Boston Scientific Posts Strong Results for Q4 2023
Boston Scientific announced its fourth quarter and full year 2023 results the morning of Wednesday, January 31. The company’s revenue for the quarter rose 15% from $3.2 billion during Q4 2022, to $3.7 billion. For the full year 2023, the company generated net sales of $14.2 billion, growing 12% over the $12.7 billion generated during full year 2022. For Q1 2024, Boston Scientific expects sales to increase 7% to 9% on an organic basis. The company’s first-quarter sales guidance is impressive as its stock hit a record high. Boston Scientific’s stock jumped a little more than 3% from $61.43 to $63.47 in afternoon trades on the stock market the day of the announcement. ... Read More »
Lion Street Medical Purchases Pensar Medical
Lion Street Medical has announced the successful acquisition of Pensar Medical, a Norco, California-based medical device company specializing in wound care. Founded in 2012, Pensar Medical specializes in Negative Pressure Wound Therapy (NPWT) systems, including WoundPro, the industry’s most powerful and durable pump, and MicroDoc, a disposable unit for single-use NPWT. The company also offers wound care supplies, including collection canisters and foam dressing kits. Lion Street Medical is a leading national financial services company comprised of over 200 independent firms that specialize in design and planning for high-net-worth and corporate clients. The company is... Read More »
Shore Capital Partners Acquires Cook Medical Assets
Shore Capital Partners announced on January 24 that it completed a partnership with C2Dx, a medical device company based in Kalamazoo, Michigan. In addition to this partnership, Shore Capital Partners announced it, and C2Dx, was acquiring the Otolaryngology/Head and Neck Surgery (OHNS) family of products from Cook Medical. The OHNS assets provide minimally invasive procedures for ear, nose and throat surgeons to help treat obstructive salivary disease, chronic ear disorders, nasal/sinus and skull base reconstruction and dysphagia. Shore Capital Partners is a Chicago-based healthcare-focused lower middle-market private equity firm with offices in Nashville. It has approximately... Read More »
RTI Surgical Announces Agreement to Acquire Cook Biotech from Cook Group
RTI Surgical announced that it has signed a definitive agreement to acquire Cook Biotech from Bloomington, Indiana-based Cook Group. Founded in 1995, Cook Biotech develops and manufactures porcine small intestinal submucosa (SIS) products for a variety of clinical applications; these products have over 50 cleared regulatory indications. Cook Biotech’s products are derived from SIS’s naturally occurring, intact extracellular matrix using proprietary manufacturing processes. This material acts as a scaffold that allows host cells to infiltrate and remodel into vascularized tissue. The company is headquartered in West Lafayette, Indiana. RTI Surgical is a medical... Read More »
Laborie Medical Technologies Invests in Start-Up Bright Uro
Laborie Medical Technologies Corp. (LMT) has announced a strategic equity investment in Bright Uro, an early-stage medical technology company headquartered in Irvine, California. Founded in 2021, Bright Uro is developing the Glean Urodynamic System™, a wireless, catheter-free, urodynamic monitoring system intended to quantify the pressure characteristics of the lower urinary tract. LMT, a subsidiary of Stockholm-based private equity firm Patricia Industries, is a global medical technology company focused on urology, urogynecology, gastroenterology, obstetrics, gynecology and neonatal health. LMT develops, manufactures and markets medical technology and consumables to diagnose and... Read More »Schedule a demo
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