Expect high acquisitions, possible bidding wars in 2018, medtech expert says

Look for another strong year for medtech acquisitions in 2018 — and even potential bidding wars — predicts patent attorney David Dykeman. The wave of mergers and acquisitions in the medical device industry should continue this year, both in terms of value and volume, according to patent attorney David Dykeman. “Many large medtech companies are

This medtech CEO led his company to a $200 million buyout

Guiding a company through a merger or an acquisition can test a CEO’s leadership skills. Here’s how NinePoint Medical CEO, Christopher von Jako, led his former medtech company, NeuroTherm, through a deal with St. Jude Medical. When Christopher von Jako assumed the corner office at NeuroTherm in 2013, the company had gone through two other

Innovatus closes buyout of Bayer’s European imaging device service biz

Innovatus Imaging said yesterday it closed its acquisition of the European Bayer Multi Vendor Service business. Pittsburgh, Penn.-based Innovatus said that as part of the acquisition, the business will now operate under the moniker Innovatus Imaging Europe B.V. “The acquisition of the European Bayer MVS business and its team’s extensive expertise is the next step

Here’s why Protolabs acquired Rapid Manufacturing Group

When Protolabs acquired Nashua, N.H.–based Rapid Manufacturing Group late last year, the deal was about expanding Protolabs’ CNC machining capabilities. It also added sheet metal to Protolabs’ list of quick-turn manufacturing services. For Rapid, Protolabs buying the company offered the opportunity for Rapid to become, well, more rapid, Burke Bero, a product manager at Rapid, recently

NN Inc. acquires medical device developer, manufacturer Bridgemedica

Diversified industrial company NN Inc. (Nasdaq: NNBR) announced today that it has completed its acquisition of Bridgemedica — which provides design, development engineering, manufacturing and packaging services to the medical device industry. Financial terms of the deal were not disclosed. Mansfield, Mass.–based Bridgemedica on its website describes itself as a “medical device turnkey concept-to-supply partner providing

Hydrofera co-founder buys back business from Hollister

Hydrofera co-founder Tom Drury and a group of investors have bought back the Hydrofera business from Hollister. The sale closed Jan. 31, according to a news release out yesterday. Financial terms were not disclosed. The company ‘s Hydrofera Blue offerings are polyvinyl alcohol (PVA) foam products for medical applications. Drury had stayed on as Hydrofera’s COO after

Spectrum Plastics Group buys Apex Resource Technologies

Spectrum Plastics Group (Alpharetta, Ga.) is expanding its specialty products and design engineering offerings through its acquisition of Apex Resource Technologies. Financial terms of the deal were not disclosed in today’s announcement. Apex has more than 60 people at its 45,000-square-foot facility in Pittsfield, Mass., and is a full-service design engineering, tooling and injection molding operation.

Private equity-backed Regatta Medical buys majority stake in Resonetics

Private equity firm GTCR’s portfolio company Regatta Medical said today it acquired a majority stake in Resonetics, with its current management team led by CEO Tom Burns slated to continue their roles with the company. The deal, which included an increased investment from previous owner Sverica, is slated to close sometime in early February, Boston-based

Webinar: The top medtech stories of 2017

This webinar was presented live on Tuesday, January 30, 2018. Click below to watch on demand.     The medtech industry saw its transformation accelerate in 2017: Whether it’s the roster of largest companies, business models or the regulatory environment, times are a-changing. Competition is also heating up in areas including diabetes care and robotic

3 ways the medical device industry could evolve in 2018

Continued M&A, investment in long-term innovation, transforming business models – those are some of the ways the medical device industry could evolve this year, according to Jeff Greene, EY’s global life sciences transaction advisory services leader. EY today released its 2017 M&A Firepower Report: Life sciences deals and data, which analyzes three life sciences subsectors: biopharma, biotechnology

BD closes $24B Bard buy-out

Becton Dickinson & Co. (NYSE:BDX) said today that it completed its buy-out of C.R. Bard (NYSE:BCR). The combined company boasts $16 million in yearly revenue. The $317-per-share deal was first announced in April and in the past few months won conditional approval in the E.U., the U.S. and China. “Today is a historic day for BD as […]

7 top stories that mattered for medtech in 2017

The medtech industry saw its transformation accelerate in 2017: Whether it’s the roster of largest companies, business models or the regulatory environment, times are a-changing. Competition is also heating up in areas including diabetes care and robotic surgery. Here are seven stories that mattered for the medical device industry this year. Next>>

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Millar offloads telemetry product line to Kaha Sciences

Medical device and OEM company Millar said today it is selling its lifesciences telemetry product division to New Zealand-based Kaha Sciences. Houston-based Millar said the divestiture comes as the company looks to focus its efforts on the clinical and OEM business segments in a strategy that emerged earlier this year. Kaha Sciences has picked up a handful

Medline acquires Centurion Medical Products

Medline recently completed its previously announced acquisition of Centurion Medical Products – boosting offerings around the Medline Erase BSI line access and dressing change bundles. Financial terms of the deal were not disclosed. Medline’s Erase BSI is meant to standardize best practices around central lines post-insertion, reducing cases of bloodstream infections. On top of its minor procedure trays, Centurion makes vascular insertion

GI Plastek, Precision Southeast, Plastics Solutions merge to form PSI Molded Plastics

GI Plastek, Precision Southeast and Plastics Solutions have merged to form PSI Molded Plastics. The three companies are owned by Gladstone Investment. The merger allows for PSI Molded Plastics to provide its customers injection molded component requirements in one place, including large to small parts from low to high volumes. The company will also provide