A Medical Device Daily
GE Healthcare (Waukesha, Wisconsin) reported it has entered into an agreement to purchase certain assets of ONI Medical Systems, (Wilmington, Massachusetts) In line with GE's healthymagination vision, ONI's innovative products will expand GE Healthcare's Magnetic Resonance Imaging (MRI) capabilities, offering healthcare professionals a broader range of MRI products to enable more cost-effective imaging procedures in a variety of patient care settings. Financial terms were not disclosed.
ONI Medical Systems is a provider of high performance, low-cost, dedicated purpose MRI systems. This includes the MSK Extreme 1.0T and the MSK Extreme 1.5T, the world's only compact designed, high-field, truly open configuration extremity MRI systems available in the medical marketplace. ONI's scanners are designed specifically for imaging of the extremities - only the joint being imaged is inside of the scanner. ONI's products also have a small footprint for convenient sitting in limited spaces and premium image quality, allowing clinicians' the same diagnostic confidence for extremity imaging at a lower cost when compared to a whole body MRI unit.
Both MSK Extreme 1.0T and MSK Extreme 1.5T scanners are applicable to healthcare providers in hospitals, imaging centers and orthopedic/sports medicine practices where there is a need for an anatomy-specific MRI system that provides a quiet, comfortable, non-claustrophobic experience for patients. The current installed base of these two products is more than 175 units worldwide, including some of the top academic hospitals in the world.
The transaction is subject to customary closing conditions and is expected to close during 4Q09.
In other dealmaking activity, Tekni-Plex (King Prussia, Pennsylvania) a global, diversified manufacturer of packaging products and materials for the healthcare, consumer and food packaging industries, recently acquired Top-Seals Dichtungseinlagen, (Germany). The company, which will now operate under the name of Top-Seals GmbH, manufactures liners, cap seals and gaskets for the closure industry. It has been in operation for 20 years and has established a solid reputation for providing precision crafted products and outstanding customer service.
Top-Seals GmbH's products and capabilities will enhance Tekni-Plex Europe NV's Tri-Seal gasket and liner business.
"Tekni-Plex's recent acquisition of Top-Seals GmbH will strengthen our position as a leading, global supplier of liners and gaskets to the packaging industry," said Paul Young, CEO of Tekni-Plex. "We believe the synergy between Top-Seals and Tri-Seal will generate growth for both companies in terms of business development, innovative technology, high quality manufacturing and excellent customer service."