• Advanced Medical Optics (AMO; Santa Ana, California), maker of ophthalmic surgical devices and eye care products, completed its $808 million acquisition of IntraLase (Irvine, California), first disclosed in January. AMO paid $25 in cash per share of IntraLase stock and the individually determined cash value per share of outstanding stock options. AMO said it expects to leverage the large installed bases of AMO and IntraLase and combine their international expansion strategies to further establish its position as the industry leader in laser diagnostics, flap-creation and ablation technologies. The acquisition gives AMO entry into the corneal transplant market with the IntraLase enabled keratoplasty (IEK) technology.

• Andover Medical (North Andover, Massachusetts), a single source provider of orthopedic, podiatric and urological durable medical equipment (DME) and incontinence treatment solutions, agreed to acquire Ortho-Medical Products (OMI; New York). Andover will acquire all outstanding equity of OMI for $500,000 in cash and $2 million in restricted shares of Andover common stock. OMI manufactures orthopedic DME, respiratory equipment, orthotic equipment, and prosthetic devices.

• Arcadia Resources (Southfield, Michigan) said it will sell part of the operations of its Durable Medical Equipment (DME) business for about $16.5 million, consisting of $9.5 million in cash and $7 million in short-term and long-term notes. Arcadia described the buyer as “a regional provider of therapeutic equipment and services.” The sale will include all of the DME business except the company’s Florida operation, which is the company’s largest DME division and will continue to be owned by Arcadia.

• MedServe (Houston) through its Enserv West subsidiary, completed the acqusistion of the medical waste service and collection business of InEnTec Medical Services California (Vista, California), a unit of InEnTec Medical Services. The purchase price for the acquisition was not disclosed. "With this transaction, we add more than 1,000 new customers to our 10,000-customer base and expand service to all parts of California," said MedServe President Mike Fields. "This acquisition also adds new permitted medical waste facilities in the San Diego and Bay areas of the state. InEnTec's medical waste customer base is a mix of small to medium-sized quantity generators as well as a number of large medical facilities. MedServe said it has now completed 14 acquisitions in less than two years in its effort to become the second largest company in the medical waste management sector.

• pSivida (Perth, Australia) reported that its subsidiary, AION Diagnostics (Subiaco, Australia) will be sold to GEM Global Yield Fund (Boston), a portfolio management firm. GEM will pay pSivida $3 million in two installments of $1.5 million upon completion of an initial public offering of AION’s stock on the Frankfurt Stock Exchange; and $1.5 million payable no later than 12 months after transaction close, in exchange for pSivida’s entire holdings in AION. pSivida has licensed the non-electronic imaging diagnostic applications of its BioSilicon technology to AION for which pSivida will receive royalties from commercialized products. BioSilicon has applications in drug delivery, wound healing, orthopedics and tissue engineering.

• SurModics (Eden Prairie, Minnesota), a provider of surface modification and drug delivery technologies, signed an expanded corporate technology agreement with St. Jude Medical (St. Paul, Minnesota) for licensing technologies for use in products being developed in St. Jude’s Cardiovascular and Cardiac Rhythm Management divisions. Surmodics said the expanded terms open opportunities for use of its technology in a wider variety of cardiac devices. Terms of the expanded agreement were not disclosed.

• Teleflex (Limerick, Pennsylvania) acquired the assets of HDJ (Lancaster, Pennsylvania) and its subsidiary, Specialized Medical Devices, a provider of engineering and manufacturing services to medical device manufacturers. Terms of the deal were not disclosed. Teleflex said that the purchase adds another line of medical components, devices, implants and instruments used in orthopedic procedures to the Teleflex Medical portfolio.

• Wright Medical Group (Arlington, Tennessee) acquired certain assets of R&R Medical (Pennsylvania), a company providing external fixation devices for the foot and ankle and trauma markets. Wright will pay $8 million in cash and future milestones. The assets acquired include the R&R external fixation line, consisting of an array of foot- and ankle-focused external fixation devices. The company also reported completing its acquisition of all of the assets of the reconstructive foot surgery line of Darco International (Huntington, West Virginia) for about $17 million in cash. Darco’s reconstructive product line consists of plating systems, including the MRS (Modular Rearfoot), MFS (Modular Forefoot) and FRS (Forefoot Reconstructive) Systems. Wright said that the three systems offer a combined 10 plating options and specialized screw fixation systems for use in advanced reconstructive foot procedures.