Hill-Rom Holdings (NYSE:HRC) said it will lay off about 3% of its workforce, or roughly 200 workers, as it maneuvers to confront the medical device tax set to go into effect next year.
McKesson Corp.
Is Boston Scientific in line for a private equity takeover? | Wall Street Beat
Billionaire hedge fund manager David Tepper, of Appaloosa Management, bought 7.8 million shares of Boston Scientific stock during the 4th quarter, according to regulatory filings, for a stake with a market value of $41.6 million as of Dec. 31.
McKesson’s Q3 beats The Street, pays $918M for Canadian pharmacy biz | Earnings Roundup
McKesson (NYSE:MCK) shares got a bump in after-hours trading yesterday when it reported strong 3rd-quarter results and announced the $918 million acquisition of a chain of independent pharmacies in Canada.
UPDATE: Medtronic explores options in $10M patent infringement loss | Legal News
Medtronic Inc. (NYSE:MDT) is exploring its options regarding a patent infringement loss decided by a jury this week.
An Oklahoma jury ordered Medtronic to pay $9.9 million in back royalties for willfully infringing on a guidance catheter patent owned by Dr. Jan Voda.
Jury orders Medtronic to pay $10M for catheter patent infringement | Legal News
An Oklahoma jury ordered Medtronic Inc. (NYSE:MDT) to pay $9.9 million in back royalties for willfully infringing on a guidance catheter patent owned by Dr. Jan Voda.
Voda invented new guiding catheters for delivering balloon devices and stents in the early 1990s and won patents in 2000, according to court documents.
Masimo plunges after missing Q3 earnings target | Earnings Roundup
Shares of Masimo Corp. (NSDQ:MASI) plunged more than 12 percent today after the patient monitoring device maker missed third-quarter earnings expectations and lowered its sales and earnings guidance for the rest of 2011.
MASI shares were trading at $19.61 as of about 1 p.m. today, down 12.1 percent.
Whistleblower to SNN: Cough up sales docs | MassDevice.com Legal Roundup
A former Smith & Nephew (NYSE:SNN) executive wants a Tennessee federal court to force the company to cough up documents detailing its sales to the U.S. government as part of his whistleblower lawsuit accusing the firm of breaking the Trade Agreements Act.
Henry Schein Q1 profits rise 26 percent on healthy bump in sales | Earnings roundup
MassDevice keeps a close eye on public medical device companies, tracking their quarterly sales and earnings reports. For the most recent filings, check out our Earnings Roundup, where we collect each quarter’s reports.
Here’s a quick rundown of a few releases over the past couple days:
Boston Scientific closes Atritech takeover | Acquisitions roundup
Boston Scientific Corp. (NYSE:BSX) completed its buyout of Plymouth, Minn.-based Atritech Inc.
Atritech’s CE Mark-approved Watchman device is designed to close the left atrial appendage in patients with atrial fibrillation who are at risk for ischemic stroke.
The $100 million cash deal, which was announced in January, could reach a value of $375 million with the addition of future milestone payments.
Glenveigh lands deal for Monica Healthcare’s new fetal monitor | Distribution roundup
Here’s a roundup of companies announcing new distribution deals.
Viking Systems inks Mexican deal | Distribution roundup
Here’s a roundup of companies announcing new distribution deals.