Exact Sciences, a $876m developer of cancer screening and diagnostic test products to detect colorectal, prostate and other cancers, has acquired PreventionGenetics, a genetic testing laboratory. The deal complements Exact Sciences’ advanced cancer diagnostics portfolio and support its entrance into hereditary cancer testing. PreventionGenetics is a CLIA-certified and CAP-accredited clinical DNA testing laboratory, providing more than 5,000 predefined genetic tests …
Quidel Corporation to Acquire Ortho Clinical Diagnostics
Quidel Corporation, a $1.87b maker of point-of-care diagnostics for infectious diseases, women’s health, and gastrointestinal diseases, is acquiring Ortho Clinical Diagnostics, a $2b in vitro diagnostics company focused on equipment for blood testing. The deal complements Quidel’s existing product offerings and expands its global presence. Ortho Clinical Diagnostics offers automated instruments, assays, reagents, and other consumables. Both companies have been …
Philips to Acquire Vesper Medical
Koninklijke Philips N.V, a $22b Netherlands-based producer of medical imaging and diagnostic solutions acquired Vesper Medical Inc., a developer of minimally-invasive peripheral vascular devices. Vesper’s modular Duo system involves a self-expanding stent that addresses a broader range of vein shapes and sizes than alternative products. Malfunctioning valves or obstructions within veins can cause blood to pool in the legs leading …
GTCR-Backed Corza Medical Purchases Ophthalmic Instrument maker Katena Products Inc. from Audax Management
Katena adds ophthalmic products used across cataract, glaucoma and corneal surgeries, including surgical instruments, single-use devices and specialty biologics that have been sold in more than 110 countries to more than 5,000 customers, including hospitals, ambulatory surgery centers and distributors. Katena has more than 200 employees across North America and Europe. The transaction represents Corza‘s first add-on acquisition since its …
Resonetics to Acquire Hudson Medical Innovations
Device contract micro manufacturer Resonetics, LLC focused on product development, including laser processing, tubing, metal fabrication and other manufacturing services and subsidiary of GTCR-backed Regatta Medical has purchased Hudson Medical Innovations, a producer of microfluidics, point-of-care diagnostics reagents, biosensors, and advanced wound care devices, from Preco, Inc. Hudson Medical specializes in prototyping capabilities and proprietary, automated equipment. Hudson is Resonetics’ …
The Walden Group Releases Q3 2021 Strategic Healthcare M&A Report
The Walden Group is pleased to provide access to its Q3 2021 Strategic Healthcare M&A Report, which includes: Market Overview Major M&A Deals by Sector What the CEOs are Saying Selected Recent Healthcare IPOs Key Stats on Top M&A Deals in 2021 Performance of Leading Healthcare Companies …
Hologic to Acquire Bolder Surgical for $160m
Hologic, Inc., a $3.8b producer of diagnostics, imaging systems and surgical products for women’s health, has acquired Bolder Surgical, LLC, a developer of advanced energy vessel sealing surgical devices. The deal adds a differentiated portfolio of advanced vessel sealing and dissection tools used in laparoscopic procedures. To date, Bolder has focused on pediatric vessel sealing — Hologic estimates Bolder Surgical’s …
Boston Scientific to Acquire Devoro Medical, Inc. for $320m
Boston Scientific Corporation (NYSE: BSX; “BSX“), a $10b producer of interventional technologies for general surgery, neurosurgery, and cardiovascular health has announced the acquisition of Devoro Medical, a developer of a blood clot retrieval and removal system for arterial and venous systems. BSX has been a minority investor in Devoro Medical since 2019. BSX, in this 2021 transaction, purchased the remaining …
Stryker Acquires AI Blood Monitoring Company Gauss Surgical
Stryker Corporation, a $14.4b medical technology company focused on orthopedics, neurotechnology and spine, acquired Gauss Surgical, a developer of artificial intelligence-enabled technology for real-time monitoring of blood loss during surgery. Gauss Surgical’s Triton system leverages a computer vision app and iPhone to measure a patient’s blood loss via imaging of sponges, towels and canisters of fluid in addition to calculating volume …
Abbott Acquires Walk Vascular
Abbott Laboratories (NYSE: ABT), a $35b global producer of diagnostics, devices, generic pharmaceuticals and nutritional products, has acquired Walk Vascular, LLC, a developer of a commercialized thrombectomy system used to remove peripheral blood clots (JETi system). The JETi system works by inserting a distal catheter into veins and arteries where clots have formed. Once the catheter is inserted, a saline …