Boston Scientific Acquires Majority Stake in Acotec Scientific for More Than $500 Million
Boston Scientific has entered into an agreement to acquire a majority stake in Acotec Scientific Holdings Limited. The proposed price is HK$20 per share, which represents a total upfront cash payment consideration of approximately $523 million USD for the 65% stake. Boston Scientific expects the impact to adjusted earnings per share to be immaterial in 2023 and the impact to GAAP earnings per share to be less accretive, or dilutive, as the case may be, due to amortization expense and acquisition-related net charges. The completion of the transaction, which is anticipated in the first half of 2023, is subject to acceptance and approval by Acotec shareholders and other conditions set forth... Read More »
KKR Acquires Clinisupplies from Healthium
KKR, a leading global investment firm, announced its agreement to acquire Clinisupplies from Healthium MedTech. Clinisupplies’ management team will continue to hold a minority position in the company. KKR is investing in Clinisupplies through KKR Health Care Strategic Growth Fund II, a $4.0 billion fund focused on investing in high-growth health care companies. KKR was advised by Houlihan Lokey, Gibson, Dunn & Crutcher LLP, PWC and BCG. The financial terms of the acquisition were not disclosed. Clinisupplies is a UK-based manufacturer and distributor of continence care products, including urinary collecting devices and catheters. Clinisupplies’ products are supplied to hospitals and... Read More »
Boston Scientific Acquires Apollo Endosurgery
Boston Scientific Corp., a biomedical/biotechnology engineering firm and multinational manufacturer of medical devices, announced on November 29 it acquired Apollo Endosurgery in a $615 million deal. Under terms of the deal, Boston Scientific will pay $10 per share to acquire Apollo Endosurgery. Boston Scientific expects to complete the deal in the first half of 2023 and the company expects the acquisition to be accretive to its earnings per share after 2023. Apollo Endosurgery is known for manufacturing medical devices used during endoluminal surgery procedures to close gastrointestinal defects, manage gastrointestinal complications and aid in weight loss for patients suffering from... Read More »
CAIRE Acquires MGC Diagnostics Holdings
Ball Ground, Georgia-based CAIRE Inc. has acquired MGC Diagnostics Holdings, Inc. MGC designs, develops, manufactures and markets non-invasive cardiorespiratory diagnostic systems, accessories and consumables for the detection, classification and management of cardiorespiratory disease. In addition to its St. Paul, Minnesota, headquarters, MGC has facilities in Belgium, Germany, France and Australia with more than 200 employees. Global oxygen equipment manufacturer CAIRE is a leader in pioneering technologies and market solutions in support of industrial applications to benefit commercial enterprises. According to the LevinPro HC database, this represents the 107th Medical Devices... Read More »
SS Innovation Merges With Avra Medical Robotics
SS Innovation has merged with Avra Medical Robotics. Orlando, Florida-based Avra Medical Robotics develops and manufactures surgical devices. It offers surgical robotic systems, surgical tools, implantable devices and surgical robotic training. The company develops a treatment-independent autonomous robotics system to deliver skin resurfacing treatments, such as micro-needling and laser therapies. The company was formerly known as Avra Surgical Microsystems and changed its name to Avra Medical Robotics in November 2015. SS Innovation is an Indian medtech startup founded by Dr. Sudhir Srivastava in 2016. The company aims to provide an advanced, cost-effective surgical robotic system through... Read More »Schedule a demo
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