Medline Industries will pay $167.5 million to acquire the Namic fluid management business from AngioDynamics (NSDQ:ANGO), the companies announced today. The deal, subject to customary closing conditions, is expected to close in the summer. It will allow Medline to acquire the manifolds, contrast management systems, closed fluid systems, guidewires, disposable transducers and interventional accessories offered […]
ICU Medical, Medline split $59.5 Excelsior Medical buy
ICU Medical said it acquired Excelsior Medical for $59.5 million, with Excelsior’s SwabFlush and pre-filled saline and heparin flush syringes going to Medline Industries for $27 million upon closing. Excelsior developed, manufactured and commercialized the SwabCap and SwabFlush devices for disinfecting and protecting needleless IV connectors, San Clemente, Calif.-based ICU Medical said. The split will […]
Medline nabs Amendia’s cervical spinal surgery tech in closed-doors deal
Illinois-based Medline Industries acquired key spine surgery technologies from Georgia-based Amendia, the companies announced this month.
Medline nabbed Amendia’s anterior cervical fusion distraction pin business, part of a market that Medline expects to grow more than 8% annually. The technologies are used in surgeries for removing problem disks in the neck area of the spine.
Medline’s ACME Monaco guidewire recall is Class I
The FDA categorized Medline Industries’ recall of its ACME Monaco guidewire as Class I, denoting the risk of serious injury or death.
The recall of the ACME Monaco guidewire, designed to direct a percutaneous catheter through a blood vessel, was 1st initiated in August 2013 on the potential for the guidewire’s coating to flake off.
Medical device tax: Chemence must pay medtech tax in dispute with distributor Medline
Chemence Medical Products is on the hook for the 2.3% medical device tax on the medical adhesives it makes for distributor Medline Industries, a federal judge ruled this week.
Novation cuts new deals with medical device giants
GPOs: Premier signs new contract with Carestream for imaging systems
Group purchasing organization Premier Healthcare signed a new contract with Carestream to provide diagnostic dental imaging systems to its 86,000-plus membership.
Premier has been offering Carestream imaging systems to its members since 2010, but the new contract extends the deal for another 3 years.
Medline wants insurer to pay the freight for fake Bard mesh
Medline Industries wants 1 of its insurers to cover the $500,000 it expects to log in legal fees defending against lawsuits filed over its purchase of counterfeit surgical mesh from RAM Medical.
Wayne, N.J.-based medical device distributor RAM Medical admitted in December 2011 to importing and reselling counterfeit and contaminated surgical hernia mesh products.
Boston Scientific’s CEO defends the troubled Guidant buyout | Wall Street Beat
Boston Scientific’s (NYSE:BSX) interim CEO Hank Kucheman still believes in the company’s ill-fated acquisition of Guidant Corp., a deal worth $26 billion that was followed by recalls, lawsuits and criminal charges.
GPOs: Premier, Child Health Corp. ink new deals
Group purchasing organization Premier said it signed a raft of supply deals for a variety of medical device products.
The Charlotte-based GPO said it signed deals for endomechanical, trocar, suture and topical skin adhesives with 16 companies.
GPOs: Premier rolls out 6 new supply contracts
Group purchasing organization goliath Premier health care alliance inked 6 new supply deals for surgical endoscopy, video and MRI compatible equipment.
Premier signed 3 new agreements for surgical endoscopy and video equipment with Olympus America (TYO:7733), Gyrus ACMI and Kalamazoo, Mich.-based med-tech titan Stryker Corp. (NYSE:SYK) .
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