Stryker Expands Interventional Pain Management Solutions With Vertos Medical
Stryker, a global leader in medical technologies, announced today a definitive agreement to acquire Vertos Medical Inc., a privately held company providing a minimally invasive solution for treating chronic lower back pain caused by lumbar spinal stenosis. Vertos Medical is a privately held medical device company that develops, manufactures, and sells surgical instruments to perform minimally invasive procedures intended to treat lumbar spinal stenosis. Founded in 2005, the company is currently headquartered in Aliso Viejo, California. Stryker develops, manufactures and markets specialty surgical and medical products. These include orthopedic implants, powered surgical instruments,... Read More »
PE-Backed Vantedge Medical Completes Acquisition of Hobson & Motzer
Vantedge Medical, a portfolio company of New York-based private equity firm Aterian Investment Partners since May 2018, announced the acquisition of Hobson & Motzer, Inc. in Durham, Connecticut. Founded in 1912, Hobson & Motzer is a manufacturer of tight tolerance consumable medical devices primarily for the global surgical stapler industry. For decades, Hobson has been partnered with leading medical device manufacturers. The company’s core capabilities include computer numerical control machining, stamping, tooling and other finishing and assembly services. Headquartered in San Jose, California, Vantedge Medical specializes in providing manufacturing solutions to its... Read More »
Johnson & Johnson to Acquire V-Wave for $600 Million
On August 20, Johnson & Johnson (J&J) announced that it entered into an agreement to acquire V-Wave Ltd. for an upfront price of $600 million. V-Wave is a privately held medical device company that was established in 2009 and is focused on developing innovative treatment options for people living with heart failure and cardiovascular disease. V-Wave’s cardiovascular implant technology specifically targets heart failure with reduced ejection fraction. The company is based in Pardes Hana – Karkur, Israel. J&J is one of the largest global healthcare and pharmaceutical companies with more than 130,000 employees worldwide. Its business lines include... Read More »
Hologic Completes Acquisition of Endomagnetics
Hologic, Inc. announced on July 25 that it completed its previously announced acquisition of Endomagnetics Ltd, a privately held UK-based developer of breast cancer surgery technologies, for approximately $310 million. Endomagnetics, also called Endomag, develops and sells breast surgery localization and lymphatic tracing technologies. The Cambridge, United Kingdom-based company was founded in 2007 and produces surgical guidance products that assist surgeons in locating and removing cancerous tumors, predominantly for breast cancer surgery. Its products include the Magseed® marker for magnetic tissue localization before surgery, the Magtrace® lymphatic tracing injectable for breast cancer... Read More »
Earnings Week in Review: Healthcare Giants Navigate Growth and Hurdles
We’re taking a look at some of the major companies reporting earnings in the week of July 15-July 19, across a variety of sectors. UnitedHealth Group and Novartis showcased strong growth, while Johnson & Johnson and Elevance Health presented more mixed results. Abbott Laboratories also reported solid results, driven by its medical devices segment, while facing challenges in its diagnostics business due to waning COVID-19 testing demand. This week’s earnings reports offer insights into the broader healthcare industry’s performance and future trajectory. UnitedHealth Group UnitedHealth Group (UHG) demonstrated a significant turnaround in its second quarter of 2024, posting a... Read More »Schedule a demo
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