Updated to include approval from the Ontario Superior Court of Justice. Prism Medical said today that the Ontario Superior Court of Justice has granted final approval to its $62 million acquisition by Handicare. The news comes on the heels of an announcement the Ontario-based company made on Friday, saying that its shareholders approved the acquisition after holding a special meeting. […]
Prism Medical wins approval for shareholders meeting for sale to Handicare
Prism Medical said today it obtained an interim order from the Ontario Superior Court of Justice to allow for a special meeting of share holders to approve its acquisition by Handicare. The meeting is scheduled for August 26, and will allow shareholders to vote on the approximately $62 million acquisition by Swedish Handicare, which supplies technical aids for […]
Sweden’s Handicare to acquire mobility device developer Prism Medical
Prism Medical said today that mobility and technical aid developer Handicare agreed to acquire it for approximately $62 million. Swedish Handicare, which supplies technical aids for the elderly and physically disabled, will pay $12.50 for each outstanding share of Prism Medical. “The knowledge of our employees applied with passion to solve the moving and handling […]
NuVasive co-founder McKinley is Vascular Dynamics new COO | Personnel Moves June 9, 2016
NuVasive co-founder McKinley is Vascular Dynamics new COO Vascular Dynamics said it tapped NuVasive Inc. (NSDQ:NUVA) co-founder and former CEO James McKinley as its new chief operating officer. McKinley has held leadership positions at Advent Medical, Endosphere, Farallon Medical and Nellix, as well as NuVasive. “It is a tremendous opportunity to add Jim to our management team. […]
Fonar taps MR scan inventor and founder’s son as CEO | Personnel Moves
Fonar Corp (NSDQ:FONR) said yesterday it named Timothy Damadian, son of magnetic resonance scanning inventor and company founder Dr. Raymond Damadian, as its new president and CEO. The younger Damadian worked with Fonar for 16 years, eventually becoming veep of operations. He formed Fonar subsidiary Health Management Corporation of America, which manages medial and diagnostic […]
AdvaMed taps LifeScience Alley’s Mandle to lead state medtech alliance | Personnel Moves
AdvaMed said it named Shaye Mandle, CEO of Minnesota’s LifeScience Alley trade association, as chairman of its State Medical Technology Alliance. “The medical technology industry is a hallmark of U.S. innovation represented by a community of people dedicated to improving and saving lives. Now more than ever, medical technology has the opportunity to help deliver […]
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