modal. Franklin, Tenn.-based M*Modal develops cloud-based, conversational artificial intelligence-powered software platforms. The company’s products are intended to allow physicians to “capture and improve the patient narrative,” to allow them to gain more face time with the patient and […]
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