Mergers and Acquisitions

Circulatory support device company HeartWare International, Inc., has announced the closing of the acquisition of World Heart Corporation for a reported $8M in common stock, following the approval of the transaction today by World Heart stockholders.

Hill-Rom has completed its acquisition of Aspen Surgical Holdings in a move which the Batesville, Indiana outfit believes will enhance its presence in the surgical products market.

Steris Corporation is to acquire United States Endoscopy Group, Inc. and in so doing significantly expand its presence in the gastrointestinal(GI) procedural market with a franchise of proprietary, single-use consumable medical devices.

Sorin group is to acquire CalMed, Californian manufacturer of cardiovascular cannulae, in a move which will enhance the Italian company’s offering.

Covidien’s acquisition of Oridion Systems Ltd. is complete, expanding the medtech giant’s portfolio of key monitoring technology to include the Israeli company’s capability in airway management.

Teleflex Incorporated has acquired Semprus BioSciences who’s core Semprus Sustain™ Technology for coating devices is designed to reduce the attachment of platelets and blood proteins at the device surface.

Precision Spine, Inc. has announced its purchase of Spinal USA, LLC and Precision Medical of Mississippi, LLC , privately held medical device companies headquartered in Pearl, MS, in a transaction valued at approximately $72 million.

News, views, opinions, events from another week keeping a close eye on medical device technology.

According to a news release from Reuters agency, Johnson & Johnson has, as expected, won U.S. antitrust approval to buy Swiss medical device company Synthes Inc. if it sells its system for surgically treating serious wrist fractures, and related assets (to Biomet Inc.), the Federal Trade Commission said on Monday.

Device company Mindray Medical International Limited, is to acquire a controlling stake of Wuhan Dragonbio Surgical Implant Co., Ltd. signalling its intent in the trauma, spine, joint and other surgical products arena.

Boston Scientific has finalised its acquisition of Cameron Health and in so doing adds the first and only commercially available subcutaneous “leadless” ICD technology to its portfolio.

Synergy Health plc, and SRI/Surgical Express, Inc have announced they have entered into a definitive merger agreement. The deal brings together Synergy’s outsourced sterilisation services with SRI’s US based central processing and supply chain management services.

CareFusion today announced the acquisition of its UK distributor, aptly named U.K. Medical Limited, in a deal which reinforces its strategy of building a strong, direct presence in key markets.

The completion of the previously announced merger between Johnson & Johnson and Synthes may take place as early as next Thursday, June 14, as clearances are anticipated.

Mölnlycke Health Care has announced that it has acquired a pioneering electrical stimulation technology that is said to help accelerate wound healing. The product, currently marketed under the name of woundEL® has been purchased from Gerromed GmbH and is in an early phase of commercialisation.

ConvaTec has followed up its May announcement of the acquisition of AbViser Medical, LLC with the news that its ostomy systems range is to expand with the acquisition of UK company Trio Healthcare International Ltd.