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VirtualScopics Inc.

Biotelemetry closes $16m VirtualScopics buy

May 13, 2016 By Mark Hollmer

BioTelemetry (NSDQ:BEAT) said yesterday that it closed its $15.5 million acquisition of clinical trial imaging provider VirtualScopics (NSDQ:VSCP), approximately 6 weeks after the deal was 1st announced. The all-cash buyout of Rochester, N.Y.-based VirtualScopics included a $4.05-per-share tender for roughly 3 million VirtualScopics shares. BioTelemetry also offered $336.50 per share for the company’s Series A and […]

Filed Under: Imaging, Mergers & Acquisitions, Patient Monitoring Tagged With: Biotel Inc., BioTelemetry Inc., CardioNet Inc., VirtualScopics Inc.

BioTelemetry ponies up $16m for VirtualScopics

March 28, 2016 By Brad Perriello

BioTelemetry (NSDQ:BEAT) said last week that it agreed to pay about $15.5 million to acquire clinical trial imaging provider VirtualScopics (NSDQ:VSCP) with an all-cash tender offer. Terms of the deal for Rochester, N.Y.-based VirtualScopics include a $4.05-per-share tender for roughly 3 million VSCP shares. BioTelemetry, which is based in Malvern, Pa., is also due to offer $336.30 per share for VirtualScopics’ […]

Filed Under: Clinical Trials, Imaging, Mergers & Acquisitions, Patient Monitoring Tagged With: BioTelemetry Inc., VirtualScopics Inc.

Avedro CEO Muller is out | Personnel Moves

December 24, 2015 By Brad Perriello

Avedro said CEO David Muller stepped down shortly after it closed a $32 million equity round last month, replaced on an interim basis by COO Brian Roberts, the former CFO at Insulet (NSDQ:PODD). Waltham-based Avedro said Muller left to “pursue other opportunities.” “On behalf of the board and all the Avedro employees, I want to thank […]

Filed Under: Business/Financial News Tagged With: AirXpanders, Avedro Inc., conformis, Derma Sciences Inc., Getinge, K2M, Personnel Moves, Philips, Signostics, SurModics Inc., VirtualScopics Inc.

GI Dynamics swaps CEOs | Personnel Moves

August 28, 2014 By Brad Perriello

GI Dynamics swaps CEOs | Personnel Moves

Filed Under: News Well, Weight loss Tagged With: Abiomed, Biolase, GI Dynamics, HeartFlow, Kinetic Concepts Inc., Personnel Moves, Spine Pain Management Inc., StemBioSys, Urologix Inc., VirtualScopics Inc., wrightmedical

Haemonetics taps outgoing Covidien CFO Dockendorff for board | Personnel Moves

July 28, 2014 By Brad Perriello Leave a Comment

Haemonetics taps outgoing Covidien CFO Dockendorff for board | Personnel Moves

Filed Under: News Well Tagged With: ConvaTec, Covidien, Haemonetics, Invacare, Life Sciences Foundation, MDSave, Oncologix Tech Inc., Perseon, Personnel Moves, Philips, Reva Medical Inc., VirtualScopics Inc.

Elekta’s new CEO is Nokia vet | Personnel Moves

October 28, 2013 By Chris Walker Leave a Comment

fired/hired

Elekta (STO:EKTA B) said it named Niklas Savander, a former Nokia executive, as its new president & CEO. Savander is succeeding Tomas Puusepp, who will keep his seat on Stockholm-based company’s board.

IT’s Savander’s 1st venture into the medical device industry. His resume includes stints at Hewlett-Packard as well as Nokia, according to a press release.

Filed Under: News Well Tagged With: aligntechnology, Elekta, Foundation Medical Partners, Intuitive Surgical, Personnel Moves, VirtualScopics Inc.

Mela Sciences CEO resigns | Personnel Moves

June 24, 2013 By Sony Salzman Leave a Comment

fired/hired

Long-time Mela Sciences (NSDQ:MELA) CEO Joseph Gulfo resigned last week from his position as chief executive, president, chairman and member of the board. Gulfo had been Mela’s CEO since 2004, and company documents did not cite a reason for his resignation.

Filed Under: News Well Tagged With: MELA Sciences Inc., Natus Medical Inc., Personnel Moves, Revolutions Medical Corp., Spectranetics Corp., VirtualScopics Inc.

Tactile Systems touches $10M | Wall Street Beat

October 5, 2012 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

Tactile Systems Technology said it reeled in a $10.4 million Series B round led by Radius Ventures, with the proceeds to go toward acquiring "a leading new product" and patents for treating lymphedema, or fluid retention.

Filed Under: News Well, Wall Street Beat Tagged With: EnteroMedics Inc., Galen Partners, Novation, Philips, Radius Ventures, Tactile Systems Technology, Venture Capital/Private Equity, VirtualScopics Inc.

Funding: Medical device companies raise $70M | Wall Street Beat

September 5, 2012 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

Four medical device companies reeled in more than $70 million in recent weeks, to develop technologies including a laser scalpel for minimally invasive surgeries, a peripheral vessel stapler, a thermal ablation system and a biliary stent.

Cambridge, Mass.-based OmniGuide led the charge with a $35 million round from Orbimed Advisors. OmniGuide chairman Yoel Fink told MassDevice.com in 2010 that the device uses the mirror technology he pioneered at the Mass. Institute of Technology in the 1990s.

Filed Under: Funding Roundup, News Well, Wall Street Beat Tagged With: 180medical, ConvaTec, EndoChoice, Intact Vascular, NeuWave Medical Inc., Novation, OmniGuide, Premier Inc., Teleflex, VirtualScopics Inc., Xlumena

Gingrich’s health consulting group goes under | Wall Street Beat

April 6, 2012 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

The Center for Health Transformation, a health care think tank launched by GOP presidential hopeful Newt Gingrich, filed for Chapter 7 bankruptcy this week, listing liabilities of between $1 million and $10 million that it says it can’t repay.

The organization’s assets, which it listed in court filings at between $50,000 and $100,000, will be liquidated and the business may subsequently close.

Filed Under: News Well, Wall Street Beat Tagged With: Abbott, American CryoStem, Angiotech, Bioject Medical Technologies Inc., Elron Electronic Industries, EnteroMedics Inc., GE Healthcare, Hologic, Hypertension Diagnostics, Johnson and Johnson, Kensey Nash Corp., Merck, MiMedx Group Inc., VirtualScopics Inc., Zoll Medical

NuVasive swings to Q4, 2011 red | Earnings Roundup

February 24, 2012 By MassDevice staff Leave a Comment

NuVasive

NuVasive (NSDQ:NUVA) swung to red for the 4th quarter and full-year 2011, largely on the back of an $18.2 million writedown of intangible assets.

The San Diego-based spinal implant maker posted a loss of $10.0 million, or 24 cents per share, on sales of $150.2 million for the 3 months ended Dec. 31, 2012. That’s a top-line gain of 16.2% compared with Q4 2010, when NuVasive posted profits of $61.9 million, or $1.39 EPS.

Filed Under: MassDevice Earnings Roundup, News Well, Wall Street Beat Tagged With: ArthroCare Corp., CardioNet Inc., Digirad Corp., Endologix, Fresenius, Hansen Medical Inc., Nuvasive, Q4, Symmetry Medical Inc., Teleflex, Theragenics Corp., VirtualScopics Inc., Volcano Corp.

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