ConMed (NSDQ:CNMD) said today that it closed its $365 million acquisition of Buffalo Filter from the Filtration Group. Buffalo Filter develops and produces surgical smoke evacuation technologies, including smoke evacuation pencils, smoke evacuators and laparoscopic solutions, ConMed said. Utica, N.Y.-based ConMed said that it funded the transaction through a combination of convertible notes and an expanded and […]
ConMed Corp.
ConMed prices $300m debt offering
ConMed (NSDQ:CNMD) yesterday priced a debt offering worth $300 million, saying it plans to use the proceeds to pay down some of its hedges and to cover the cost of an acquisition. The Utica, N.Y.-based company said the offering, of 2.625% convertible senior notes due in 2024, also includes a 13-day option for another $45 million […]
ConMed beats The Street with Q4 numbers, readies $275m debt offering
ConMed (NSDQ:CNMD) yesterday reported fourth-quarter numbers that topped the consensus forecast on Wall Street, but missed the mark for its full-year results. The Utica, N.Y.-based company posted profits of $15.6 million, or 54¢ per share, on sales of $242.4 million for the three months ended Dec. 31, 2018, for a bottom-line slide of -66.5% on […]
ConMed to acquire Buffalo Filter for $365m
ConMed (NSDQ:CNMD) said today that it inked a deal to acquire surgical smoke evacuation tech developer Buffalo Filter for $365 million. Buffalo Filter develops and produces surgical smoke evacuation technologies, including smoke evacuation pencils, smoke evacuators and laparoscopic solutions, ConMed said. Utica, N.Y.-based ConMed said that it expects to finance the transaction through a combination of […]
The best places to work for medtech sales reps
ConMed, Teleflex and Medtronic top the list of best places to work in medical device sales in the coming year, according to a MedReps.com survey of medical sales representatives. MedReps surveyed 800 medical sales professionals to get a better understanding of what employees look for in employers and how satisfied they were with their jobs. About […]
ConMed Q3 sales beat The Street
ConMed (NSDQ:CNMD) today posted third quarter earnings that met EPS expectations on Wall Street and topped sales consensus. The Utica, N.Y.-based company posted profits of $5.8 million, or 20¢ per share, on sales of $202.3 million for the three months ended September 30, seeing profits shrink 19.1% while sales grew 6.4% compared with the same period […]
ConMed posts Street-beating Q2
ConMed (NSDQ:CNMD) today posted second quarter earnings that beat Wall Street expectations and lifted its sales growth guidance for the remaining year. The Utica, N.Y.-based company posted profits of $212.8 million, or 30¢ per share, on sales of $8.7 million for the three months ended June 30, for bottom-line growth of 42% on sales growth of 7.9% […]
Patent board invalidates SurgiQuest patent in Lexion spat
ConMed (NSDQ:CNMD) subsidiary SurgiQuest lost an intellectual property spat with Lexion Medical last week when a U.S. patent board invalidated a trocar patent. SurgiQuest sued Lexion last year, alleging infringement of patent no. 9,095,372B2, covering a “system and method for improved gas recirculation in surgical trocars with pneumatic sealing,” by Lexion’s line of Insuflow Synergy […]
ConMed shares rise on beat-and-raise Q1
Shares in ConMed (NSDQ:CNMD) have risen today after the medical device maker beat expectations on Wall Street with its first quarter earnings results. The Utica, N.Y.-based company posted profits of $10.7 million, or 37¢ per share, on sales of $202.1 million for the three months ended March 31, seeing a swing from red ink on the […]
Conmed’s Q4, 2017 profits surge on tax gain
Fourth-quarter and full-year profits surged for ConMed (NSDQ:CNMD) thanks to the tax reforms passed last year, as the medical device maker posted Street-beating sales and earnings numbers. Utica, N.Y.-based Conmed yesterday reported profits of $46.7 million, or $1.65 per share, on sales of $222.6 million for the three months ended Dec. 31, 2017. That’s a […]
Cerner taps former head of Philips North America to take over corner officer | Personnel Moves January 11, 2018
Cerner Corp. (NSDQ:CERN) said yesterday that it named Brent Shafer to serve as chairman & CEO effective Feb. 1. Shafer previously served as CEO of Philips‘ (NYSE:PHG) North America business. Cerner’s co-founder Cliff Illig has been serving as interim CEO and chairman of the board since July last year. Illig said he plans to resume […]
