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Hyperfine

Hyperfine closes SPAC merger, will begin trading on Nasdaq

December 22, 2021 By Sean Whooley

Hyperfine announced today that it completed its merger with HealthCor Catalio Acquisition Corp. and has gone public. Guilford, Connecticut-based Hyperfine initially announced the proposed merger with HealthCor, a special purpose acquisition company (SPAC) in July. The company will receive approximately $160 million in gross cash proceeds from the business combination and a concurrent private placement, […]

Filed Under: Business/Financial News, Featured, Imaging, Mergers & Acquisitions, Wall Street Beat Tagged With: HealthCor Catalio Acquisition Corp., Hyperfine, SPAC

Hyperfine portable MRI wins Health Canada licensing

December 9, 2021 By Sean Whooley

Hyperfine announced today that it received Health Canada licensing and began the Canadian commercial launch of its Swoop device. Guilford, Connecticut-based Hyperfine designed its Swoop system for portable magnetic resonance imaging (MRI), touting it as the first such device to garner FDA clearance. According to a news release, the licensing of Swoop in Canada includes […]

Filed Under: Business/Financial News, Featured, Imaging, Regulatory/Compliance Tagged With: Hyperfine, UpCare

MedTech 100 roundup: Industry continues climb

July 12, 2021 By Sean Whooley

One week after hitting an all-time best mark, the medtech industry has done it again, reaching new heights on Wall Street. MassDevice‘s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — continued its rise, finishing the week (July 9) at 114.79 points, a rise of 0.2% from the 114.59-point mark […]

Filed Under: Business/Financial News, Featured, MassDevice Earnings Roundup, Mergers & Acquisitions, Wall Street Beat Tagged With: Abbott, augmedics, Avanos Medical (formerly Halyard Health), conformis, Explorer Surgical, Hyperfine, Johnson & Johnson, Liminal, MedTech 100 Index, Stryker, SurModics Inc., Vetex Medical, Wright Medical

Hyperfine, Liminal to go public in $580M SPAC deal

July 8, 2021 By Danielle Kirsh

Hyperfine and Liminal Sciences today said they will go public by merging with a SPAC called HealthCor Catalio Acquisition Corp. The merger is valued at approximately $580 million upon closing and is expected to have a combined entity of $375 million in cash. The combined company’s estimated cash balance will be $207 million from the […]

Filed Under: Business/Financial News, Featured, Imaging Tagged With: HealthCor Catalio Acquisition Corp., Hyperfine, Liminal, SPAC

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