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Bausch + Lomb Acquires AcuFocus

Bausch + Lomb Acquires AcuFocus

by | Jan 18, 2023 11:01 am | Medical Devices

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 Acquires Neovasc in $100 Million Deal

by | Jan 17, 2023 2:58 pm | Medical Devices

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 Acquires IMACTIS

by | Jan 10, 2023 3:38 pm | Medical Devices

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 Acquires Edge Precision Manufacturing

by | Jan 10, 2023 3:08 pm | Medical Devices

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 »
Shockwave Medical Acquires Neovasc in $100 Million Deal

Resonetics Acquires Memry Corporation, SAES Smart Materials for $900 Million

by | Jan 9, 2023 3:51 pm | Medical Devices

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

PE-Backed Cadence Announces Acquisition of Utitec

by | Jan 4, 2023 1:51 pm | Medical Devices, Private Equity

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 »