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

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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,

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