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Schellhorn out, Emerson in as Monteris CEO | Personnel Moves July 25, 2016

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Schellhorn out, Emerson in as Monteris CEO Monteris Medical said last week it tapped ex-Galil Medical prez & CEO Martin Emerson as its new president and chief executive officer, replacing John Schellhorn who left earlier this year. Emerson spent 8 years as prez & CEO of Galil Medical, which was acquired in June this year […]

BTG puts up $110m for Galil Medical

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BTG (LON:BTG) said it agreed to put a total of $110 million on the table for Galil Medical and its line of cryoablation devices for treating cancer. The deal calls for London-based BTG to pay $84.5 million (£58.3 million) in up-front cash and another $25.5 million (£17.6 million) in regulatory and commercial milestones, which are […]

Galil Medical kills $11m Perseon bid

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Galil Medical spiked its $11 million tender offer for Perseon Medical (NSDQ:PRSN) and its MicroThermX microwave ablation device, after failing to gather enough shares despite extending the deadline. The deal, announced in October, called for Arden Hills, Minn.- and Yokneam, Israel-based Galil to pay $1 per share plus 2¢ per warrant for Perseon, formerly known as BSD Medical. Shareholders had tendered […]

Galil Medical extends deadline for $11m Perseon buy

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Galil Medical said today that it’s extending the deadline on its $11 million tender offer for Perseon Medical (NSDQ:PRSN) and its MicroThermX microwave ablation device. Arden Hills, Minn.- and Yokneam, Isrel-based Galil said it moved the deadline from Dec. 11 to Dec. 21 “to allow additional time for the satisfaction of the financing condition.” CEO Marty Emerson said during a conference […]

Galil Medical to pay nearly $11m for Perseon

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Galil Medical agreed to pay $10.6 million to acquire Perseon Medical Corp. (NSDQ:PRSN) and its MicroThermX microwave ablation device. The deal calls for Arden Hills, Minn., and Yokneam, Isrel-based Galil to pay $1 per share plus 2¢ per warrant for Perseon, formerly known as BSD Medical. “We believe this transaction propels us to a market leadership position in […]

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