Syneron Candela said today it acquired Danish medical device firm Ellipse for an undisclosed amount. Ellipse produces Intense Pulsed Light and laser-based platforms intended for use as medical and aesthetic skin treatments, Wayland, Mass.-based Syneron Candela said. Key products from the Danish company include the Nordlys IPL multi-application, multi-tech IPL and the Nd:YAG platform designed for […]
CHF Solutions buys Vasamed’s AcQtrac
CHF Solutions (NSDQ:CHFS) said today that it acquired Vasamed‘s AcQtrac technology for an unspecified amount. The AcQtrac System is designed to measure cardiac and hemodynamic parameters using impedance cardiography and has 510(k) clearance from the FDA and CE Mark approval in the European Union. Eden Prairie, Minn.-based CHF Solutions said it plans to evaluate other ways to […]
Medtronic can’t shake shareholder suit over Covidien merger
A Minnesota state court last week gave a group of Medtronic (NYSE:MDT) shareholders another chance at a lawsuit brought over its $50 billion acquisition of Covidien. In early 2015 Medtronic closed the Covidien deal, consummating in the biggest medical device acquisition ever. Shortly after the deal was announced during the summer of 2014, shareholder Lewis Merenstein sued in Minnesota’s […]
Philips acquires pulse oximetry sensor maker Xhale Assurance
Royal Philips (NYSE:PHG) said this week it acquired pulse oximetry sensor maker Xhale Assurance for an undisclosed amount. Xhale Assurance produces a disposable pulse oximetry sensor designed to be placed on the wing of the nose to monitor heart rate and blood oxygenation under low perfusion conditions, which Amsterdam-based Philips said can be challenging with conventional […]
Bovie Medical closes $97m sale of core electro-cautery biz to Symmetry Surgical
Bovie Medical (NYSE:BVX) said today it closed the $97 million sale of its core electro-cautery business, including the Bovie brand, to Symmetry Surgical. The all-cash sale comes as Clearwater, Fla.-based Bovie looks to pivot toward the cosmetic surgery market, and includes transition services, patent licensing, disposables supply and generator manufacturing agreements. The deal also includes terms […]
Report: Sotera Health exploring possible $5B sale
Private-equity owned sterilization company Sotera Health is considering a potential sale that could be worth as much as $5 billion, according to a recent Reuters report. Company owners Warburg Pincus and GTCR are working with investment banks in pursuit of a sale of the company, though the process is still in its early stages and […]
Stryker to acquire K2M for $1.4B
Stryker (NYSE:SYK) said today it inked a definitive agreement to acquire K2M (NSDQ:KTWO) for approximately $1.4 billion. In the deal, Kalamazoo, Mich.-based Stryker said it will pay $27.50 per share for each outstanding share of K2M, for a total of approximately $1.4 billion. The purchase price represents a 27% premium over K2M’s average closing price during the 90 […]
Wright Medical slides after pricing offering to back Cartiva buyout
Wright Medical (NSDQ:WMGI) shares traded down this morning after it priced an offering it plans to use to fund the $435 million buyout of Cartiva. Wright said it plans to finance the Cartiva purchase, announced yesterday morning, with an equity offering. Alpharetta, Ga.-based Cartiva makes a synthetic cartilage implant for treating arthritis in the big toe. Yesterday […]
Wright Medical puts up $435m for Cartiva
Wright Medical (NSDQ:WMGI) said today that it agreed to pay $435 million in cash to acquire Cartiva and its synthetic cartilage implant for treating arthritis in the big toe and raised its sales outlook for the rest of the year. Alpharetta, Ga.-based Cartiva won pre-market approval from the FDA for the SCI implant in July 2016 (the device won […]
Fuse + Maxim = an all-stock transaction
Fuse Medical’s (OTC: FZMD) recent purchase of Maxim Surgical was an all-stock transaction worth $3,276,488, according to a recent Securities and Exchange Commission (SEC) filing. Maxim is a spinal fusion device company and device distributor. Closed on Aug. 1, the Maxim deal was the second acquisition in the past year for Fuse, which purchased CPM Medical Consultants in […]
Avista to acquire Organogenesis
Avista Healthcare Public Acquisition group said last Friday it inked deal to acquire Organogenesis for an undisclosed amount. As part of the deal, Avista Capital Partners private equity firm will invest $92 million into the newly acquired company, which is slated to be listed on the Nasdaq under the ticker symbol “ORGO” following the closing […]
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