When Medtronic (NYSE:MDT) CFO and EVP Karen Parkhill looks back at the medical device manufacturer’s performance through the COVID-19 pandemic, she recalls a key decision that rankled investors but paid off in the long run. “When I first joined Medtronic, it was shortly after the Covidien merger and we had taken on a lot of […]
mergers
Key Surgical and Interlock merging to create OR supplies giant
Interlock Medizintechnik and Key Surgical today announced that they are merging to create one of the world’s largest providers of sterile processing and operating room supplies. Strategic investor Water Street Healthcare Partners facilitated the deal between Lensahn, Germany–based Interlock and Eden Prairie, Minn.–based Key Surgical, investing in the newly combined company. The deal follows on Interlock’s […]
Bayer sells Diabetes Care business to Panasonic Healthcare
(Reuters) — Bayer‘s (ETR:BAYN) has agreed to sell its Diabetes Care business to Panasonic Healthcare Holdings, backed by KKR (NYSE:KKR) and Panasonic (NYSE:PC), for 1.02 billion euros ($1.15 billion), the company said on Wednesday. The deal, expected to be completed in the first quarter of 2016, marks Bayer’s second attempt to divest the blood glucose monitoring […]