Say hello to MassDevice +3, a bite-sized view of the top three medtech stories of the day. This feature of MassDevice.com’s coverage highlights our 3 biggest and most influential stories from the day’s news to make sure you’re up to date on the headlines that continue to shape the medical device industry.

 

3. Biomet CEO: Medtech helps curb healthcare costs

MASSDEVICE ON CALL — Recent data exposures from the Centers for Medicare & Medicaid have raised eyebrows about the cost of U.S. healthcare and variability among care providers, but Biomet CEO Jeffrey Binder insists that medical devices are not to blame.

In a new editorial written for Philly.com, Binder defended the industry and its role in the ever-rising cost of U.S. healthcare, writing that medtech more often helps curb costs by keeping people healthier longer and out of the hospital. Read more

2. Report: Deals in the medical device sector rose 200% in Q1

Acquisition activity among medical device companies surged some 200% by value and 111% by volume during the 1st quarter compared with the same period last year, with medtech firms seeking both tuck-ins and more transformative deals aimed at navigating the new healthcare landscape, according to a PricewaterhouseCoopers report.

There were 19 acquisition deals worth roughly $2 billion during the quarter, according to the PwC report, “Pharmaceutical and Life Sciences Deals Insights Quarterly.” Read more

1. Report: Medtronic to pay $150M for wearable sensor maker Corventis

Medical device industry giant Medtronic is reportedly in talks to acquire wearable sensor maker Corventis in a deal worth upward of $150 million, according to a report from MobiHealthNews.

The companies have yet to announce any agreement, but the report claims news of the acquisition will be made in the coming weeks. Read more