
Smith & Nephew buys outs Colombian distributor
March 4, 2015 by Brad Perriello
Smith & Nephew said yesterday that it acquired its exclusive distributor for Colombia, EuroCiencia Colombia, for an undisclosed amount.
EuroCiencia, which employs about 150 workers, has sold British health products giant Smith & Nephew’s products in Colombia since 2006, according to a press release. Read more
Updated: Matchmaking for medtech, Greenberg Traurig looks to bring companies together
March 5, 2015 by Brian Johnson
You can’t do M&A without a little meet & greet.
“People see the headlines about M&A, investment and partnering deals, but they don’t appreciate the networking and diligence that starts the dialogue,” David Dykeman, patent attorney and co-chair of Greenberg Traurig’s Global Life Sciences & Medical Technology Group, told MassDevice.com. “Often, today’s deals started with an introduction a few years ago.” Read more
Zimmer releases post-Biomet merger numbers
March 10, 2015 by Brad Perriello
Zimmer today said its pending, $13.35 billion combination with Biomet will result in an entity that throws off annual profits of nearly $850 million on sales of about $8 billion.
Warsaw, Ind.-based Zimmer released a pro-forma financial estimate of the post-merger company, projecting profits of $849.4 million, or $4.16 per share, on sales of $7.95 billion. Read more