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 »
Zeon Corporation Acquires Edge Precision Manufacturing
Zeon Corporation, through its subsidiary Zeon Specialty Materials Inc., has purchased 100% of the shares of Edge Precision Manufacturing, Inc. from shareholders including venture capital funds managed by U.S. investment company Anzu Partners, LLC. Edge Precision Manufacturing is a manufacturer of micro featured thermoplastic devices. Zeon Corporation engages in the production and sale of synthetic rubbers and specialty plastics. Terms of the deal were not disclosed. According to data captured in the LevinPro HC database, this acquisition represents the fifth Medical Devices deal of 2023. There were 120 Medical Devices transactions announced in 2022. Read More »
Resonetics Acquires Memry Corporation, SAES Smart Materials for $900 Million
Resonetics has announced its acquisition of Memry Corporation and SAES Smart Materials, Inc. for $900 million. Headquartered in Bethel, Connecticut, Memry Corporation is a global market and technology leader in Nitinol components. Nickel titanium, also known as Nitinol, is a metal alloy of nickel and titanium, where the two elements are present in roughly equal atomic percentages. New Hartford, New York-based SAES Smart Materials creates the Nitinol raw material from nickel and titanium and converts it into various form factors. Resonetics, which acquired the companies from SAES Getters S.p.A., was founded in 1987. Resonetics is a pioneer in advanced engineering, product development,... Read More »
PE-Backed Cadence Announces Acquisition of Utitec
Cadence, Inc., a portfolio company of Kohlberg & Company since April 2018, announced on January 3 its acquisition of Utitec, Inc. in the first Medical Devices transaction of 2023. Brown Gibbons Lang & Company served as the exclusive financial advisor in the transaction. Terms of the deal were not disclosed. Utitec is a manufacturer specializing in miniature, deep drawn medical devices and commercial components. The company is headquartered in Watertown, Connecticut, with an additional medical facility located in Alajuela, Costa Rica. Cadence is a contract manufacturing partner, providing initial product design and development through complete manufacturing. Cadence employs more... Read More »
Summit Partners Credit Advisors invests in Orthotic Holdings Inc.
Summit Partners Credit Advisors announced its acquisition of Orthotic Holdings Inc. (OHI), a company that creates custom medical devices for healthcare providers who treat conditions associated with the lower extremities. OHI was founded in 2011 and is based out of Mesa, Arizona. It has seven orthopedic brands under its umbrella that all treat lower extremity conditions. A branch of Summit Partners, Summit Partners Credit Advisors is a leading provider of debt capital to private and public middle-market companies. It was founded in 2010. According to data captured from the LevinPro HC database, this acquisition marks the 121st Medical Devices deal of the year, and 26th of the quarter. The... Read More »Schedule a demo
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