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Tandem Diabetes Care Acquires AMF Medical
Tandem Diabetes Care, Inc., a global insulin delivery and diabetes technology company, announced its acquisition of insulin patch pump developer AMF Medical SA. The transaction is subject to the satisfaction of customary closing conditions and is expected to close in January 2023. Baker & McKenzie served as legal advisor to Tandem Diabetes Care. SVB Securities LLC served as exclusive financial advisor and Homburger AG served as legal advisor to AMF Medical. Terms of the deal were not disclosed. Founded in 2006, Tandem Diabetes manufactures the t:slim X2 insulin pump with Control IQ technology. AMF Medical SA is the privately held Swiss developer of the Sigi™ Patch Pump. The Sigi Patch... Read More »
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 »Schedule a demo
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