Inogen (Nasdaq: INGN) announced today that it completed its previously announced acquisition of Physio-Assist. Goleta, California-based Inogen announced its plan to acquire the French airway clearance technology developer in July. The deal includes a $32 million payment upfront and could reach up to $45 million in total. Physio-Assist develops and manufactures its Simeox technology. Simeox, […]
Mergers & Acquisitions
Bausch+Lomb launches $1.4B offering to finance XIIDRA eye drop buy
Bausch + Lomb (NYSE:BLCO) announced today that it launched an offering worth $1.4 billion in new senior secured notes. The company intends to offer the notes, due 2028, and to enter into an incremental term loan facility. Both moves aim to support the financing of the company’s pending acquisition of XIIDRA. Bausch + Lomb expects […]
Centinel Spine divests spine fusion business
Centinel Spine announced that it entered into a definitive agreement to sell its global spine fusion product portfolio to Silony Medical. The companies expect the transaction to close within 45 days. The companies declined to disclose the terms of the divestiture of the portfolio and related assets. West Chester, Pennsylvania–based Centinel Spine says the sale […]
Abbott to acquire insulin management company Bigfoot Biomedical
Abbott (NYSE:ABT) announced today that it entered into a definitive agreement to acquire smart insulin management company Bigfoot Biomedical. The transaction remains subject to customary closing conditions and the companies declined to disclose financial terms. They expect it to close in the third quarter of 2023. Abbott has a longstanding relationship with Bigfoot going back […]
GLP-1 startup i2o looks to revive diabetes drug-eluting implant from Intarcia
i2o Therapeutics says it acquired the diabetes-treating assets of one-time medtech unicorn Intarcia Therapeutics. The Boston-based company acquired and integrated Intarcia’s proprietary assets and made a big personnel move. With CEO Ravi Srinivasan moving onto other opportunities, i2o named Kurt Graves as chair, president and CEO. Graves previously served as executive chair of the i2o […]
3D-printed orthopedic implant maker Restor3d completes Conformis acquisition
Restor3d announced today that it completed its previously announced acquisition of Conformis (Nasdaq:CFMS). The companies completed the deal, announced in June, after Conformis’ stockholders approved it at a special meeting on Aug. 31. As a result, shares of Conformis common stock ceased trading on the Nasdaq prior to market open today, Sept. 5. Per the […]
Globus Medical, NuVasive complete merger
Globus Medical and Nuvasive today announced the completion of their previously announced merger. The news sent GMED shares down more than 1% to $53.30 apiece by midday today, while MassDevice‘s MedTech 100 Index was up slightly. Truist analysts cited investor fears over the deal causing near-term business disruptions. Globus Medical officials plan to discuss the […]
Sanuwave to go public in $127.5M SPAC merger
Wound care company Sanuwave Health announced that it entered into a business combination agreement with SEP Acquisition Corp. The merger with SEP, a special purpose acquisition company (SPAC), aims to create a Nasdaq-listed company. Upon the transaction’s completion, the combined company expects to operate under the Sanuwave name and the “SNWV” ticker. The proposed transaction […]
Johnson & Johnson finalizes Kenvue spilt-off
Johnson & Johnson announced today that it completed the separation of its Kenvue consumer health business. Kenvue completed its IPO in May 2023. Johnson & Johnson last month announced its intention to split off at least 80.1% of the shares of Kenvue. The separation enables the company to sharpen its focus on its MedTech and […]
TransMedics completes Summit Aviation acquisition
TransMedics (Nasdaq:TMDX) announced that it completed its previously announced acquisition of Summit Aviation. Andover, Massachusetts-based TransMedics initially announced its plans to acquire the U.S. charter flight operator on Aug. 1. It did not disclose financial terms at the time. With the closing of the deal, Summit founder Ben Walton joins the company as VP of […]
ReWalk Robotics to acquire anti-gravity tech provider AlterG for $19M
ReWalk Robotics (Nasdaq:RWLK) announced that it executed an agreement to acquire AlterG, an anti-gravity system provider. The deal includes a purchase price of approximately $19 million at closing. ReWalk expects to close the deal on Aug. 11, with closing contingent upon the satisfaction of customary closing conditions. Additional cash earnouts may be paid based upon […]