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CAS Medical Systems Inc.

Edwards Lifesciences closes $98m CAS Medical Systems buyout

April 19, 2019 By Brad Perriello

Edwards Lifesciences (NYSE:EW) yesterday closed the $98 million acquisition of CAS Medical Systems and its non-invasive brain tissue oxygenation monitoring tech. Irvine, Calif.-based Edwards paid $2.45 per share for Branford, Conn.-based Casmed using cash on hand, for an aggregate value of $98.1 million, Casmed said in a regulatory filing. The deal was announced Feb. 12. The […]

Filed Under: Cardiovascular, Featured, Mergers & Acquisitions, Patient Monitoring, Wall Street Beat Tagged With: CAS Medical Systems Inc., Edwards Lifesciences

Edwards Lifesciences to acquire Casmed for $100m

February 12, 2019 By Fink Densford

Edwards Lifesciences (NYSE:EW) said today that it inked a deal to acquire CAS Medical System (NSDQ:CASM) and its non-invasive brain tissue oxygenation monitoring tech for approximately $100 million. Irvine, Calif.-based Edwards said that it will pay $2.45 per share of common stock of Branford, Conn.-based Casmed in the all-cash deal. Edwards said that it currently has a pending FDA […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, Wall Street Beat Tagged With: CAS Medical Systems Inc., Edwards Lifesciences

Abiomed jumps on fiscal Q3 prelims, raised outlook | Wall Street Beat

January 7, 2019 By Brad Perriello

Abiomed (NSDQ:ABMD) shares got a jump today from its preliminary fiscal third-quarter numbers and an improved outlook for the rest of its fiscal year. The Danvers, Mass.-based heart pump maker said it expects to post fiscal Q3 sales of roughly $200.6 million, representing a 30.3% increase over its fiscal Q3 top line. Abiomed also raised […]

Filed Under: Featured, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Abiomed, Cardiovascular Systems Inc., CAS Medical Systems Inc., Nuvasive, wrightmedical

CasMed sells non-invasive BP tech to Suntech Medical for $5m

July 27, 2017 By Fink Densford

CAS Medical System‘s (NSDQ:CASM) said yesterday it sold its non-invasive blood pressure monitoring tech portfolio for approximately $4.5 million to SunTech Medical. Through the deal, Branford, Conn.-based CasMed will be eligible for up to an additional $2 million in cash based on sales achievements through June 2019. CasMed said it will provide transition services as the portfolio […]

Filed Under: Business/Financial News, Diagnostics, Mergers & Acquisitions Tagged With: CAS Medical Systems Inc.

Trinity Medical picks up CasMed’s neonate disposables for $3m

March 30, 2016 By Brad Perriello

Trinity Medical Devices said yesterday that it paid $3.35 million for CAS Medical System‘s (NSDQ:CASM) line of neonatal intensive care disposables. The deal includes a an additional $400,000 milestone pegged to sales targets over the next 12 months, Parsippany, N.J.-based Trinity said. “I can’t express enough how pleased we are to complete this transaction,” CEO John Easom said in prepared remarks. […]

Filed Under: Hospital Care, Mergers & Acquisitions Tagged With: CAS Medical Systems Inc., Trinity Medical Devices

Report: AdvaMed CEO Ubl to leave for top spot at PhHRMA | Personnel Moves

September 23, 2015 By Brad Perriello

Steve Ubl, the longtime CEO at medical device lobby AdvaMed, is reportedly leaving the organization after 17 years to take the top spot at the pharmaceutical industry’s largest trade group, the Pharmaceutical Research and Manufacturers of America or PhRMA. The Hill, citing an unnamed source, said that Ubl “will more than likely” take over as […]

Filed Under: Wall Street Beat Tagged With: Acutus Medical, AdvaMed, CAS Medical Systems Inc., Cianna Medical, Cochlear Ltd., Cogmedix, dextera, Hologic, Intuitive Surgical, Medtronic, Minnesota Public Radio, Misonix, Personnel Moves, Sonendo, Spinal Modulation, SpineFrontier, Trans1, Valencia Technologies, Volcano Corp.

Guidant loses bid to drop breach-of-contract in JNJ lawsuit | Medtech legal news for the week of July 14, 2014

July 14, 2014 By MassDevice Leave a Comment

Guidant can't slip breach-of-contract charges in Johnson & Johnson suit

July 8, 2014 by Brad Perriello

Filed Under: Legal News, News Well Tagged With: Abbott, ArthroCare Corp., becton dickinson, Biomet, Boston Scientific, CAS Medical Systems Inc., Covidien, Guidant Corp., Johnson and Johnson, Legal Roundup, Nellcor, Public Company Accounting Oversight Board, Retractable Technologies Inc., Securities & Exchange Commission (SEC), U.S. Justice Dept. (DOJ)

Covidien’s Nellcor and CAS Medical settle dispute for $275k

July 7, 2014 By Arezu Sarvestani Leave a Comment

Covidien's Nellcor and CAS Medical settle dispute for $275k

Filed Under: Legal News, News Well, Patent Infringement Tagged With: CAS Medical Systems Inc., Covidien, Deals Roundup, Nellcor

CAS Medical wins a legal round against Covidien’s Nellcor

August 12, 2013 By Brad Perriello Leave a Comment

MassDevice.com Legal News

Filed Under: Legal News, News Well, Patent Infringement, Patient Monitoring Tagged With: CAS Medical Systems Inc., Covidien, Nellcor

Venture capital survey reveals expectations gap between CEOs, VCs | Wall Street Beat

July 23, 2013 By Brad Perriello Leave a Comment

MassDevice.com Wall Street Beat

A survey of 158 CEOs and 216 venture capital firms revealed a large gap between the chief executives’ wish list for potential backers and what VCs think the CEOs want.

Startup CEOs in the IT and life science industries want VCs who are "entrepreneur friendly" and "collaborative" without being too hands-on in their approach, according to a survey sponsored by the National Venture Capital Assn.

Filed Under: Digital Health, Funding Roundup, MassDevice Earnings Roundup, Mergers & Acquisitions, News Well Tagged With: 2013, Berkery Noyes, CAS Medical Systems Inc., Hansen Medical Inc., MiMedx Group Inc., National Venture Capital Assn., Q2

Legal News: Covidien’s Nellcor subsidiary sues CasMed

August 17, 2012 By MassDevice staff Leave a Comment

MassDevice.com Legal News

Filed Under: Legal News, News Well Tagged With: CAS Medical Systems Inc., Covidien, GE Healthcare, Legal Roundup, Masimo, Mindray Medical International Ltd., Nellcor, Nuvasive

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