Spectrum Plastics Group: Why the merger took place

The M&A deal creating Spectrum Plastics Group is but the latest in a wave of consolidations taking place among medical device industry outsourcers. Mauricio Arellano, president of Spectrum’s medical division, thinks 2 trends are driving the consolidations: the need of OEMs to provide truly disruptive innovations to meet health providers needs for value-based care, and

Cardiff Int’l to acquire medical device maker MedicaMetrix

Cardiff International (OTCQB:CDIF) said today that it has agreed to acquire MedicaMetrix as a subsidiary in an all-stock transaction valued at $6 million. Delaware-based MedicaMetrix has developed a medical device, ProstaMetric, that enables more effective prostate cancer diagnosis and monitoring. The device won CE Mark clearance in the European Union in October last year and has

PE shop Kohlberg & Co. closes Pexco buyout, rebrands as Spectrum Plastics

Private equity giant Kohlberg & Co. said this week that it closed its buyout of specialty plastics manufacturer Pexco and merged the business with its PPC Industries holding, which also includes Kelpac Medical. The PE shop said it plans to focus the new group, re-branded as Spectrum Plastics, on the medical device market. Offerings include multiple thermoplastic and silicone tubing extrusion,

TE Connectivity acquires MicroGroup

TE Connectivity has acquired MicroGroup, a Medway, Mass.–based provider of precision metal shafts for medical devices. The deal, which TE Medical SVP and general manager Paraic Curtis announced in a message to customers on May 1, is but the latest in a number of acquisitions TE has made in recent years to strengthen its medical device

Underwriters Laboratories acquires Emergo Group

Global safety science company Underwriters Laboratories (UL) has acquired Emergo, a privately held firm that provides regulatory services and market access services to medical device manufacturers. The financial details of the acquisition were not disclosed. The acquisition, announced yesterday, combines UL’s range of services to support global regulatory approvals for the health sciences industry with

Becton Dickinson to acquire Bard in $24B deal

Becton Dickinson (NYSE:BDX) has inked an agreement with C. R. Bard (NYSE:BCR) to acquire the medtech company for $317.00 per Bard common share in cash and stock, valuing the deal at $24 billion. In announcing the deal yesterday, Franklin Lakes, N.J.-based BD said it plans to create a new segment within the company, BD Interventional, to

Beaver-Visitec International to acquire Malosa Medical

Beaver-Visitec International – a developer, manufacturer, and marketer of specialized surgical devices for the ophthalmic marketplace– announced today that it has acquired Malosa Medical. Malosa Medical is a manufacturer and supplier of single-use surgical instruments, primarily for use in the field of ophthalmology. Additional terms of the transaction were not disclosed. “Fueled by an aging

Piezo Kinetics buys Channel Technologies Group’s ceramics division

Piezo Kinetics, a manufacturer of specialty piezoelectric ceramic elements and assemblies, has acquired Channel Technologies Group’s Ceramics Division assets, including all powder formulations and inventories of finished products. The Santa Barbara, Calif.–based ceramics subsidiary manufactures piezoelectric ceramics for the medical, energy, defense and commercial maritime industries. Financial terms of the cash acquisition were not disclosed. Piezo

Medtech stories we missed this week: April 14, 2017

From FDA approvals to business expansion plans, here are medtech stories we missed this week but thought were still worth mentioning. 1. BioTelemetry launches offer to acquire LifeWatch BioTelemetry and LifeWatch announced in an April 9 press release that the 2 companies have entered a transaction agreement that states BioTelemetry will launch a tender offer to acquire all

Gurnet Point buys Innocoll holdings for $209m

Healthcare investment fund Gurnet Point said today it will acquire Innocoll Holdings for approximately $209 million. Gurnet will put up $1.75 per share in cash and up to $4.90 in cash from a contingent value right, for a potential share value up to $6.65, the company said. During the offer period, Gurnet said it plans to

Dynatronics raises $8m for Hausmann assets buy

Dynatronics this week raised raised $7.8 million in a new round of equity and mixed funding to cover its acquisition Hausman Industries assets, including physical therapy and athletic training products. Money came from 17 unnamed investors, with the company hoping to bring in an additional $1.2 million before closing the round. All funds raised during

Concordance Healthcare Solutions acquires Rockwell Medical Supply

Concordance Healthcare Solutions announced today that it has acquired Rockwell Medical Supply. The financial details of the acquisition were not immediately available. The deal marks further expansion for Concordance, which is already one of the largest, independent healthcare distributors in the U.S. It has distribution centers across the country and serves two-third of the healthcare

Watershed acquires 3D printer Additive Innovations

Medical device incubator Watershed said it paid an unspecified amount to acquire 3D printer Additive Innovations. The new company, operating under the Watershed umbrella, named Additive Innovations founder Nick Cordaro as CEO. Watershed, founded last September by VC shop Fountainhead Investment Partners, will be run out of Encinitas, Calif., and San Antonio, the company said.

Cantel Medical closes CR Kennedy endoscopy assets buy

Cantel Medical (NYSE:CMN) said today it closed its buy of endoscopy business assets from Australian distributor CR Kennedy. The assets picked up by Little Falls, N.J.-based Cantel include its Mediators-branded automated endoscope reprocessors, chemistries and procedure room products. The sale also includes a full sales and service organization from CR Kennedy, the company said. Read the full

Nelipak acquires Computer Designs

Nelipak said today that it has closed on its buy of thermoforming company Computer Designs (Whitehall, Pa.), which Nelipak will operate under the Nelipak Healthcare Packaging name. Financial terms of the deal were not disclosed. Computer Designs makes thermoformed rigid packaging including trays, clamshells, and blisters, with manufacturing facilities in Pennsylvania, North Carolina, Arizona and Puerto