ConMed (NSDQ:CNMD) said today that it closed the acquisition of SurgiQuest, which makes the AirSeal device for use in minimally invasive abdominal surgeries. The $265 million deal, announced just a week after Milford, Conn.-based SurgiQuest filed for a $75 million initial public offering last November, was funded with a $175 million term loan and a $525 million credit revolver. Utica, N.Y.-based […]
ConMed Corp.
Conmed acquires KFx’s AppianFx soft tissue fixation device
KFx Medical said today that ConMed (NSDQ:CNMD) acquired its AppianFx soft tissue fixation device for an undisclosed amount. “The AppianFx system fits perfectly within the broad sports medicine Conmed product line,” KFx president & CEO Tate Scott said in prepared remarks. “We are pleased to see this remarkable product get the broader exposure possible from the Conmed […]
ConMed to drop $265m on SurgiQuest
ConMed (NSDQ:CNMD) said it agreed to pay $265 million to acquire SurgiQuest, which just last week filed for an initial public offering. Milford, Conn.-based SurgiQuest makes the AirSeal device for use in minimally invasive abdominal surgeries. AirSeal is designed to insufflate the rectum and provide continuous smoke evacuation. ConMed, which is based in Utica, N.Y., said […]
Retaliation claims stand in ex-rep’s suit against ConMed
The retaliation claim leveled against ConMed (NSDQ:CNMD) by a former sales rep who accused the company of firing him because he’s Iranian-American can stand, a federal appeals court ruled yesterday, but found that a lower court’s dismissal of a discrimination claim can also stay on the books. Reza Yasdian was a territory manager for ConMed’s endoscope […]
Ex-ConMed exec is Interventional Spine’s new Darling | Personnel Moves
Interventional Spine said it has tagged ex-ConMed executive and 25-year medical veteran Joseph Darling as its new vice president and COO. Darling spent 7 years with ConMed, serving as the COO, executive veep and prez of ConMed Linvatec until February this year. Before his time at ConMed, Darling worked with Smith & Nephew, Wyeth-Ayerst Pharmaceuticals, Baxter […]
ConMed ripe for M&A | The week in medtech M&A
Analyst: ConMed ripe for M&A spree May 19, 2015 by Fink Densford ConMed, in the middle of an under-appreciated turnaround, could be poised to augment its growth via selective acquisitions, according to Leerink Partners analyst Richard Newitter. Newitter, who upgraded CNMD shares to “outperform” and boosted the price target to $64 from $60, wrote in […]
Analyst: ConMed ripe for M&A spree
ConMed (NSDQ:CNMD), in the middle of an under-appreciated turnaround, could be poised to augment its growth via selective acquisitions, according to Leerink Partners analyst Richard Newitter. Newitter, who upgraded CNMD shares to "outperform" and boosted the price target to $64 from $60, wrote in a note to investors yesterday that ConMed’s "turnaround and 2-3 yr […]