Following the medtech industry’s rapid rise early in the month, a plateau was inevitable, and that trend continued through the holiday week. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 98.23 (Nov. 27), marking a 0.2% uptick from the 97.99 points registered at the […]
Mergers & Acquisitions
Butterfly Network to go public via merger
Butterfly Network announced that it entered into a definitive business combination agreement and will go public with Longview Acquisition Corp. Upon the closing of the deal between Butterfly, a medical imaging technology developer, and Longview, a special purpose acquisition company, the combined company’s Class A common stock is expected to be traded on the New […]
MedTech 100 roundup: Industry remains strong despite slight dip
The heights of two weeks ago may not have been reached, but the medtech industry — despite a slight dip — performed well in the stock markets once again. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 97.99 (Nov. 20), marking a 1% downturn […]
GE Healthcare acquires Prismatic Sensors and its advanced photon-counting CT sensors
GE Healthcare (NYSE:GE) said today that it has acquired Prismatic Sensors, a Swedish startup with deep silicon detector technology for photon-counting computed tomography (PCCT). The financial terms of the deal were not disclosed. GE Healthcare expects to close the deal in January 2021; its held a minority position in the company since 2017. Photon-counting CT technology, […]
Steris closes on Key Surgical buy
Steris (NYSE:STE) announced this week that it has closed on its $850 million purchase of Key Surgical, a manufacturer of disposable hospital and surgical products. Mentor, Ohio-based Steris now anticipates that Key Surgical will add about 35% more revenue and adjusted earnings per diluted share in the fiscal year than initially anticipated with a December 31, […]
Medtronic completes Medicrea acquisition
Medtronic (NYSE:MDT) today said it has completed the acquisition of Medicrea and its spinal surgery tech. The deal was announced in July when Medtronic said it would buy the France-based company for a tender offer price of €7.00 (nearly $7.84) per share for a premium of 22% over the closing price of shares on July 14, […]
MedTech 100 roundup: Stocks remain high after record-setting week
Medtech stocks have been on the rise since positive news regarding COVID-19 vaccines broke last week, breaking a record in the process. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 98.99 (Nov. 13), marking a 1.4% uptick from the 97.62 points registered at the […]
The top 5 MassDevice stories of the week — November 13, 2020
The medical device industry marched on this week — with a major multibillion-dollar M&A deal closing even as worries mount over the COVID-19 pandemic, global recession, and the aftermath of the U.S. presidential election. That was a big takeaway from this week’s top news on MassDevice. Want to hear more about the week’s top news? […]
BD acquires medication management company Cubex
Becton Dickinson (NYSE:BDX) announced that it acquired the medical business assets of software developer Cubex. Privately-held Cubex develops cloud-based software offerings for advanced medication management, according to a news release. Becton Dickinson said the acquisition expands its medication management offerings into the care continuum space and offers deeper integration with electronic health records. Cubex’s medical business’ […]
Stryker closes Wright Medical buy, sells some businesses to DJO
Stryker (NYSE:SYK) announced that it has closed the purchase of Wright Medical (NSDQ:WMGI) and sold some of its arthroplasty systems to DJO. Kalamazoo, Mich.-based Stryker announced last week that it planned to complete the $4.7 billion tender offer at its expiration, which was scheduled for 5 p.m. ET on Nov. 10, 2020. That news followed U.S. Federal […]
MedTech 100 roundup: Stocks show no signs of slowing down
The medtech industry hit further highs in the market last week and the stocks show no sign of stopping their ascent now. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 97.62 (Nov. 6), marking a 7.3% leap from the 91.01 points registered at the […]
