Sanara MedTech (NSDQ:SMTI) announced today that it entered into a definitive merger agreement with Precision Healing. Fort Worth, Texas–based Sanara’s agreement will result in Precision Healing merging with and into a wholly-owned subsidiary of Sanara, with both companies’ boards of directors approving the transaction. According to a news release, the companies expect the merger, which […]
Wound Care
Owens & Minor completes $1.6B acquisition of Apria
Owens & Minor (NYSE:OMI) announced today that it closed its previously announced $1.6 billion acquisition of Apria. The Richmond, Virginia-based company previously announced the planned acquisition of Apria, a developer of home medical equipment for respiratory therapy, sleep apnea treatment, negative pressure wound therapy, and continuous glucose monitoring, in January 2022. According to a news […]
Cardinal Health officials think their new surgical drape could reduce contamination
Cardinal Health (NYSE:CAH) said today that it has launched the first surgical incise drape using the antiseptic chlorhexidine gluconate (CHG). Dublin, Ohio-based Cardinal Health’s surgical drape includes Avery Dennison Medical’s patented BeneHold CHG adhesive technology designed to reduce the risk of contamination with organisms typically associated with surgical site infections. The company said it designed […]
Medtech Color names 10 finalists in 2022 Pitch Competition
Medtech Color recently announced the top 10 finalists for its 2022 Pitch Competition. The Medtech Color 2022 Pitch Competition is a foundational start for medical technology, early-stage startups creating innovative technologies. It focuses on startups led by Black and Brown founders to showcase products and services that directly benefit patients. Get the full story on […]
3M expects single-digit growth in 2022 as disposable respirator demand slows
3M (NYSE:MMM) today told investors that it is projecting single-digit growth for the 2022 fiscal year as respirator mask demand slows. The Maplewood, Minnesota-based manufacturing and material science giant said in its Virtual Strategic Update that it expects organic sales growth in the range of 2% to 5% for this fiscal year. It estimates earnings to […]
FDA clears Chemence Medical’s new wound closure pen
Chemence Medical announced today that the FDA cleared its Exofin precision pen as a medical device for wound closure. Alpharetta, Georgia-based Chemence said in a news release that the Exofin precision pen offers more versatility and exactness in closing wounds while also improving the ease of use in applying topical skin adhesive. It is available […]
Sanara MedTech appoints new CEO
Sanara MedTech (NSDQ:SMTI) announced today that it appointed Zachary B. Fleming as its new CEO, effective Jan. 1, 2022. Fort Worth, Texas-based Sanara, formerly known as Wound Management Technologies, develops wound and skincare products for the wound care and surgical tissue repair markets. “I am proud of what our team has accomplished to date for […]
Klox Technologies’ LumiHeal scar management system wins de novo clearance
Klox Technologies announced today that it received FDA de novo clearance for its LumiHeal scar management system. Laval, Quebec-based Klox designed LumiHeal to provide fluorescent and blue light to post-surgical incisions for scar management. The company touts it as the first fluorescent light energy (FLE)-based device cleared by the FDA. The first-in-class, non-invasive, non-thermal platform […]
BD acquires surgical sealant maker Tissuemed
BD (NYSE:BDX) announced today that it acquired self-adhesive surgical sealant film developer Tissuemed for an undisclosed amount. Franklin Lakes, New Jersey-based BD’s acquisition of the Leeds, United Kingdom-based company aims to expand global offerings for surgeons outside the U.S. with Tissuemed’s lead product, Tissuepatch. Tissuemed designed Tissuepatch as a proprietary sealant technology that bonds tissue […]
Convatec warns on some Avelle negative pressure wound therapy pumps
Convatec issued an urgent field safety notice in Europe to warn of issues with its Avelle negative pressure wound therapy (NPWT) pump. The Avelle pump is a battery-powered device for use on patients that would benefit from a NPWT device with a low-to-moderately-exuding wound, such as chronic wounds like leg ulcers, acute wounds, dehisced wounds, […]
5 startups chosen for Boston Scientific-sponsored gBETA Medtech Black Founder Accelerator program
The gBETA Medtech Gener8tor announced five startups set to participate in its gBETA Medtech Black Founder Accelerator Fall 2021 cohort. According to a news release, the Fall 2021 cohort makes history as the first gBETA Medtech program specifically for Black founders and as the first cohort to receive grant funding, with each of the five […]
