Companion Spine Acquires Backbone
New York-based Companion Spine LLC has acquired Backbone SAS. Founded in 2015 and based in France, Backbone designs, develops, manufactures and markets implantable medical devices for spine surgery. The acquisition of Backbone by Companion Spine strengthens the company’s scientific link with the School of Spine Surgery of the University of Bordeaux. Founded in 2020, Companion Spine specializes in the diagnosis and interventional and surgical treatment of spine conditions. Companion Spine’s technologies and solutions target degenerative disc disease and lumbar spinal stenosis. According to data captured from the LevinPro HC database, this acquisition represents the 11th Medical... Read More »
Bausch + Lomb Acquires AcuFocus
Bausch + Lomb Corporation, a subsidiary of Bausch Health, and AcuFocus, Inc. announced on January 17 that an affiliate of Bausch + Lomb has acquired AcuFocus, pursuant to a merger transaction with the parent company of AcuFocus. BofA Securities served as exclusive financial advisor to AcuFocus. Norton Rose Fulbright served as legal advisor to Bausch + Lomb, and Latham & Watkins LLP served as legal advisor to AcuFocus. Financial terms of the deal were not disclosed. AcuFocus is a privately held ophthalmic medical device company based in Irvine, California. AcuFocus has delivered breakthrough small aperture intraocular technology to address the diverse unmet needs in eye care, including... Read More »
Shockwave Medical Acquires Neovasc in $100 Million Deal
Shockwave Medical, Inc. has acquired Neovasc Inc. in a deal valued at approximately $100 million. Richmond, British Columbia-based Neovasc’s shareholders will also receive a potential deferred payment in the form of a non-tradable contingent value right entitling the holder to receive up to an additional $12 per share in cash if certain regulatory milestones are achieved. The transaction will be implemented by way of a court-approved plan of arrangement pursuant to the Canada Business Corporations Act, and is subject to customary closing conditions, including requisite Neovasc shareholder approval. Shockwave expects to complete the transaction in the first half of 2023. Neovasc is a... Read More »
GE Healthcare Acquires IMACTIS
GE Healthcare has acquired IMACTIS. Financial details of the transaction were not disclosed. GE Healthcare intends to fund the deal with cash on hand. IMACTIS, which is based in France, is an innovator in computed tomography interventional guidance across several care areas. GE Healthcare manufactures and distributes diagnostic imaging agents and radiopharmaceuticals for imaging modalities that are used in medical imaging procedures. The transaction is subject to customary closing conditions, including review by the relevant government authorities in France.Hogan Lovells acted as legal advisor and Apparius served as financial advisor to IMACTIS. Shearman & Sterling LLP acted as... Read More »