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

Webinar: The top medtech stories of 2017 – Jan. 30

Tuesday, January 30, 2018 2:00pm ET / 11:00 PT     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. MDO’s managing editor Chris Newmarker will

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

Alpha Source acquires BC Technical

Alpha Source announced that it has acquired BC Technical. The financial details of the deal were not immediately disclosed. The acquisition helps Alpha Source (Milwaukee, Wis.) double the size of its full service, imaging services and equipment repair solutions in the U.S. The company also says that the deal will expand its ultrasound and bone

Proto Labs acquires Rapid Manufacturing Group

Proto Labs has recently entered a definitive agreement that allows them to acquire Rapid Manufacturing Group. The company has agreed to purchase Rapid Manufacturing for $120 million – broken down into $110 million in cash and $10 million in Proto Labs stock. The transaction is set to close by the end of this year. The

Phillips-Medisize sells Medisize BV business in Europe

Phillips-Medisize has sold its Medisize BV business to U.K.-based Flexicare, the companies announced today. Financial terms of the deal were not disclosed. Medisize BV is a manufacturer specializing in a wide array of respiratory and anesthesia products for critical care, neonatology, emergency, homecare and radiology. It has operations in the Netherlands, and subsidiaries in Germany

GW Plastics merges with NeraTek

GW Plastics announced that it is merging NeraTek Limited into Avenue Mould Solutions, a company GW Plastics recently acquired. NeraTek offers product development, 3D printing, additive manufacturing and prototype design services for medical device and pharmaceutical companies. Based in Sligo, Ireland, the merder will help expand GW Plastics’s product development reach into Europe. Founder and

EQT acquires Clinical Innovations

EQT Mid Market US fund has acquired a majority stake in the company Clinical Innovations. Financial details of the deal were not immediately disclosed. Clinical Innovations recently expanded its product portfolio to serve the neonatal intensive care unit. Headquartered in Salt Lake City, it develops products like the Kiwi vacuum-assisted delivery system and Koala intrauterine

Factory CRO acquires MileStone Research Organization

Factory CRO announced that it has acquired MileStone Research Organization. The financial details of the deal were not disclosed. “The merger with MileStone is an important step in building Factory’s operational strength and service range in North America,” Dirk Meijer, Factory CRO’s CEO, said. “MileStone is an excellent fit therapeutically, as well as culturally, and

PE Firm Genstar Capital acquires TekniPlex

Private equity firm Genstar Capital said this week it acquired advanced product manufacturer TekniPlex for an undisclosed amount. Wayne, Pa.–based Tekni-Plex develops products including medical tubings and compounds, pharma barrier films, dispensing components, closure liners and food packaging, the company said. “We are excited to be partnering with a proven, energetic and action-oriented management team. 

Dynatronics closes Bird & Cronin buy

Dynatronics said early this month it closed its acquisition of orthopedic manufacturer Bird & Cronin after signing an agreement to purchase the company on Sept. 27. Cottonwood Heights, Utah-based Dynatronics also raised a total of $11 million in 2 different funding round, according to an SEC filing, with funds slated to support the acquisition. A