Synthes still looks like a good bet | Earnings Roundup

August 9, 2011 By MassDevice staff Leave a Comment

While two mega-suitors battled over Synthes, the Swiss medical giant was busy boosting sales and reporting health growth in earnings.

Synthes saw 11 percent growth in revenues during the three months ended June 30, posting $992 million in sales compared to $892 million during the same period last year.

While the company doesn’t break down its financials further for the quarter, its six-month report shows 7 percent growth in earnings to $454 million, or $3.83 per diluted share, compared to $425 million, or $3.58 per diluted share during the first half of 2010.

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Henry Schein Q1 profits rise 26 percent on healthy bump in sales | Earnings roundup

May 4, 2011 By MassDevice staff Leave a Comment

MassDevice keeps a close eye on public medical device companies, tracking their quarterly sales and earnings reports. For the most recent filings, check out our Earnings Roundup, where we collect each quarter’s reports.

Here’s a quick rundown of a few releases over the past couple days:

Henry Schein adds luster to strong 2010 with record Q4 | Earnings roundup

February 23, 2011 By MassDevice staff Leave a Comment

Here’s a quick rundown of a few releases over the past couple days:

Caldera Medical taps former exec to lead global sales | Personnel moves

February 19, 2011 By MassDevice staff Leave a Comment

Here’s the latest personnel changes from medical device, diagnostics and life science companies around the nation. For more recent hirings and firings, check out MassDevice’s compilation of the latest personnel moves.

CardioNet closes Biotel buyout

December 22, 2010 By MassDevice staff Leave a Comment

CardioNet Inc. (NSDQ:BEAT) closed its acquisition of Eagan, Minn.-based Biotel Inc. (OTC:BTEL).

The Conshohocken, Pa.-based wireless cardiac device maker picked up Biotel for $4.06 per share, for an aggregate purchase price of roughly $11.6 million, according to CardioNet.

CardioNet beats shareholder lawsuit

August 12, 2010 By MassDevice staff Leave a Comment

CardioNet Inc. (NSDQ:BEAT) won a lawsuit filed against it by shareholders last year, accusing the mobile cardiac monitoring firm of misleading investors about Medicare reimbursement.

Judge Stewart Dalzell of the U.S. District Court for Eastern Pennsylvania granted Conshohocken, Pa.-based CardioNet’s move to dismiss the case August 10, calling on each aprty to bear its own legal costs.

CardioNet swings to Q4 losses

February 19, 2010 By MassDevice staff Leave a Comment

CardioNet Inc. (NSDQ:BEAT) posted fourth-quarter sales of $33.3 million for the three months ended Dec. 31, 2009, down 3.3 percent compared with $34.4 million during the same period in 2008. Net losses were $15.9 million, compared with net income of $6.9 million during Q4 2008: