C.R. Bard (NYSE:BCR) closed its $262 million acquisition of Rochester Medical yesterday, giving former Rochester stockholders $20 per share and taking ROCM shares off the NASDAQ exchange.
Bard closes $262M Rochester Medical acquisition
Rochester Medical skyrockets on $262M Bard acquisition news
GPO: Premier Healthcare Alliance awards new agreements
Premier Healthcare Alliance struck a deal for blood glucose meters, reagents, and consumables and acute care service with Nova Biomedical of Waltham, Mass. and Roche Diagnostics (PINK:RHHBY) of Indianapolis, Ind.
Rochester Medical gains on exit from Foley Catheters business
Medical device maker Rochester Medical (NSDQ:ROCM) closed at a 1.2% increase yesterday after detailing its decision to exit the Foley Catheter business.
Zimmer slides on Q1 results | Earnings Roundup
Varian slides after-hours on lower Q1 profits | Earnings Roundup
Shares of Varian Medical Systems (NYSE:VAR) sank in after-hours trading yesterday as Wall Street reacted to shrinking profits during the company’s 1st quarter for fiscal 2012.
The Palo Alto, Calif.-based oncology and X-ray products maker posted $625 million in sales during the three months ended Dec. 30, 2011, up 7.8% from $580 million sold in the same period in 2010.
SonoSite CFO resigns, makes $3M | Personnel Moves
SonoSite (NSDQ:SONO) CFO Marcus Smith stands to pull down more than $3 million now that he’s retired from the Bothell, Wash.-based ultrasound device maker.
The company said Smith’s resignation, which went into effect yesterday, was to pursue other opportunities.
The former Philips Medical Systems exec will end up with more than $3 million in the bank after he receives all of his separation benefits, according to a company filing with the SEC.
Smith & Nephew falls on softer orthopedic margins | Earnings Roundup
Lower margins for Smith & Nephew’s (NYSE:SNN) bread-and-butter orthopedics division drove the British company’s third-quarter profits down nearly 3 percent for the three months ended Oct. 1.
Smith & Nephew posted profits of $133 million, or 14.9 cents per share, on sales of $1.03 billion for the quarter – a top-line increase of 9.7 percent when compared with the $941 million in revenues reported for the same period last year. But Q3 2010 profits were $137 million, or 15.4 cents per share.
Rochester Medical Implants Relocates to New Facility in Noblesville, IN
NOBLESVILLE, Ind., Oct. 17, 2011 /PRNewswire/ — Rochester Medical Implants (http://www.rmi.us.com), a contract manufacturer of orthopaedic implants and precision products, announced today that it has relocated corporate offices and manufacturing operations to their new facility in Noblesville, Indiana. In acknowledgement of the location change, the company will change its name to RMI. Website and email addresses will be unaffected….
http://www.prnewswire.com/news-releases/rochester-medical-implants-relocates-to-new-facility-in-noblesville-in-131973088.html
PerkinElmer Q1 profits inch downward despite 14 percent sales increase | Earnings roundup
MassDevice keeps a close eye on public medical device companies, tracking their quarterly sales and earnings reports. For the most recent filings, check out our Earnings Roundup, where we collect each quarter’s reports.
Here’s a quick rundown of a few releases over the past couple days:
Endo targets American Medical Systems for $2.9 billion | Acquisitions roundup
A company that began life in the pharmaceutical sector is venturing forth into devices in its quest to become a more diversified health care company.
