Cantel Medical (NYSE:CMD) said today that it acquired dental water treatment, purification and management solution company Vista Research Group for $10.5 million. In the deal, Cantel said it will pay $7 million upfront with an additional $3.5 million to be paid based on performance-based milestones over a two-year period, the Little Falls, N.J.-based company said. “We’re […]
Cantel Medical’s fiscal Q1 earnings meet The Street, but sales miss
Fiscal first-quarter earnings for Cantel Medical (NYSE:CMD) equaled the consensus forecast on Wall Street, but the medical device company miss the mark with its top-line number. Little Falls, N.J.-based Cantel posted profits of $19.2 million, or 46¢ per share, on sales of $225.6 million for the three months ended Oct. 31, for a bottom-line slide of […]
CardioMech taps medtech vet Nehm for CEO | Personnel Moves, November 5, 2018
CardioMech taps medtech veteran Nehm for CEO Swedish mitral valve repair company CardioMech said today that it named medical device industry veteran Richard Nehm as president & CEO effective immediately. Nehm’s resume includes stints at Boston Scientific (NYSE:BSX), Abbott (NYSE:ABT) acquisition Tendyne and ATS Medical (acquired by Medtronic (NYSE:MDT)). CardioMech also named Spinal Stabilization Technologies president […]
Cantel Medical slides in Q4 earnings miss
Cantel Medical (NYSE:CMN) shares came under pressure today after the medical device company missed expectations with its fiscal fourth-quarter and full-year earnings. Little Falls, N.J.-based Cantel posted profits of $16.9 million, or 41¢ per share, on sales of $228.9 million for the three months ended July 31, for flat profit growth on an 11.4% top-line gain […]
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 […]
Cantel Medical to consolidate Minnesota operations
Cantel Medical (NYSE: CMD) recently purchased an office building in Plymouth, Minn., where it will consolidate four of its locations. The new, four-story, 159,000-square-foot building can accommodate up to 600 employees, according to the Little Falls, NJ-based company. “We are excited to purchase a new building to provide more space and capacity for our growing organization,” said […]
Cantel Medical pays $17m for Stericycle’s clean room biz
Cantel Medical (NYSE:CMN) said today that it paid $17 million in cash to buy the clean room maintenance business from Stericycle (NSDQ:SRCL). The controlled environmental solutions business consists of the B&V Testing and Certco services, which provide testing & certification, environmental monitoring and decontamination services for clean rooms and other controlled environments. The CES business put up […]
Cantel Medical wins FDA nod for Advantage Plus endoscope reprocessor
Cantel Medical (NYSE:CMD) said today it won FDA 510(k) clearance for its Advantage Plus pass-thru automated endoscope reprocessor, making it the first AER available in the US, the company claims. The newly cleared device is designed for the high-level disinfection of commonly used endoscopes, including duodenoscopes, the Little Falls, N.J.-based company said. “We strive to deliver real life […]
Cantel Medical picks up healthcare software dev Aexis Medical for $25m
Cantel Medical (NYSE:CMD) said today it acquired Belgium-based healthcare software developer Aexis Medical in a deal worth $24.8 million. Through the deal, Little Falls, N.J.-based Cantel Medical will pay $21.1 million up front and $3.7 million in an earnout structure slated to pay out at two-years after the deal closes. Aexis Medical develops integrated information technology solutions […]
Cantel Medical’s fiscal Q2 beats expectations
Cantel Medical (NYSE:CMD) beat the consensus forecast with its fiscal second-quarter results today, but received a tepid reaction on Wall Street. Little Falls, N.J.-based Cantel posted profits of $32.5 million, or 78¢ per share, on sales of $213.0 million for the three months ended Jan. 31, for a bottom-line gain of 79.8% on sales growth of […]
Cantel Medical closes $61m BHT buyout
Cantel Medical (NYSE:CMN) said today that it closed its $60.8 million acquisition of German endoscope reprocessor BHT Hygienetechnik Holding. Gersthofen, Germany-based BHT, which employs about 100 people, put up sales of abut $24.5 million last year, according to Little Falls, N.J.-based Cantel. “Establishing leadership in our international markets is a key component of our strategy and this […]
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