
Medical Action shares nearly double on news of $208M Owens & Minor acquisition

The Medical Device Business Journal — Medical Device News & Articles | MassDevice
Medical Action Industries (NSDQ:MDCI) said it closed the $79 million sale of its Medegen Medical Products subsidiary and parts of its patient care business to Inteplast Group’s Medira Inc.
Medical Action Industries (NSDQ:MDCI) said it inked a deal with Inteplast Group’s Medira Inc. to sell its Medegen Medical Products subsidiary for $75 million.
Medtech makers RyMed Technologies and Medical Action Industries are teaming up to distribute IV therapy devices to more hospitals.
Despite profits that squeaked to black in Q1, Medical Action Industries (NSDQ:MDCI) shares slid 38% in the hours following the release and never fully bounced back, still down 28% of their value before the Q1 news.
Medical Action Industries (NSDQ:MDCI) CFO John Sheffield walked out the doors on Friday, June 28, resigning his position effective immediately, according to regulatory documents. Company documents did not cite a reason for Sheffield’s departure.
Dr. Robert Wah was named president-elect of the American Medical Assn., the nation’s largest network of physicians. Wah, who served on the AMA board from 2011 to 2012, will be officially sworn in as president after a year as president-elect.
Vascular device startup Blue Medical names new chief
Netherlands-based vascular disease treatment device startup Blue Medical Devices named Noël Coopmans its new CEO.