Danaher Disappoints with Q3:23 Sales and Profit Decline
Danaher Corp. (NYSE: DHR), a well-known player in the medical device market, recently unveiled its third-quarter financial results on October 24. With a global presence, Danaher specializes in the design, manufacture and distribution of professional, medical, industrial and commercial products and services. The latest earnings report painted a somber picture for Danaher, as the company grappled with a decline in both sales and profits compared to the previous year. This underwhelming performance came as the pharma and biotech sectors experienced a broader loss of momentum in critical markets. “Pharma and biotech took a modest step down, and that was particularly the case in the U.S. In... Read More »
Atlantic Street Capital Announces Acquisition of Brown’s Medical Imaging
Atlantic Street Capital (ASC) has announced the acquisition of Omaha, Nebraska-based Brown’s Medical Imaging. Founded in 1995, Brown’s Medical Imaging is a medical imaging solutions company providing equipment, service, maintenance, services and support to hospitals, physician practices and ambulatory service centers across the Midwest. Key products include a broad suite of medical imaging equipment including X-ray machines, mammography systems, CT scanners, ultrasound machines, MRI systems and surgical C-arm systems. Customer practice specialties include orthopedics, radiology, pulmonology, veterinary, chiropractic, urology, podiatry and urgent care centers. ASC is... Read More »
Brown Rudnick Advises EDX Medical in Acquisition of Hutano Diagnostics
Brown Rudnick, an international law firm representing clients around the world, has advised EDX Medical Group on its share-for-share acquisition of Oxford-based Hutano Diagnostics Ltd. The deal was originally announced on September 27, but Brown Rudnick’s involvement in the transaction wasn’t announced until October 10. Hutano Diagnostics is a start-up developing a diagnostic and surveillance platform for diseases caused by emerging and dangerous pathogens that cause recurring epidemics in Africa. The company is currently developing an Ebola diagnostic and surveillance platform. Founded in 2022, EDX Medical is a developer of digital diagnostic products and services for the... Read More »
LabGenomics USA Acquires QDx Pathology
LabGenomics USA announces its acquisition of Edison, New Jersey-based QDx Pathology Services. QDx Pathology Services is an independent, full-service molecular and anatomical pathology laboratory in Edison, New Jersey. The company was founded in 2006. LabGenomics USA, a subsidiary of South Korea-based LabGenomics Co., Ltd., is a healthcare company specializing in molecular diagnostics. It is based in Fountain Valley, California. The acquisition is expected to have significant implications for the future of both companies and the industry, according to the press release. The financial terms of the acquisition were not disclosed. According to data captured in... Read More »
Danaher Corporation Acquires Abcam plc for $5.7 Billion
Danaher Corporation announced on August 28 that it has entered into a definitive agreement to acquire Abcam plc. According to data captured in the LevinPro HC database, this acquisition represents the 94th Laboratories, MRI and Dialysis transaction of 2023. Danaher will acquire all the currently outstanding shares of Abcam at a price of $24.00 per share in cash. In total, this acquisition is valued at approximately $5.7 billion, which factors in assumed debts and deducts acquired cash. Abcam Plc is a global life science company, which distributes antibodies and associated protein research tools. Its products include primary and secondary antibodies, proteins, peptides, lysates,... Read More »Schedule a demo
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