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Newport Medical Instruments

Feds target Medtronic in ventilator antitrust investigation

September 30, 2020 By Nancy Crotti

Medtronic (NYSE:MDT) is under investigation by the federal government for allegedly limiting competition in the ventilator business, the company acknowledged late yesterday. The civil antitrust probe grew out of complaints about device shortages during the coronavirus pandemic, according to a report by the Wall Street Journal. The Journal cited “people familiar with the matter” as saying […]

Filed Under: Business/Financial News, Featured, Legal News, Respiratory, Wall Street Beat Tagged With: Covidien, Medtronic, Medtronic buys Covidien, Newport Medical Instruments, U.S. Biomedical Advanced Research and Development Authority (BARDA), U.S. Department of Justice

Medtronic responds to NY Times story about failed ventilator contract

March 30, 2020 By Sean Whooley

Medtronic (NYSE:MDT) is providing additional facts in response to a New York Times report detailing an acquisition by Covidien that allegedly changed the course of a government contract designed to increase ventilator supply, now a major problem amid the coronavirus pandemic. Medtronic bought Covidien for $50 billion in 2015 — years after the events described in the […]

Filed Under: Business/Financial News, Contract Manufacturing, Featured, Food & Drug Administration (FDA), Mergers & Acquisitions, Regulatory/Compliance, Respiratory Tagged With: coronavirus, COVID-19, Covidien, FDA, Medtronic, Newport Medical Instruments

FDA gives Covidien recall highest-risk label

May 3, 2013 By Arezu Sarvestani Leave a Comment

Covidien logo

The FDA this week put its highest-risk label on medical device maker Covidien’s (NYSE:COV) recent ventilator battery recall, warning that the device may cause patients harm.

Filed Under: Food & Drug Administration (FDA), News Well, Recalls, Respiratory Tagged With: Covidien, Newport Medical Instruments

More deals ahead for Covidien? | Wall Street Beat

May 2, 2012 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

As Covidien (NYSE:COV) closed its 4th recent acquisition, analysts speculated that there may be more deals on the near future.

The Mansfield, Mass.-based company may be looking to pick up some assets in hypertension treatment, or may keep its sights on additional acquisitions in Israel.

Filed Under: Funding Roundup, Mergers & Acquisitions, News Well, Wall Street Beat Tagged With: AbViser, becton dickinson, BRIT Systems, ConvaTec, Corpak Medsystems Inc., Covidien, Deals Roundup, Edwards Lifesciences, EndoEvolution LLC, HCL Technologies, Henry Schein Inc., InHealth, Medic Vision Imaging Solutions, Newport Medical Instruments, Osteomed, Premier Inc., Solta Medical Inc., Synexus, Teleflex

Covidien grabs Newport Medical Instruments for $108 million

March 22, 2012 By MassDevice staff Leave a Comment

covidien logo

Covidien (NYSE:COV) continued to blaze the acquisitions trail, announcing a definitive agreement to acquire Newport Medical Instruments for $108 million.

Costa Mesa, Calif.-based Newport Medical is a ventilator systems maker with products on the market in the U.S. and more than 115 countries worldwide, according to a press release.

Filed Under: Mergers & Acquisitions, News Well Tagged With: Covidien, Newport Medical Instruments

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