Over the past few years, special purpose acquisition corporations (SPACs) have found their way into the medtech space. These businesses — built to bring private companies public — raise initial public offerings (IPOs). They then go and acquire existing companies, taking them public in the process. The value of these mergers varies, but some in […]
Hyperfine
Maria Sainz named new president, CEO at Hyperfine
Hyperfine (Nasdaq:HYPR) announced today that it named industry veteran Maria Sainz as its new president and CEO. Sainz’s appointment becomes effective Oct. 24, 2022. Scott Huennekens, the current interim president and CEO, remains on as executive chairperson of the board. Guilford, Connecticut–based Hyperfine develops the Swoop FDA-cleared portable MRI system. “I am excited and honored […]
Viz.ai, Hyperfine partner on new MRI, workflow paradigm
Viz.ai announced today that it partnered with Hyperfine (Nasdaq:HYPR) to bring magnetic resonance imaging (MRI) to the patient’s bedside. San Francisco-based Viz.ai develops the Viz LVO, its flagship product designed to leverage advanced deep learning to communicate time-sensitive information about stroke patients straight to a specialist who can intervene and treat the patient. Hyperfine develops […]
Hyperfine unveils new software for rapid MR brain imaging
FDA recently cleared a software upgrade to Hyperfine’s portable MRI device that enables scenes in under 3 minutes with no ionizing radiation, the Austin, Texas–based company said today. Hyperfine officials think the advancement could significantly improve the monitoring of hydrocephalus — brain fluid build-up — in children. Pediatric patients may have trouble staying still for […]
Hyperfine closes SPAC merger, will begin trading on Nasdaq
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, […]
Hyperfine portable MRI wins Health Canada licensing
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 […]
MedTech 100 roundup: Industry continues climb
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 […]
Hyperfine, Liminal to go public in $580M SPAC deal
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 […]
