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The Blackstone Group LP

Private equity firms making majority investment in Medline

June 8, 2021 By Chris Newmarker

Medline Industries will stay a privately-held, family-run medtech giant after a majority investment from private equity firms. Blackstone, Carlyle and Hellman & Friedman are making the investment in Medline, which media reports peg at $34 billion. Get the full story on our sister site Medical Design & Outsourcing. 

Filed Under: Business/Financial News, Featured, Funding Roundup, Mergers & Acquisitions Tagged With: Carlyle Group, Hellman & Friedman, medline industries, Medline Industries Inc., The Blackstone Group LP

Medtronic CEO Geoff Martha: ‘Time to be bold and add grit’

October 14, 2020 By Sean Whooley

Medtronic (NYSE:MDT) CEO Geoff Martha has no intention of slowing the medtech giant down amid the COVID-19 pandemic. Speaking during the Fridley, Minn.-based company’s “Investor Day” virtual presentation, Martha made one thing clear: “We are going on the offensive,” Martha said at the start and echoed throughout the program. About six months into his tenure as […]

Filed Under: Big Data, Business/Financial News, Cardiac Implants, Cardiovascular, Clinical Trials, Diabetes, Digital Health, Featured, Food & Drug Administration (FDA), Health Technology, Imaging, MassDevice Earnings Roundup, Mergers & Acquisitions, Regulatory/Compliance, Replacement Heart Valves, Research & Development, Robotics, Software / IT, Structural Heart, Surgical, Wall Street Beat Tagged With: Companion Medical, coronavirus, COVID-19, Edwards Lifesciences, Intuitive Surgical, Medtronic, tavr, The Blackstone Group LP, The Foundry

Blackstone invests $337m in Medtronic diabetes tech

June 15, 2020 By Sean Whooley

Medtronic (NYSE:MDT) announced that it will increase research and development for its diabetes group through an agreement to receive $337 million from Blackstone. The significant increase in R&D funding for the diabetes group is aimed at advancing new, innovative products designed to reduce the burden of diabetes management. The companies announced the agreement at the virtual […]

Filed Under: Business/Financial News, Diabetes, Featured, Funding Roundup, Research & Development Tagged With: Medtronic, The Blackstone Group LP

Biomet puts itself back on public market | Medtech Wall Street news for the week of Mar. 10, 2014

March 13, 2014 By MassDevice staff Leave a Comment

Biomet announces IPO plans

March 7, 2014 by Brad Perriello

Biomet announces IPO plans

Biomet is planning to put itself back on the public market after a 7-year run under private equity ownership, the orthopedics giant said today.

Filed Under: News Well, Wall Street Beat Tagged With: Analogic, Biomet, Fresenius, GE Healthcare, Getinge, Goldman Sachs, Kohlberg Kravis Roberts & Co, Semler Scientific, Siemens, Terumo, The Blackstone Group LP, TPG Capital, TriVascular

Biomet announces IPO plans

March 7, 2014 By Brad Perriello Leave a Comment

Biomet announces IPO plans

Biomet is planning to put itself back on the public market after a 7-year run under private equity ownership, the orthopedics giant said today.

A group of private PE players including the Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts and TPG acquired Biomet for $11.4 billion in 2007, placing medtech veteran Jeffrey Binder at the helm.

Filed Under: Initial Public Offering (IPO), News Well, Orthopedics, Wall Street Beat Tagged With: Biomet, Goldman Sachs, Kohlberg Kravis Roberts & Co, The Blackstone Group LP, TPG Capital, Venture Capital/Private Equity

Report: Danaher, Blackstone join forces in hunt for J&J diagnostics unit

November 8, 2013 By Brad Perriello Leave a Comment

Report: Danaher, Blackstone join forces in hunt for J&J diagnostics unit

Filed Under: Diagnostics, Mergers & Acquisitions, News Well Tagged With: Danaher Corp., Johnson and Johnson, The Blackstone Group LP, Venture Capital/Private Equity

Report: Private equity giants vie for Johnson & Johnson’s Ortho Clinical Diagnostics biz

October 1, 2013 By Brad Perriello Leave a Comment

Report: Private equity giants vie for Johnson & Johnson's Orth-Clinical Daignostics biz

Filed Under: Diagnostics, Mergers & Acquisitions, News Well Tagged With: Bain Capital, BC Partners, Carlyle Group, Johnson and Johnson, Kohlberg Kravis Roberts & Co, The Blackstone Group LP, Venture Capital/Private Equity

Report: Blackstone leads race for Allscripts | Wall Street Beat

December 3, 2012 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

Blackstone Group is said to be leading the bidding war for electronic medical records company Allscripts (NSDQ:MDRX) but the 2 sides are far from agreeing on a price, according to Reuters.

Citing 3 "people familiar with the matter," the news agency said a deal is "highly uncertain."

Filed Under: Electronic Medical Records (EMR), Mergers & Acquisitions, News Well, Wall Street Beat Tagged With: Allscripts, Cerner Corp., dextera, Epic Systems Corp., Misonix, The Blackstone Group LP, Tria Beauty Inc., Venture Capital/Private Equity

Angels in America: Early-stage investment rebounds | Wall Street Beat

October 10, 2012 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

Angel investors started to come out of their shells during the first half of the year with angel investments up more than 3% compared with H1 2011, according to research out of the University of New Hampshire, and medical device companies took the lion’s share of the backing.

The medical device and equipment sector grabbed 24% of total angel investment during the first six months of the year, according to a study from UNH’s Center for Venture Research.

Filed Under: News Well, Wall Street Beat Tagged With: Allscripts, Angel Investment, Baxter, BSD Medical Corp., Carlyle Group, Intuitive Surgical, Siemens, Silver Lake Management, Spacelabs Medical Inc., The Blackstone Group LP, University of New Hampshire, Venture Capital/Private Equity

Orthofix makes headway in federal beefs

February 7, 2012 By MassDevice staff Leave a Comment

Orthofix logo

Orthofix International (NSDQ:OFIX) said it’s making strides toward resolving a trio of outstanding legal issues with the U.S. government.

The Lewisville, Texas-based orthopedic device maker is finalizing agreements to close criminal and civil matters related to its bone growth stimulation business and is reaching agreements in principle to settle violations of the Foreign Corrupt Practices Act and investigations into its Blackstone subsidiary for potential violations of the False Claims Act.

Filed Under: Legal News, News Well, Orthopedics, Spine Tagged With: Orthobiologics, Orthofix, The Blackstone Group LP, U.S. Justice Dept. (DOJ)

Leveraged buyout costs hit yearlong high

August 16, 2011 By MassDevice staff Leave a Comment

MassDevice.com Funding Roundup

Leveraged buyouts, like the $6.3 billion deal to take Kinetic Concepts Inc (NYSE:KCI) private, are as expensive as they’ve been all year, due to ongoing uncertainty about the global economy.

Average monthly interest rates on institutional leveraged loans, the debt used to finance LBOs, rose to 491 basis points more than benchmarks in July, according to Bloomberg News – up from a February low of 378 basis points.

Filed Under: Mergers & Acquisitions, News Well, Wall Street Beat Tagged With: Apax Partners, Emdeon Inc., Immucor Inc., Kinetic Concepts Inc., The Blackstone Group LP, TPG Capital, Venture Capital/Private Equity

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