Startup CoraVie Medical aims to give patients and their physicians better control over hypertension with a tiny implantable device. Aimee Garza wants to do for high blood pressure what continuous glucose monitors are doing for diabetes. The veteran medtech engineer and marketing maven brings 25 years of experience at two of medtech’s biggest companies — […]
Lake Region Medical
Layoffs for Baxter, Greatbatch’s Lake Region Medical in Colorado
Baxter (NYSE:BAX) and Greatbatch (NYSE:GB) subsidiary Lake Region Medical are laying off workers in Colorado, according to a Worker Adjustment and Retraining Notification Act notice. Baxter, which is planning to shutter a plant in Englewood, Colo., over the next year, will cut 106 jobs as a result, according to the April 5 WARN notice. Last October, Deerfield, Ill.-based Baxter said it planned to […]
Greatbatch closes $1.7B Lake Region Medical buy
Greatbatch (NYSE:GB) said it closed the $1.73 billion, cash-and-stock acquisition of OEM medical device maker Lake Region Medical Oct. 27. Frisco, Texas-based Greatbatch laid out $478 million in cash and some 5.1 million shares of stock (which closed Oct. 27 at $49.27 per share, making that portion of the offer worth another $251 million). Greatbatch said it also agreed to […]
Greatbatch to buy out Lake Region Medical for $1.7B
Greatbatch (NYSE:GB) said today that it closed the $1.7 billion cash-and-stock acquisition of Lake Region Medical. Terms call for Frisco, Texas-based Greatbatch to pay $478 million in cash and some 5.1 million shares of stock (which closed yesterday at $49.89 per share, making that portion of the offer worth another $254.4 million). Greatbatch said it also agreed […]
