Irish Company Arrotek Medical to Merge with U.S.-Based NeedleTech
Arrotek Medical, based in Sligo, Ireland, and North Attleboro, Massachusetts-based NeedleTech Products are merging under the Arrotek brand. Both Arrotek and NeedleTech have strong records in the medical device industry, serving a broad range of customers that include original equipment manufacturers, medical device startups and corporations. NeedleTech Products is a leading contract development and manufacturing organization (CDMO) serving several markets, including interventional radiology, interventional oncology, sports medicine, pain management, pharmaceutical and spine. NeedleTech provides components and finished devices to many of the top medical device companies... Read More »
Medela Spins Off Wound Care Business to Combine with Medaxis
Medela is spinning off its wound care business, which will combine with Medaxis to form a new standalone wound care company. Medela’s wound care business provides wound care solutions powered by Medela’s medical vacuum technology, including its negative pressure wound therapy line of products and services. As the healthcare of choice for more than 6 million hospitals and homes across the globe, Medela provides a research-based breast milk feeding and baby products, healthcare solutions for hospitals and clinical education. The company has 20 subsidiaries in Europe, the Americas, Asia and Australia, three production and warehouse facilities in Switzerland, the United States and China... Read More »
AMETEK Acquires Paragon Medical for $1.9 Billion
AMETEK, Inc. announced that it has entered into a definitive agreement to acquire Paragon Medical from affiliates of American Securities LLC. The all-cash transaction is valued at approximately $1.9 billion. Paragon Medical, formerly MW Life Sciences, offers advanced medical manufacturing and design for medical devices, components and products. It is based in Pierceton, Indiana. Paragon Medical serves a wide range of specialty applications including orthopedics, minimally invasive surgery, robotic surgery and drug delivery. Paragon’s product portfolio includes single-use and consumable surgical instruments and implantable components sold to a diverse blue-chip customer base of... Read More »
Danaher Disappoints with Q3:23 Sales and Profit Decline
Danaher Corp. (NYSE: DHR), a well-known player in the medical device market, recently unveiled its third-quarter financial results on October 24. With a global presence, Danaher specializes in the design, manufacture and distribution of professional, medical, industrial and commercial products and services. The latest earnings report painted a somber picture for Danaher, as the company grappled with a decline in both sales and profits compared to the previous year. This underwhelming performance came as the pharma and biotech sectors experienced a broader loss of momentum in critical markets. “Pharma and biotech took a modest step down, and that was particularly the case in the U.S. In... Read More »
TriSpan Acquires SmartArches
TriSpan announced its acquisition of SmartArches from ProSmile, a multi-specialty dental organization in New Jersey, Pennsylvania and Maryland. Founded in December 2022, SmartArches is a specialty implant-focused dental company with a network of oral surgeons, implant and restorative dentists. It serves patients in eight locations throughout the United States. With offices in New York and London, TriSpan is a private equity firm that invests in lower middle market companies in North America, Europe and the United Kingdom with annual revenues ranging from $20-100 million. It was founded in 2015. According to data captured in the LevinPro HC database, this transaction... Read More »Schedule a demo
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