Mergers and Acquisitions

Device household name Stryker spreads its wings far beyond Orthopaedics these days, as evidenced with its newly announced acquisition of German surgical equipment maker Berchtold Holding, AG for an enterprise value of $172 million.

Putting a few troubled years behind it, US Sports med, Spine and ENT device maker ArthroCare has been acquired by Smith and Nephew in a deal that values the Austin, Texas outfit at $1.7 Billion.

Wright Medical Group, Inc. has acquired Solana Surgical, LLC and entered into a definitive agreement to acquire OrthoPro, LLC (OrthoPro), both of which it describes as privately held, high growth extremity companies.

Abyrx™, Inc., has announced it has entered the soft tissue hemostasis market with a commercial deal with Chinese company Haibo Biotechnology Institute’s (HBI) proprietary resorbable plant-derived soft tissue hemostat technology platform.

daVinci company Intuitive Surgical is to acquire a “shape-sensing” technology from its developer, Luna Innovations Inc. in a deal worth up to $30 million.

Global Pharma company Shire plc, is to sell what it calls its “Dermagraft assets” to Organogenesis Inc. for what could add up to $300 million, but for now looks like a $650 million loss.

Covidien has completed the sale of its Confluent Surgical product line to Integra LifeSciences Corporation for approximately $235 million in cash and is seemingly pleased to be rid of it. Integra will benefit from a highly complementary product.

In a deal worth $4.15 billion, private equity company The Carlyle Group is to acquire Johnson and Johnson’s Ortho-Clinical diagnostics business, signalling J&J’s departure from in-vitro diagnostic services business.

CareFusion has completed the acquisition of Vital Signs from GE healthcare in the U.S., China and certain other geographies.

We’ve covered TYRX’s clever antibacterial, FDA cleared, device envelopes before, mainly because it’s an interesting concept. Medtronic thinks so… it likes it so much it’s bought the company.

Stryker Corporation is to acquire Patient Safety Technologies, Inc. for an aggregate purchase price of $120 million. Patient Safety Technologies conducts its business through its wholly owned subsidiary, SurgiCount Medical, Inc. The transaction is expected to close in the first quarter of 2014.

Afib device specialist AtriCure, Inc., has entered into a definitive merger agreement with Endoscopic Technologies, Inc. d/b/a Estech (“Estech”). AtriCure … continue reading “AtriCure Brings Estech into the Fold”

Covidien plc is to acquire Israeli Pillcam® purveyor Given Imaging, Ltd. in a deal worth $860 million net of cash and investments.

CareFusion’s widely publicised acquisition of Vital Signs from GE healthcare will be the company’s eighth acquisition since 2010 and at $500 million looks a steal compared with what GE paid only five years ago.

Teleflex is on something of a roll at the moment with Q3 revenue figures looking extremely healthy across product ranges and geographies, earnings forecasts increased and a juicy new acquisition in the form of bone-access device specialist, Vidacare, Inc.

Integra LifeSciences Holdings Corporation is to acquire Covidien’s Confluent Surgical product lines, including surgical sealants, adhesion barrier, and, most significantly, … continue reading “Integra Seals Duraseal™ Deal”