GAINESVILLE, Fla.–(BUSINESS WIRE)–Exactech, Inc. (Nasdaq: EXAC), a developer and producer of bone and joint restoration products for hip, knee, shoulder and spine, announced today the acquisition of an industry-leading computer-assisted surgical technology development and manufacturing firm, Grenoble France-based BlueOrtho SAS. Exactech has partnered with BlueOrtho since 2009 to develop ExactechGPS® Guided Personalized Surgery system, which […]
Acquisitions
Zimmer Holdings to Rename Itself Zimmer Biomet Upon Close of Deal
Zimmer Holdings Inc. on Thursday said it would rename itself Zimmer Biomet after its acquisition of Biomet Inc. closes.Zimmer also named a group of 12 executives who will lead the combined Read more »
Aurora Spine Announces Launch of MIS EOS™ Interbody System Featuring TiNano™
CARLSBAD, CALIFORNIA–(Marketwired – Oct. 10, 2014) – Aurora Spine Corporation (TSX VENTURE:ASG) is excited to announce the launch of another new product in its line of next generation MIS lumbar interbody cages. EOS™ is Aurora Spine’s modern, minimally invasive TLIF interbody fusion system featuring TiNano titanium spray coating technology. TiNano coated PEEK-OPTIMA cages will allow […]
Blackstone buys stake in Chinese implant maker
Blackstone has agreed to make a significant investment into Xinrong Best Medical Instrument, a Chinese maker of orthopaedic implants for trauma, spine and joint applications.The companies did not state the value of the deal nor the ownership split, however a person familiar … Read more »
Medtronic buys Sapiens Steering Brain Stimulation for about $200 million
MINNEAPOLIS – Medtronic spent about $200 million in cash to buy a privately held company that develops deep brain stimulation technologies.The acquisition of Sapiens Steering Brain Stimulation will make the medical device maker stronger in an emerging area of medicine, the modulation of brain function. Neuromodulation involves the delivery of electrical pulses and drugs to […]
Medtronic Completes Acquisition of Visualase, Inc.
MINNEAPOLIS – July 28, 2014 – Medtronic, Inc. MDT -0.08% today announced that it has completed the acquisition of Visualase, Inc., a privately held company based in Houston, TX, that develops and markets an FDA-approved MRI-guided laser and image guided system for minimally invasive neurosurgeries, including surgical thermal ablation. Medtronic will add Visualase’s MRI-guided laser […]
FTC Wants Additional Info On Zimmer-Biomet Merger
The United States Federal Trade Commission (FTC) is seeking additional information regarding the proposed merger between Warsaw, Ind.-based dental and orthopedic reconstructive device makers Zimmer Holdings and Biomet.Read more »
Medtronic Changes the Game
In one dramatic swoop, Medtronic (NYSE: MDT ) answered a lot of the questions that investors had about its plans for its overseas cash balance, it’s long-term growth plans, and whether it wanted to enter additional “power alley” med-tech markets. Medtronic has announced that it will be acquiringRead more »
Device Maker Medtronic Agrees to Merger and Will Move to Ireland
JU 15, 2014,(www.nytimes.com/Michael J de la Merced)–Medtronic agreed on Sunday to buy Covidien for $42.9 billion, combining two of the world’s biggest medical device makers and helping Medtronic lower some taxes by gaining access to cash held overseas.The deal, which is being structured as a so-called inversion, will relocate Medtronic from its headquarters in Minneapolis […]
Medtronic nears $45 billion-plus deal for Covidien
(Reuters) – U.S. medical device maker Medtronic Inc is in advanced talks to buy rival Covidien Plc in a deal valued at $45 billion to $50 billion, people familiar with the matter said on Saturday.The deal, which would allow Medtronic to be domiciled in Ireland, where Covidien is based, and thus take advantage of lower […]
EU regulators halt review of Zimmer’s $13 bln Biomet bid
(Reuters) – The European Commission halted its review of Zimmer Holdings Inc’s $13.4 billion bid for Biomet Inc on Thursday, saying the U.S. orthopedic products maker’s submission lacked some details.Zimmer sought European Union clearance on June 3 for the deal that would make it the second-biggest in the sector, behindmarket leader Johnson & Johnson.“The notification […]
Smith & Nephew Has Multiple Suitors First Stryker and Now Reportedly Medtronic
June, 2014, (Orthopedics/Arundhati Parmar)–Orthopedics company Smith & Nephew’s stock has soared in the past days. In a matter of a week, two news articles have painted the London-based maker of hips and knees as coveted by equally if not better-known names in the medtech world.First it was Stryker, whose CEO finally acknowledged that the company […]
$13 Billion Bold Play: Zimmer Holdings, Inc’s Purchase of Biomet
In mid-December there was at least some chance that ortho giant Zimmer (NYSE:ZMH ) would make a bid for Biomet and become the dominant company in hip and knee implants, as well as leverage stronger share in areas like extremities, dental, trauma, and spine. That speculation has come to pass, as Zimmer has announced a […]
Zimmer to Buy Biomet for $13.35 Billion
April 24, 2014–(online.wsj.com-Lauren Pollock), Zimmer Holdings Inc. agreed to buy fellow orthopedic device maker Biomet Inc. for about $13.35 billion in cash and stock, in a bid to position the combined company as a leader in the musculoskeletal industry.The deal, which has been approved by the boards of both companies, would end Biomet’s bid to return to […]
Stryker Corp. completes acquisition of surgical room equipment maker Berchtold Holding AG
KALAMAZOO, MI — April 15, 2014–Stryker Corp. announced Tuesday that it has completed its acquisition of German surgical room equipment maker Berchtold Holding AG.Stryker announced in February that it had a definitive agreement to buy Berchtold for $172 million.Berchtold is a 90-year-old healthcare equipment company that makes surgical tables, equipment booms and surgical lighting systems […]
Medtronic takes majority interest in Biostar, a med-tech distributor in Turkey
April 7, 2014 -(Star Tribune.S.Alexander)–Medtronic Inc. said Monday that it has acquired a majority interest in Biostar, a joint venture that will distribute the medical device giant’s products in Turkey. Terms of the deal weren’t disclosed. Biostar is a joint venture between Fridley-based Medtronic and Medicall Biomedikal AS, based in Istanbul. Medicall has distributed Medtronic […]
Stryker completes acquisition of Pivot Medical; others talk about its acquisitions
KALAMAZOO, MI — Stryker Corp. says it has completed its previously announced all-cash acquisition of Pivot Medical Inc.Pivot Medical’s product portfolio is expected to give Stryker customers a more comprehensive choice when they consider hip replacement procedures. And it is expected to complement Stryker’s cache of sports medicine products. Read more »
Stryker Corp. to spend $172 million to buy German surgical room equipment maker Berchtold Holding AG
KALAMAZOO, MI — Stryker Corp. has a definitive agreement to buy German surgical room equipment maker Berchtold Holding AG for $172 million.Berchtold is a maker of surgical infrastructure equipment. That includes surgical tables, equipment booms and surgical lighting systems used in operating rooms and intensive care units.“Combining these complementary solutions with Stryker Endoscopy’s existing operating […]
Stryker Corp. completes acquisition of MAKO Surgical Corp.
KALAMAZOO, MI — Stryker Corp. has completed its $1.65 billion acquisition of MAKO Surgical Corp.”We’re excited to welcome MAKO into our organization and combine their expertise in robotic arm assisted surgery with Stryker’s innovations in joint reconstruction to further advance the growth of this compelling technology,” Kevin Lobo, president and chief executive officer of the […]
Biomet Announces Definitive Agreement to Acquire Lanx, Inc.
Biomet, Inc., a global leader in the manufacture of musculoskeletal and biotechnology products, announced today that it has reached a definitive agreement to acquire Lanx, Inc., a full service spine company and a leader in minimally invasive techniques and technologies. The pending acquisition would expand Biomet Spine’s technology portfolio through the addition of innovative products […]
Stryker Announces Definitive Agreement to Acquire MAKO Surgical Corp. for $1.65 Billion
Kalamazoo, Michigan – September 25, 2013 – Stryker Corporation (NYSE:SYK) announced today a definitive agreement to acquire MAKO Surgical Corp. (MAKO) for $30.00 per share with an aggregate purchase price of approximately $1.65 billion. This transaction contemplates the issuance by MAKO of an additional 3.953 million shares in connection with an anticipated acquisition which Stryker […]
RTI Biologics intents to acquire privately held Pioneer Surgical Technology
RTI Biologics Inc. (RTI) (Nasdaq: RTIX), a leading provider of orthopedic and other biologic implants, announced today its intent to acquire privately held Pioneer® Surgical Technology (Pioneer), headquartered in Marquette, Mich. Pioneer is a leading medical technology company that manufactures and distributes metal and synthetic products in the orthopedics, biologics, spine, trauma and cardiothoracic markets. […]
TranS1 acquires company, moves HQ to Raleigh
Wilmington-based TranS1 Inc., maker of products that treat degenerative conditions of the spine, has acquired Baxano Inc., a Raleigh-based privately held medical device company. The company is relocating its headquarters to Raleigh.The company’s release stated that under the terms of the merger agreement, RacerX Acquisition Corp., a wholly owned subsidiary of TranS1, merged with and […]
NuVasive buys spine implant manufacturer ANC
SAN DIEGO (AP) — Medical device maker NuVasive Inc. said Monday it acquired ANC LLC, one of the key suppliers of its spinal implants, for $4.5 million.NuVasive said the companies have worked together since May 2010. NuVasive wants to handle more of its own manufacturing so it can improve its profitability. It said the acquisition […]
Wright Medical Concludes Take over
Orthopedic devices maker Wright Medical Group recently reported that it had concluded its take over of BioMimetic Therapeutics. This deal will amalgamate Wright Medical’s strong sales team and product lineup with BioMimetic’s biologics offering pipeline.On Nov 19, 2012, Wright Medical revealed its intention to take over BioMimetic Therapeutics for an initial cash payment of $190 […]
Spinal surgery firm TranS1 to acquire Baxano for $23.6M
RALEIGH, N.C. —Spinal surgery medical device maker TranS1 (NASDAQ: TSON) is expanding its focus on minimally-invasive lumbar spine treatments with the acquisition of another spinal products company, Baxano, in a stock deal valued at about $23.6 million. Raleigh-based TranS1 will issue approximately 10.4 million shares of TranS1 common stock and pay $550,000 in cash to […]
Stryker Offers to Buy China Spine-Products Maker
Stryker Corp. offered to pay $764 million in cash for the spine-products maker Trauson Holdings Co. and a foothold in the fast-growing Chinese orthopedics market.The deal follows Medtronic Inc.’s September acquisition of Chinese orthopedics company Kanghui Holdings Co. for $816 million. U.S. medical-device makers, facing sluggish markets for high-end devices such as spine and hip […]