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Cantel Medical Corp.

Baxter, 3M, Abbott near the top of Newsweek’s most responsible companies list

December 3, 2021 By Sean Whooley

Several medtech, healthcare and life sciences companies, including big names like Abbott (NYSE:ABT), 3M (NYSE:MMM) and Baxter (NYSE:BAX), are among the 500 “most responsible,” according to Newsweek. The outlet published its “America’s Most Responsible Companies 2022” list, marking the third installment of the compilation (in partnership with Statista), this time expanded to include 500 of […]

Filed Under: Business/Financial News, Featured, News Well Tagged With: 3m, Abbott, Amerisource Bergen, Avanos Medical (formerly Halyard Health), Baxter, BD, Biogen, Boston Scientific, Cantel Medical Corp., Cardinal Health, Edwards Lifesciences, Gilead Sciences, Henry Schein, Hillrom, Hologic, Illumina Inc., Insulet, LabCorp, Merck, Pfizer, Quest Diagnostics Inc., ResMed, Thermo Fisher Scientific, Varex Imaging, Varian Medical Systems

Steris beats The Street, announces leadership change

February 3, 2021 By Nancy Crotti

Steris (NYSE:STE) beat The Street on both sales and profits in its fiscal third quarter and announced that CEO Walt Rosebrough will step down July 29, 2021. The Dublin, Ireland-based sterilization and surgical products company posted profits of $114.5 million or $1.33 per share, on sales of $808.9 million for the three months ended Dec. 31, […]

Filed Under: Business/Financial News, Sterilization / Calibration, Wall Street Beat Tagged With: Cantel Medical Corp., Key Surgical, Steris Corp.

Medtechs can’t set digital strategies aside – DTW Podcast

January 19, 2021 By Tom Salemi

Digital connectivity no longer belongs in the final slides of a medtech company’s pitch deck. In the latest DeviceTalks Weekly podcast, three leaders pushing for connected medical devices explain the need to incorporate data collection and monitoring functionality in new devices. Scott Huennekens, who advanced the “digital surgery” strategy when he helped launch Verb Surgical, […]

Filed Under: Device Talks Podcasts, Digital Health, Featured, Health Information Technology, Robotics, Surgical Tagged With: Abbott Laboratories, BrightInsight, Cantel Medical Corp., Corindus Vascular Robotics, Johnson and Johnson, Steris Corp., Theranos, Verb Surgical

MedTech 100 roundup: Finally a dip as industry stays relatively strong

January 19, 2021 By Sean Whooley

After three consecutive weeks of record-breaking numbers, medtech industry stocks finally fell backward over the past seven days. MassDevice‘s MedTech 100 index finished last week at 105.8 (Jan. 15), marking a -0.95% drop from the 106.81 points (the highest ever total for the index) registered at the end of the week prior (Jan. 8). Medtech’s […]

Filed Under: Business/Financial News, Featured, Funding Roundup, MassDevice Earnings Roundup, Mergers & Acquisitions, Wall Street Beat Tagged With: becton dickinson, Boston Scientific, Cantel Medical Corp., coronavirus, COVID-19, MedTech 100 Index, Steris Corp., TransEnterix

BREAKING: Steris to acquire Cantel Medical in $4.6B deal

January 12, 2021 By Chris Newmarker

Steris (NYSE:STE) announced today that it will acquire Cantel Medical (NYSE:CMD) for $4.6 billion — a major merger in the infection prevention space. The deal is expected to close by June 30, pending customary closing conditions, regulatory approvals and an OK by Cantel shareholders. News of the merger comes a month and a half after Steris closed […]

Filed Under: Business/Financial News, Contract Manufacturing, Featured, Mergers & Acquisitions, Sterilization / Calibration Tagged With: Cantel Medical Corp., Steris Corp.

Cantel Medical skyrockets on Street-beating Q1

December 8, 2020 By Sean Whooley

Cantel Medical (NYSE:CMD) shares skyrocketed today on first-quarter results that comprehensively topped the consensus forecast. Shares of CMD were up 13.6% at $69.99 per share in mid-morning trading today. The Little Falls, N.J.-based company posted profits of $24.5 million, or 57¢ per share, on sales of $297 million for the three months ended Oct. 31, 2020, […]

Filed Under: Business/Financial News, Dental, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Cantel Medical Corp., Hu-Friedy

Cantel Medical names new chief technology officer

October 1, 2020 By Sean Whooley

Cantel Medical (NYSE:CMD) announced today that it hired Michael Drexel as its senior VP and chief technology officer. Little Falls, N.J.-based Cantel’s new hire will report to the company’s CEO, George Fotiades, and will operate out of Plymouth, Minn., according to a news release. Drexel’s primary responsibilities in his roles include driving R&D, oversight and leadership […]

Filed Under: Business/Financial News Tagged With: Cantel Medical Corp., Personnel Moves

Cantel Medical dips despite Street-beating Q4

September 17, 2020 By Sean Whooley

Cantel Medical (NYSE:CMD) shares took a hit today despite fourth-quarter results that topped the consensus forecast. The Little Falls, N.J.-based infection prevention products and services company posted losses of -$2.3 million, or -5¢ per share, on sales of $233.4 million for the three months ended July 31, 2020, for a bottom-line slide into the red on […]

Filed Under: Business/Financial News, Dental, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Cantel Medical Corp.

Cantel Medical names new president

August 3, 2020 By Danielle Kirsh

Cantel Medical (NYSE:CMD) today said it has appointed Peter Clifford as president and chief operating officer. Clifford previously served as executive VP of the company and will continue to report to CEO George Fotiades under his new role. “Over the past sixteen months, Peter has distinguished himself as executive VP and COO. He has demonstrated exceptional […]

Filed Under: Business/Financial News Tagged With: Cantel Medical Corp.

MedTech 100 roundup: Stocks stand pat in June’s first week

June 8, 2020 By Sean Whooley

While the markets experienced some growth over the past week, stocks in the medtech industry remained practically unchanged over seven days. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — sat at 87.15 points at the end of last week (June 5). That total represents just a -0.02-point decrease […]

Filed Under: Business/Financial News, Featured, Funding Roundup, MassDevice Earnings Roundup, Research & Development, Wall Street Beat Tagged With: Abbott, becton dickinson, Cantel Medical Corp., coronavirus, COVID-19, MedTech 100 Index, Medtronic, Owens and Minor, Titan Medical Inc.

Cantel Medical up on Street-beating Q3

June 4, 2020 By Sean Whooley

Cantel Medical (NYSE:CMD) shares ticked up today on third-quarter financial results that came in ahead of the consensus forecast. The Little Falls, N.J.-based infection prevention products and services company posted profits of $15.8 million, or 37¢ per share, on sales of $236.9 million for the three months ended April 30, 2020, for a 93.1% bottom-line gain […]

Filed Under: Business/Financial News, Dental, Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Cantel Medical Corp., coronavirus, COVID-19, Hu-Friedy

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