Medtech’s hottest topics in M&A, intellectual property, finance and regulation will be on the agenda at DeviceTalks Boston Oct. 8-11. Patent attorney David Dykeman from the Boston office of the global law firm Greenberg Traurig will moderate the Oct. 9 hot topics panel in which the discussion will center around: · M&A trends from the perspective of […]
Natus Medical lifts Kennedy to the corner office | Personnel Moves – July 17, 2018
Natus Medical (Nasdaq: BABY) said last week that its current CEO Jim Hawkins is retiring from their position, with current chief financial officer Jonathan Kennedy slated to take over as prez & chief exec. Kennedy has operated as CFO since April 2013, while the retiring Hawkins spent 14 years as the chief exec, the Pleasanton, Calif.-based company said. […]
Altaris Capital closes $1B Analogic buyout
Altaris Capital Partners closed the $1 billion buyout of Analogic (NSDQ:ALOG), the companies said last week. The $84-per-share deal for Peabody, Mass.-based Analogic, announced in April, is worth roughly $1.1 billion. The acquisition passed its first hurdle in the sale late in April, when the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Act. […]
Analogic shareholders approve $1B go-private deal with Altaris
The $1 billion go-private deal between Analogic (NSDQ:ALOG) and private equity shop Altaris Capital Partners is slated to close tomorrow now that Analogic’s shareholders have approved the deal. Peabody, Mass.-based Analogic said that the $84-per-share deal, announced in April, is worth roughly $1.1 billion. The acquisition passed its first hurdle in the sale late in April, when the […]
Analogic’s BK Ultrasound launches bkSpecto urology ultrasound system
Analogic (NSDQ:ALOG) said last Friday that its BK Ultrasound biz launched the bkSpecto urology ultrasound system. The newly launched bkSpecto system is designed for clinical use and uses auto-optimization algorithms to improve processing and increase anatomical imaging detail, the Peabody, Mass.-based company said. The system uses a touch-based interface and includes tactile feedback, Analogic added. “bkSpecto […]
Analogic shareholder suit seeks to block $1B sale to Altaris
A group of Analogic (NSDQ:ALOG) shareholders filed a suit looking to block the company’s $1 billion go-private sale to Altaris Capital Partners, according to court documents posted this week. Plaintiffs in the deal, led by Steve Barta, claim that Analogic did not supply shareholders with appropriate material “necessary to allow them to make an informed decision […]
Analogic $1B go-private sale to Altaris clears first hurdle
Analogic (NSDQ:ALOG) said today it passed the first hurdle in its proposed $1 billion go-private sale to Altaris Capital Partners, announcing that it received notice from the US FTC that it was granted early termination of the waiting period under Hart-Scott-Rodino Antitrust Improvements act of 1976. The grant was one step of many the companies will […]
Analogic to go private in $1B sale to Altaris
Analogic (NSDQ:ALOG) said today it inked a $1.1 billion go-private deal with Altaris Capital Partners. Peabody, Mass.-based Analogic said that Altaris will offer $84 per share in the deal, which has already been unanimously approved by Analogic’s board of directors. “Analogic has a rich history of developing advanced technologies that have enabled innovation in medical imaging and […]
Analogic jumps after fiscal Q2 numbers blow past estimates
Analogic (NSDQ:ALOG) shares jumped today in pre-market trading after the imaging equipment maker posted fiscal second-quarter numbers that blew past the consensus forecast. Peabody, Mass.-based Analogic, which late last year announced plans to pursue the sale of the company, posted profits of $6.5 million, or 52¢ per share, on sales of $126.7 million for the three […]
These 10 medtech companies care a lot about research
Among the world’s largest medtech companies, these 10 spent the largest portion of their budgets on research and development. So what have they produced? Every year, Medical Design & Outsourcing pulls financial regulatory filings and reaches out to major, companies in some cases to create a list of the 100 largest medical device companies in […]
Oncura Partners shareholders sue Analogic over claimed fraudulent acquisition scheme
Former Oncura Partners owners are seeking more than $24 million in a suit against Analogic (NSDQ:ALOG), claiming it engaged in a fraudulent scheme to avoid paying for Oncura after agreeing to acquire it in January 2016. In the suit, filed July 31, Oncura owners claim that Analogic agreed to pay for their shares in the business […]
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