Vyaire Medical said yesterday it acquired neonatal ventilation equipment developer Acutronic for an undisclosed amount, and said it inked a deal to acquire mechanical ventilation dev IMTmedical. Both of the new acquisitions are based in Europe, with Acutronic split between Switzerland and Germany and IMTmedical based solely in Switzerland, Chicago-based Vyaire Medical said. “The transactions […]
Vyaire Medical to close Minnesota plant, eliminate 50 jobs
Vyaire Medical is looking to close its manufacturing facility in Plymouth, Minn., cutting the jobs of approximately 50 employees, according to a Twin Cities Business report. The closure and layoffs are expected to be permanent and are slated to go into effect on June 30, according to the report. Vyaire Medical has not yet commented […]
BD to divest stake in Vyaire Medical to Apax Partners in $435m deal
Becton Dickinson (NYSE:BDX) said today it agreed to divest itself of its minority stake in respiratory solutions joint venture Vyaire Medical to joint manager Apax Partners in a deal worth $435 million. The sale will put Vyaire Medical, which Apax and BD formed in 2016 around BD’s ventilation, respiratory diagnostics, vital signs and AirLife businesses, under direct control […]
FDA recall of Vyaire AirLife humidification chambers is Class I
The FDA today released a Class I recall notice for select Vyaire Medical AirLife humidification chambers and heated breathing circuit kits over a manufacturing error that could cause the chamber to split and allow water into the patient’s breathing circuit. Class I recall designations, the FDA’s most serious classification of recall, are used when there […]
Vyaire Medical acquires Revolutionary Medical Devices
Vyaire Medical, a joint venture from Becton Dickinson & Co. (NYSE:BDX) and Apax Partners, said today it acquired airway management developer Revolutionary Medical Devices for an undisclosed amount. Tucson, Ariz.-based Revolutionary Medical Devices’ main product is the SuperNO2VA, a noninvasive nasal positive airway pressure ventilation system designed to treat respiratory insufficiency from collapsed airways during or […]
BD, Apax Partners close Vyaire respiratory JV deal, tap ex-Tornier chief Mowry for CEO
Becton Dickinson & Co. (NYSE:BDX) said today it finalized the launch of a respiratory solutions joint venture with Apax Partners under the Vyaire Medical brand. The deal, which the companies announced in March, will put a controlling 50.1% of BD’s respiratory solutions business under the control of the private equity shop, and put former Tornier (NSDQ:TRNX) chief exec […]
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