Teleflex Incorporated Acquires Palette Life Sciences for $600 Million

Teleflex Incorporated Acquires Palette Life Sciences for $600 Million

Teleflex Incorporated announced on July 26 that it acquired Palette Life Sciences AB for $600 million and up to an additional $50 million upon the achievement of certain commercial milestones. Palette Life Sciences is a fully integrated medical device company providing a wide range of products and services. Its portfolio of products focuses on treating conditions in urology/urogynecology disorders, colorectal conditions, radiotherapy and interventional oncology procedures. Headquartered in Stockholm, Sweden, the company operates offices in California, Texas, Australia and Japan. Palette Life Sciences is estimated to generate net sales of approximately $56 million, on a standalone basis, in... Read More »
Teleflex Incorporated Acquires Palette Life Sciences for $600 Million

PE-Backed Vantage Surgical Solutions Acquires Ophthalmic Surgical Solutions

Vantage Surgical Solutions, a portfolio company of private equity firm Pharos Capital Group, announced its acquisition of Ophthalmic Surgical Solutions (OSS). According to data captured in the LevinPro HC database, this transaction represents the 68th Medical Devices transaction of 2023. Founded in 2015, OSS is a Lecompton, Kansas-based company specializing in ophthalmic surgical equipment and services. Vantage Surgical Solutions is a leading provider of mobilized surgical solutions. Vantage has been equipping facilities for specialty surgical services since 1991, with customers in 23 states. The company currently delivers cataract surgery equipment, IOLs, instrumentation, disposables,... Read More »
ResMed Acquires Somnoware to Expand Sleep Management Offerings

ResMed Acquires Somnoware to Expand Sleep Management Offerings

ResMed announced its acquisition of Somnoware, a Sunnyvale, California-based provider of sleep and respiratory care diagnostics software. Somnoware is a cloud-based platform for enhanced respiratory care management. Somnoware designed its software to streamline the processes of physicians and sleep and pulmonary function testing labs as they diagnose and evaluate sleep and respiratory care test results. Through the platform, positive airway pressure (PAP) therapy can run more efficiently. The software can electronically provide PAP information directly into a patient’s electronic health record. ResMed develops, manufactures and markets medical equipment for the diagnosis, treatment and... Read More »
Luciole Medical Acquires Spiegelberg

Luciole Medical Acquires Spiegelberg

Luciole Medical AG, a Swiss medical technology company, announced on June 27 that it acquired Spiegelberg GmbH & Co. KG from SHS Capital. According to data captured in the LevinPro HC database, this transaction represents the 64th Medical Devices transaction of 2023.  Spiegelberg develops, produces and distributes products for intracranial pressure measurement, cerebrospinal fluid drainage and IAP measurement in more than sixty countries. The company is based in Hamburg, Germany. SHS Capital is a private equity firm in Tübingen, Germany. It has approximately $272 million in assets under management.  Luciole Medical AG is developing a unique next-generation platform of brain... Read More »
Gemspring Capital-Backed Zavation Acquires CoreLink

Gemspring Capital-Backed Zavation Acquires CoreLink

Zavation Medical Products, LLC, a portfolio company of Gemspring Capital, announced on June 26 that it has acquired CoreLink, LLC from The Stephens Group, LLC for an undisclosed price. According to data captured in the LevinPro HC database, this transaction marks the 62nd Medical Devices acquisition of 2023. The combination of Zavation and CoreLink brings together two highly complementary product portfolios across spine and interventional pain management, geographic footprints and customer bases spanning in-patient and outpatient delivery of care. Zavation and CoreLink will continue to operate under their respective brands and the combined business will be led by Zavation CEO Jeffrey... Read More »
International Isotopes Acquires AMICI’s Line of Nuclear Lung Ventilation Products

International Isotopes Acquires AMICI’s Line of Nuclear Lung Ventilation Products

International Isotopes, Inc. announced on June 21 that it acquired AMICI Inc.’s line of nuclear lung ventilation products. AMICI is a leading manufacturer and distributor of diagnostic and therapeutic products for lung ventilation. This includes masks, mouthpieces, backer/virus filters and the Swirler Radioaerosol System that maximizes airflow. The company was founded in 1978.  The acquisition of AMICI’s nuclear lung ventilation products includes the manufacturing molds, device registrations, trademarks and all production rights. International Isotopes supplies sodium iodide I-131 as an FDA approved generic drug product and manufactures a full range of nuclear medicine... Read More »