Merit Medical Acquires Florida-Based Biolife Delaware
Merit Medical announced on May 20 that it acquired Biolife Delaware in a merger transaction through which Biolife has become a wholly-owned subsidiary of Merit. The aggregate transaction consideration, paid in cash and assumption of Biolife liabilities, was approximately $120 million. Headquartered in Sarasota, Florida, Biolife Delaware manufactures unique patented hemostatic devices under the brand names StatSeal and WoundSeal. Merit Medical develops, manufactures and markets medical devices for interventional and diagnostic procedures worldwide. According to its FY 2024 earnings report, the company announced $1.35 billion in revenues during the full year of 2024. This strategic... Read More »
Kandu Health and Neurolutions Merge to Form Kandu, Inc.
Kandu Health, Inc. and Neurolutions, Inc. announced on April 8 that the two companies have merged to form Kandu, Inc. Founded in 2007, Neurolutions is a medical device company developing a platform of neurorehabilitation devices leveraging brain computer interface (BCI) technology. The company’s first product candidate, the IpsiHand Upper Extremity Rehabilitation System, or the IpsiHand System, is being developed for upper extremity rehabilitation in chronic stroke patients. Kandu Health is a digital health company providing remote clinical support to stroke survivors and their care partners. The company was founded in 2021 and is based in Campbell, California. “We are excited to bring... Read More »
Caldera Medical Picks Up Ethicon’s GYNECARE TVT Family of Products
Caldera Medical announced that it acquired Ethicon’s Gynecare TVT family of products and will transition the products in the coming months. Ethicon’s Gynecare TVT product line (consisting of TVT, TVT Exact, TVT-O and TVT Abbrevo) provides minimally invasive treatment options for women with stress urinary incontinence. Ethicon is a subsidiary of Johnson & Johnson. The company is part of the Johnson & Johnson MedTech business segment and was incorporated as a separate company under the Johnson & Johnson umbrella in 1949 to expand and diversify the Johnson & Johnson product line. Headquartered in Westlake, California, Caldera Medical is a privately held women’s health... Read More »
Richards Packaging Income Fund Acquires HL Production and National Dental
Richards Packaging Income Fund announced that, through its subsidiary Clarion Medical Technologies Inc., it is purchasing National Dental Inc. and HL Production SA. NewPoint Capital Partners Inc. acted as M&A advisor to Richards Packaging Income Fund in connection with the transactions. National Dental Inc. is a Canadian provider of high-tech laser and diagnostic devices to the dental care industry. The company specializes in bringing to market innovations in lasers, cavity prevention products, intraoral scanners and dynamic navigation systems along with education and comprehensive implementation support to its dental customer practitioners. National Dental was... Read More »
Demetra Holding Acquires Majority Stake in GetSet Surgical
Demetra Holding announced that it is acquiring a 51% stake in GetSet Surgical. The acquisition will expand Demetra Holding’s offerings in the spine sector. GetSet Surgical is a Swiss spine surgical solutions provider. Founded in 2016 in Epalinges, Switzerland, GetSet Surgical is transforming conventional spine surgery practices by providing sterile-packed, ready-to-use implants and instruments. Headquartered in Milan, Italy, Demetra Holding is an independent international medical company providing anti-infective cements, spacers and biomaterials for orthopedic applications. The investment will integrate the strengths of both companies, establishing a new approach to spine and... Read More »Schedule a demo
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