Mergers and Acquisitions

Wright Medical Group, Inc. is to acquire French ortho extremity company Biotech International for $80 million. It says this will significantly expand Wright’s direct sales channel in France and international distribution network and add Biotech’s complementary extremity product portfolio.

Biomet Spine is to get a host of range enhancements with the incorporation of newly acquired Lanx, Inc.’s range, including its Timberline® Lateral Approach Fusion System, pictured.

So CryoLife had a stake in hemostat maker Medafor. Medafor sells up to CR Bard, giving CryoLife a very healthy return on its investment. Even better is the fact that it has its own hemostat already out there in certain markets and en route to US approval.

Teleflex has acquired Israeli device development company Innolap’s microlaparoscopy platform for scarless laparoscopic procedures. The company’s novel device reduces incision diameter, nearly eliminating the need for stitches and enabling surgeons the ability to perform scarless laparoscopic surgeries.

KCI is bringing together recently acquired Systagenix and LifeCell to form what it calls one “globally diversified wound care, biologics and … continue reading “KCI, LifeCell and Systagenix Combine Into One “Transformational Healing Solutions” Company”

Mako Surgical Corp. is one of today’s bigger fish in robotic surgery, although it’s had to overcome some choppy waters to get here. Now Stryker has got its teeth into the Florida based robot-assisted knee joint resurfacing outfit, to the tune of a $1.65Bn takeover.

Cardiovascular technology company Volcano Corporation has signed an agreement to acquire the Pioneer Plus™ diagnostic ultrasound transducer and percutaneous catheter from Medtronic, Inc. in a transaction that is expected to close by the end of August.

Abbott has expanded its global peripheral technology portfolio with the acquisition of IDEV Technologies, a privately held company focused on developing next-generation medical devices for use by interventional radiologists, vascular surgeons and interventional cardiologists.

C. R. Bard, Inc. is to acquire privately-held Medafor, Inc., a leading developer and supplier of plant based hemostatic agents. The purchase price of $200 million will be paid at closing, expected to occur later this year, and future contingent payments up to an additional $80 million are based on specific revenue-based milestones through June 30, 2015.

St. Jude Medical adds ablation catheter with contact-force measurement to its industry-leading atrial fibrillation portfolio and accelerates U.S. timeline for AF ablation indication.

Last month we trailed the forthcoming acquisition by Abbott of privately held ophthalmic device company OptiMedica Corporation. And now the ink’s drying on the deal which sees Abbott’s vision care business expand into the femtosecond laser-assisted cataract surgery market.

SafeStitch Medical, Inc. has entered into a definitive agreement to merge with robot-assisted device company TransEnterix, Inc. The collaboration is expected to leverage the strengths of both companies and is accompanied by a $30M private placement to help oil the wheels.

Medtronic, Inc. has announced the closing of the acquisition of Cardiocom, a privately held developer and provider of integrated telehealth … continue reading “Medtronic Buys Cardiocom in Broader “Healthcare” Initiative”

Prostate cancer device specialist Theragenics Corporation®, has signed a definitive merger agreement, which will see all of the outstanding common … continue reading “Theragenics Sells to Investors”

Kinetic Concepts, Inc.(KCI) is to acquire UK-based Systagenix, an established provider of advanced wound care (AWC) products, for a purchase … continue reading “KCI in Full Growth Mode with Systagenix Acquisition”

Abbott’s purse strings are undeniably loose as it announces another acquisition, this time of ophthalmic device company OptiMedica Corporation. The acquisition will enable Abbott to expand its vision care business into the femtosecond laser-assisted cataract surgery market.