Analogic this week escaped a class action lawsuit brought over its $1.1 billion go-private sale to Altaris Capital when a Massachusetts federal judge dismissed the case with prejudice. The $84-per-share deal for Peabody, Mass.-based Analogic, which closed in June 2018, followed an internal review in which the company contacted approximately 75 potential financial and strategic […]
Analogic escapes Labor Dept. suit over alleged pay discrimination
A U.S. Labor Dept. judge last week dismissed a suit the agency brought against Analogic over alleged pay discrimination. The Labor Dept. sued Analogic in October 2016, alleging that it paid female assembly workers at its Peabody, Mass., headquarters less than their male counterparts after a compliance review by its Office of Federal Contract Compliance Programs. […]
Medtech M&A remains hot: Here’s how
M&A in medtech show no signs of slowing in the fourth quarter of 2018, and companies looking to buy or sell have much to consider, according to patent attorney David Dykeman, a shareholder in the Boston office of the global law firm Greenberg Traurig. The number of medtech M&A deals soared by 50% in 2017 and […]
What you should know about today’s top trends in medtech
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 […]
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