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TomoTherapy Inc.

Accuray notches win in trade secrets row with former supplier

February 11, 2014 By Arezu Sarvestani Leave a Comment

Accuray notches win in trade secrets row with former supplier

California medtech maker Accuray (NSDQ:ARAY) tallied a win in a trade secrets lawsuit filed by a former supplier, announcing that a Minnesota court awarded summary judgment against Rotary Systems.

Filed Under: Legal News, News Well, Radiosurgery/Radiation therapy Tagged With: Accuray Inc., Rotary Systems, TomoTherapy Inc.

Teleflex taps former Tomotherapy CFO Powell as finance chief | Personnel Roundup

March 12, 2012 By MassDevice staff Leave a Comment

Teleflex logo

Teleflex (NYSE:TFX) named Thomas Powell CFO effective March 9, replacing Richard Meier, who was ousted the same day.

Powell joined the Limerick, Pa.-based device maker last year as senior vice president of global finance, according to regulatory filings, prior to which he was CFO of TomoTherapy, which was subsequently sold to Accuray (NSDQ:ARAY).

Filed Under: News Well Tagged With: Dept. of Health & Human Services (HHS), LensAR Inc., MedAssets, Personnel Moves, STAAR Surgical Co, Teleflex, Tenex Health Inc., TomoTherapy Inc., WaferGen Biosystems Inc., Zebra Technologies

Accuray and Siemens amend ties amid tough times

January 3, 2012 By MassDevice staff Leave a Comment

Accuray logo
Siemens logo

Amid job losses and cost cutting measures, Accuray (NSDQ:ARAY) and Siemens AG (NYSE:SI) amended their strategic partnership to allow Siemens to sell CyberKnife products made by Accuray’s recent acquisition, TomoTherapy Inc.

Filed Under: News Well, Radiosurgery/Radiation therapy, Wall Street Beat Tagged With: Accuray Inc., Distribution, Siemens, TomoTherapy Inc.

Accuray to cut workforce by 5%

November 16, 2011 By MassDevice staff Leave a Comment

Accuray

Accuray (NSDQ:ARAY) laid off 29 workers and plans to cut another 22 over the next three quarters, reducing its workforce by 5 percent.

The cancer treatment device maker aims to reduce costs following its $277 million acquisition of TomoTherapy Inc. (NSDQ:TOMO).

Filed Under: Mergers & Acquisitions, News Well, Oncology, Wall Street Beat Tagged With: Accuray Inc., Personnel Moves, Stryker, TomoTherapy Inc.

Accuray slips into the red in Q4, FY2011 | Earnings Roundup

September 21, 2011 By MassDevice staff Leave a Comment

Accuray

Accuray Inc. (NSDQ:ARAY) may be the fish that swallowed the whale, but it might have bitten off more than it can chew judging from its fourth-quarter and fiscal 2011 results.

The Sunnyvale, Calif.-based radiosurgery device maker paid $300 million for its larger rival TomoTherapy in March. That acquisition sent ARAY into the red for both the quarter and full year.

Filed Under: MassDevice Earnings Roundup, News Well, Radiosurgery/Radiation therapy Tagged With: Accuray Inc., Analogic, Pro-Dex Inc., Q2, Revolutions Medical Corp., SOLOS Endoscopy Inc., TomoTherapy Inc., Visual Healthcare Corp.

Accuray closes $277 million TomoTherapy merger

June 13, 2011 By MassDevice staff Leave a Comment

Accuray_100_0.jpg

Accuray Inc. (NSDQ:ARAY) completed its $277 million acquisition of TomoTherapy Inc. (NSDQ:TOMO), tying the bow on a deal first announced in March 2010.

Filed Under: Mergers & Acquisitions, News Well, Oncology, Radiosurgery/Radiation therapy, Wall Street Beat Tagged With: Accuray Inc., TomoTherapy Inc.

Toshiba takes one step closer to $273 Vital Images acquisition | Acquisitions roundup

June 9, 2011 By MassDevice staff Leave a Comment

Toshiba
Vital Images

Toshiba Medical Systems Corp. came one step closer the $273 million acquisition of Vital Images Inc. (NSDQ:VTAL) with the announcement that the initial tender offer period had expired.

A total of 11.9 million shares were tendered by expiration time, representing about 72 percent of Vital Images’ outstanding common stock on a fully diluted basis.

Filed Under: Mergers & Acquisitions, News Well Tagged With: Accuray Inc., Archer Capital, Brainlab, Generex Biotechnology Corp., Global Medical Direct Inc., Healthe Care, TomoTherapy Inc., Toshiba, Vital Images Inc., Voyant Health

St. Jude Medical puts more skin in iRhythm Technologies| Acquisitions roundup

May 17, 2011 By MassDevice staff Leave a Comment

M and A Roundup

St. Jude Medical’s (NYSE:STJ) partnership with a California-based arrhythmia-diagnostic company is going well enough that it recently poured more money into that startup.

Filed Under: Business/Financial News, Mergers & Acquisitions, News Well Tagged With: Accuray Inc., Audax Medical, BioDrain Medical Inc., Cardiogenesis Corp., CryoLife, EKN Financial Services Inc., iRhythm Technologies Inc., Northern Digital Inc., Roper Industries Inc., stjudemedical, TomoTherapy Inc.

GE Healthcare snaps up cellular imaging firm | Acquisitions roundup

May 1, 2011 By MassDevice staff Leave a Comment

GE Healthcare,

GE Healthcare is looking to boost its life sciences portfolio with the acquisition of a cellular imaging firm.

The General Electric Co. (NYSE:GE) unit is planning to buy Seattle area Applied Precision Inc. in a bid to expand its research products and services offering for the pharmaceutical and life science industries, the company said.

Filed Under: Mergers & Acquisitions, News Well Tagged With: Accuray Inc., Ametek Inc., GE Healthcare, TomoTherapy Inc., Toshiba, Verisk Analytics Inc.

Cancer treatment merger: Accuray cashes in on TomoTherapy’s woes

April 8, 2011 By MassDevice staff Leave a Comment

Accuray_100_0.jpg

Like so many romances, the impending $277 million marriage between Accuray Inc. (NSDQ:ARAY) and TomoTherapy Inc. (NSDQ:TOMO) began on the shores of the Mediterranean, in the beautiful city of Barcelona.

Filed Under: Mergers & Acquisitions, News Well, Oncology, Radiosurgery/Radiation therapy Tagged With: Accuray Inc., TomoTherapy Inc.

Accuray/Tomotherapy merger: Did the fish swallow the whale?

March 30, 2011 By MassDevice staff Leave a Comment

Accuray_100_0.jpg

The $300 million engagement of Accuray Inc. (NSDQ:ARAY) and TomoTherapy Inc. (NSDQ:TOMO) might be a case where the fish ate the whale.

Filed Under: Mergers & Acquisitions, News Well, Radiosurgery/Radiation therapy Tagged With: Accuray Inc., TomoTherapy Inc.

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