MedPlast acquires Coastal Life

MedPlast announced that it has acquired Coastal Life Technologies, its second acquisition in a three-month span. The financial details of the deal were not disclosed. MedPlast is working to expand its services and network of global manufacturing facilities to the world’s largest OEM. The acquisition of Coastal Life extends MedPlasts medical device assembly sites to

NexCore Tech picks up Phase 2 Medical Manufacturing

Nexcore Technology said today it acquired Phase 2 Medical Manufacturing for an undisclosed amount. Phase 2 manufactures a wide variety of Class I, II and II single-use instruments and disposable medical devices, Waldwick, N.J.-based Nexcore said. Phase 2 has locations in Rochester, N.H., Lafayette, Colo and Tijuana. “Phase 2 has developed a world-class team that

Agilent Tech pays $52m for Raman spectroscopy developer Cobalt

Agilent Technologies said today it’s acquired U.K.-based Raman spectroscopic instrument developer Cobalt Light Systems for $51.5 million (GBP £40 million). Cobalt develops benchtop and handheld Raman spectroscopic instruments based on proprietary technologies to enable through-barrier identification of chemicals and materials, the company said. “Raman spectroscopy is one of the fastest-growing segments in spectroscopy. This acquisition

NuPak Medical acquired by largest customer Katena

Medical device contract manufacturer NuPak Medical has been acquired by its biggest customer, Katena Products, according to an Xconomy report. San Antonio, Texas-based NuPak Medical manufactures products including dental implants, orthopedic devices, diabetes infusion sets and surgical instruments, according to the report. NuPak’s full employee roster of 18 individuals will remain with the company after

Acessa Health closes bankruptcy buyout of Halt Medical, raises $30M

Acessa Health said today that it closed the bankruptcy buyout of Halt Medical and promptly raised a Series A round worth $30 million. The Acessa device is designed to treat uterine fibroids using radiofrequency ablation. Its successor namesake emerged after a Delaware federal bankruptcy judge earlier this month approved the bankruptcy sale, which was designed to keep the

Here are the top 5 medtech stories of mid-2017

The middle of 2017 is shaping up to be a continued whirlwind of activity for medtech. FDA is getting used to its new leadership but is facing a continued lack of clarity on user fees and UDIs. Industry is seeing a deeper consolidation in medical supplies, exemplified in Cardinal Health’s purchase of patient recovery supplies from

Pages: 1 2 3 4 5 6

Pamplona Capital to acquire Parexel in $5B deal

Parexel said today that it would go private after Pamplona Capital agreed to buy the pharmaceutical research services company in a deal valued at $5 billion. Pamplona is slated to pay $88.10 per share for Parexel, which is a 5% premium to the stock’s close on Monday. Activist investors, such as Starboard Value, have been

Cretex Companies acquires Quality Tech Services

Cretex Companies (Elk River, Minn.) has announced that it has acquired Quality Tech Services (Bloomington, Minn.). The financial details of the deal were not disclosed. Quality Tech Services serves a number of OEMs for the orthopedic, neurology, pulmonary, dental and other medical device markets. It specializes in cleanroom assembly, packaging and labeling, sterilization management, process

Key Surgical and Interlock merging to create OR supplies giant

Interlock Medizintechnik and Key Surgical today announced that they are merging to create one of the world’s largest providers of sterile processing and operating room supplies. Strategic investor Water Street Healthcare Partners facilitated the deal between Lensahn, Germany–based Interlock and Eden Prairie, Minn.–based Key Surgical, investing in the newly combined company. The deal follows on Interlock’s

Daylight Medical sells disinfecting portfolio to Diversey Care

Daylight Medical announced that it has sold its UVC disinfection business to Sealed Air’s Diversey Care. The financial details of the deal were not disclosed. Included in the deal are Daylight Medical’s MoonBeam3 disinfection system, SKY 6Xi and 7Xi devices. The devices are designed to disinfect patient rooms, surfaces, non-critical equipment and devices. By using

DoubleBlack Imaging buys Richardson Healthcare’s PACS imaging display biz

Richardson Electronics said last week it is selling its picture archiving and communications systems display business, including its Image Systems brand, to Double Black Imaging for an undisclosed amount. The Image Systems portfolio includes 2MP through 6MP color and grayscale displays as well as proprietary CFS calibration software designed to simplify conformance and calibration of

Chiltern acquires Integrated Development Associates

Contract research organization Chiltern announced today that it is expanding its Japanese and Asian presence through its purchase of Integrated Development Associates. Financial terms of the deal were not disclosed. IDA has staff in Japan, Korea and Southeast Asia – and offers opportunities to integrate the region into global drug development, according to Chiltern. IDA’s expertise includes

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,