RoundTable Healthcare Partners Sells Symmetry Surgical to Aspen Surgical

RoundTable Healthcare Partners Sells Symmetry Surgical to Aspen Surgical

by | Oct 27, 2022 2:58 pm | Medical Devices, Private Equity | 0 comments

Aspen Surgical, a portfolio company of Audax Private Equity, announced that it purchased Symmetry Surgical Inc. The company was sold by RoundTable Healthcare Partners, LLC. Terms were not disclosed.  William Blair and Baird acted as financial advisors to Symmetry. Gibson, Dunn & Crutcher LLP acted as exclusive legal advisor to RoundTable. The sale was completed on October 27, 2022.  Founded in 1999, Aspen Surgical is a medical equipment manufacturer based out of Caledonia, Michigan. It manufactures products such as blades/scalpels, needles, wound closures and surgical clamps.  Symmetry Surgical develops and delivers innovative surgical instruments for clinicians. It... Read More »
Robotic Surgery Firm Auris Health Goes to Johnson & Johnson

Robotic Surgery Firm Auris Health Goes to Johnson & Johnson

by | Feb 19, 2019 9:54 am | Medical Devices, Pharmaceuticals | 0 comments

Johnson & Johnson (NYSE: JNJ) announced it will acquire Auris Health, Inc., a privately held developer of robotic technologies. J&J will pay $3.5 billion upfront and $2.35 billion in milestones under the terms of the agreement. This is J&J’s first acquisition in the medical device sector since 2016, when it bought Abbott Medical Optics from Abbott (NYSE: ABT). Auris Health’s technology focuses on lung cancer, with an FDA-cleared platform currently used in bronchoscopic diagnostic and therapeutic procedures. This acquisition will accelerate J&J’s entry into robotics with potential to expand into other interventional applications. Robotic technology deals... Read More »
Robotic Surgery Firm Auris Health Goes to Johnson & Johnson

Medical Device Makers Upgrade with Digital Health Deals

by | Feb 1, 2019 3:14 pm | eHealth, Medical Devices | 0 comments

This week BioTelemetry, Inc. (NASDAQ: BEAT) purchased Geneva Healthcare, Inc. for $45 million, continuing the 2018 trend of medical device companies acquiring digital health groups. BioTelemetry provides cardiac monitoring device manufacturing and monitoring and wanted Geneva’s proprietary cloud-based platform. Its technology aggregates data from device manufacturers’ systems, enabling a company to remotely monitor a patient’s implantable cardiac devices such as pacemakers, defibrillators and loop recorders. Geneva’s platform provides physicians with a single portal to order patient monitoring, view monitoring results and request routine device checks.... Read More »