Mergers and Acquisitions

St. Jude Medical, Inc. has completed its acquisition of CardioMEMS, Inc., developer of the CardioMEMS™ HF System. The acquisition was completed on May 30, 2014.

Less than six weeks after making the announcement that it was to acquire AccessClosure, Cardinal Health has now seen the deal completed, marking the start of its Interventional Vascular journey. The $320 million acquisition was an all-cash transaction.

OPKO Health, Inc. has entered into a definitive agreement to acquire Israeli medical device company Inspiro Medical Ltd. and its Inspiromatic™, a “smart” easy-to-use dry powder inhaler with several claimed advantages over existing devices.

Two of the giants of the orthopedic industry are to become one, with the news that Zimmer and Biomet’s board have agreed to an acquisition. Biomet will cost Zimmer a reported $13.35 Billion, and will still be accretive in its first year.

Medline Industries, Inc. has announced its acquisition of the anterior cervical fusion distraction pin business from Amendia, a recognized leading provider of innovative Class II and Class III medical devices used in spinal surgical procedures.

Back in February 2014 we covered the news that Stryker Corporation was to acquire healthcare infrastructure business, Berchtold Holdings in a deal worth $172 million. Now that deal has gone through.

Medtronic has signalled its intent to get to the sharp end in a significant market, by acquiring a majority of the shares of Biostar, which will assume the distribution of Medtronic products in Turkey. Former distributor Medicall Biomedikal A.S. will assume management responsibilities.

Cardinal Health has announced an agreement to acquire privately held extravascular closure device, AccessClosure, Inc., for $320 million, in a deal that is expected to close by early June 2014.

Aptiv Solutions is to be acquired by ICON plc, for a cash consideration of $143.5 million, in a move that Icon says will enhance its own operations by helping customers identify promising drug candidates earlier.

Pretty complicated looking deal, but at the end of it CryoLife comes out with a nice adjunct to its vascular access graft portfolio.

Italian Cardiovascular device company Sorin Group has announced the purchase of the Oscor Inc. lead business, including a lead manufacturing facility in the Dominican Republic for an aggregate value of approximately $20 million (Eur15.4 million).

Stryker Corporation tells us it has completed its previously announced all-cash acquisition of Pivot Medical Inc., a move the Kalamazoo device company will hope enhances its position in the orthopaedic sports medicine and arthroscopy specialties.

Quite a time for AngioDynamics. First the company gets news that another iteration of its successful BioFlo platform has gained FDA’s nod. Then, its distribution partner Medcomp gets the FDA’s knock-back over its 510(k) submission for the Celerity tip location system, leading AngioDynamics to take over the regulatory reigns there too.

An implantable drug delivery pump forms the basis of a new company, Medallion Therapeutics, Inc., which has sprung from the Alfred Mann Foundation (AMF) for Scientific Research.

Two months after announcing the agreement to acquire Given Imaging Ltd., Covidien now tells us it has completed the deal, which means the medtech giant now has a highly complementary range of swallowable endoscopic cameras in its bag.

Stryker Corporation is to acquire Pivot Medical, Inc., developer of  innovative products for hip arthroscopy in a deal the details … continue reading “Stryker to Acquire Hip Arthroscopy Company, Pivot Medical”