Shares in Natus Medical (NSDQ:BABY) rose today after the company topped expectations on Wall Street with its second-quarter financial results. The Pleasanton, Calif.-based company posted a net loss of -$2.6 million, or -8¢ per share, on sales of $130.7 million for the 3 months ended June 30, for sales growth of 7% compared with the same […]
Natus Medical lifts Kennedy to the corner office | Personnel Moves – July 17, 2018
Natus Medical (Nasdaq: BABY) said last week that its current CEO Jim Hawkins is retiring from their position, with current chief financial officer Jonathan Kennedy slated to take over as prez & chief exec. Kennedy has operated as CFO since April 2013, while the retiring Hawkins spent 14 years as the chief exec, the Pleasanton, Calif.-based company said. […]
Natus Medical faces proxy battle with Voce Capital
Natus Medical (Nasdaq: BABY) is facing a proxy battle with investment firm Voce Capital which is urging shareholders to oust chairman Robert Gunst. The Pleasanton, Calif.-based company referenced a recent report from Glass Lewis & Co. regarding its most recent annual meeting, which stated that Voce “has not presented a detailed operating plan for the company, nor […]
Nox Medical touts win in ongoing patent spat with Natus Medical
Nox Medical today touted a win in an ongoing patent spat with Natus Medical (Nasdaq: BABY) over patents related to biometric connectors. The Iceland-based company said that a jury in the US District Court for the District of Delaware upheld the validity of Nox’s patent for biometric connectors it uses on its disposable RIP belts. The jury also […]
Natus Medical Q1 results beat The Street despite swing to red ink
Shares in Natus Medical (Nasdaq: BABY) fell today after the newborn-focused medical device maker posted first quarter earnings that saw profits turn to losses, despite topping Wall Street expectations for sales and earnings per share. The Pleasanton, Calif.-based company posted losses of approximately $3.2 million, or 10¢ per share, on sales of $128.6 million for the three […]
Nox Medical claims win over Natus Medical in EU sensor patent spat
Nox Medical yesterday touted a win in a European patent spat with Natus Medical (Nasdaq: BABY) over patents related to biometric connectors. Iceland-based Nox Medical said that the European Patent Office determined that its European patent, related to its RIP Belts, were “valid as amended” in proceedings brought against it by Natus. The company went on […]
Cerner taps former head of Philips North America to take over corner officer | Personnel Moves January 11, 2018
Cerner Corp. (NSDQ:CERN) said yesterday that it named Brent Shafer to serve as chairman & CEO effective Feb. 1. Shafer previously served as CEO of Philips‘ (NYSE:PHG) North America business. Cerner’s co-founder Cliff Illig has been serving as interim CEO and chairman of the board since July last year. Illig said he plans to resume […]
Integra LifeSciences completes purchase of J&J’s Codman Neurosurgery
Integra LifeSciences (Nasdaq: IART) has completed its previously announced $1.045 billion purchase of Johnson & Johnson’s Codman Neurosurgery business, the companies announced today. “The addition of Codman Neurosurgery expands our global leadership position by creating one of the broadest medical device portfolios in the neurosurgery market,” Peter Arduini, Integra’s president and CEO, said in a […]
Integra LifeSciences deals $48m in neurosurgery assets to Natus Medical
Integra LifeSciences (NSDQ:IART) said today that it plans to deal some of its neurosurgery assets to Natus Medical (NSDQ:BABY) for nearly $48 million, contingent on the consummation of its $1 billion buyout of the Codman Neurosurgery business from Johnson & Johnson (NYSE:JNJ). Plainsboro, N.J.-based Integra said the sale to Natus includes its line of Camino intracranial […]
Natus puts up $145m for GN Otometrics, cuts guidance on shipment hold
Shares in Natus Medical (NSDQ:BABY), which said today that it agreed to put up $145 million for GN Store Nord‘s (CPH:GN) otometrics hearing and balance diagnostics business, plunged today after Natus cut its 3rd-quarter guidance due to a voluntary shipment hold at its Seattle facility. Pleasanton, Calif.-based Natus said it plans to fund the GN Otometrics […]
Natus Medical logs 1st $20m payment in $121m contract with Venezuela
Natus Medical (NSDQ:BABY) said today it received an initial $20 million payment as part of a $120.7 million supply agreement between the Ministry of Health of Venezuela and its Buenos Aires, Argentina-based subsidiary Medix I.C.S.A. Through the deal, Natus Medical will provide medical equipment, supplies and services over 3 years, including certain 3rd party products. The Pleasanton, Calif.-based […]
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