Owens & Minor (NYSE:OMI) announced that it entered into an equity distribution agreement for a common stock offering worth up to $50 million. The Mechanicsville, Va.-based company’s agreement is with Citigroup Global Markets and includes its common stock at a par value of $2 per share that could total $50 million. Citigroup will also receive a […]
MASSDEVICE ON CALL —China’s medical device market is set to grow 17% in 2012, according to a Citigroup hospital survey.
Major medical equipment in the Chinese market include medical monitors and life support, diagnostic imaging, in vitro diagnostics and therapeutic systems.
Medical device investment deals got fatter and less frequent during the second quarter, as the value of deals grew 9 percent but their number slid 17 percent, according to PricewaterhouseCoopers.
Backers pumped $841 million into med-tech firms with 90 deals during the three months ended June 30, according to the consulting firm’s MoneyTree report. That’s up 26 percent and 3 percent, respectively, over the first quarter. The industry’s share of the venture capital cash spend on life sciences last quarter ticked down to 40 percent, however, compared with Q1 numbers.