A Medical Device Daily

Matria Healthcare (Marietta, Georgia) reported that it has received U.S. antitrust clearance for its previously disclosed divestiture of Facet Technologies (also Marietta) (Medical Device Daily, July 28, 2006).

Facet is being sold to a new company formed by Water Street Capital Partners (Chicago), a private equity firm specializing in healthcare. The $122 million cash transaction is expected to close by Aug. 31.

Matria is a provider of health enhancement programs to health plans, employers and government agencies. It manages major chronic diseases and episodic conditions; delivers programs that address wellness, healthy living, productivity improvement, and patient advocacy; and provides case management of acute and catastrophic conditions.

In other dealmaking news:

• Hologic (Bedford, Massachusetts), a provider of diagnostic and digital imaging systems directed towards women's health, reported that the Federal Trade Commission (FTC) gave final approval to the consent agreement settling its dispute with Hologic regarding Hologic's acquisition of the Mammotest prone bed breast biopsy system intellectual property acquired as part of the mammography intellectual property assets purchased from Fischer Imaging (Denver) in September 2005 (MDD, Sept. 30, 2005).

Following the FTC's preliminary approval of the agreement in July, Hologic completed the sale of all of the intellectual property relating to the Mammotest system to Siemens (Munich, Germany) for a cash payment of $6.5 million (MDD, July 11, 2006).

Hologic retains a royalty-free, non-exclusive, perpetual, irrevocable, worldwide right and license to use the intellectual property relating to the Mammotest system.

Hologic's core business units are focused on mammography and breast biopsy, osteoporosis assessment, and mini C-arm and extremity MRI imaging for orthopedic applications.

• Cogdell Spencer (Charlotte, North Carolina) reported the closing of the acquisition of Mary Black Westside (Spartanburg, South Carolina), for about $5.15 million. The acquisition includes 32,111 square feet of medical office space.

The acquired property is primarily occupied by Mary Black Health System, an affiliate of Triad Hospitals (Plano, Texas). Cogdell Spencer also manages two additional medical office buildings on the campus of Mary Black Health System.

With the acquisition, Mary Black Health System executed 10-year tenant leases comprising about 51% of the property's available space.

Cogdell Spencer is a self-administered, self managed real estate trust that invests in specialty office buildings for the medical profession, including medical offices, ambulatory surgery and diagnostic centers.

• Home health nursing company Amedisys (Baton Rouge, Louisiana) reported the acquisition of a home health agency in Cumberland County, North Carolina. Terms of the purchase agreement were not disclosed.

The agency is expected to contribute about $1 million in yearly revenues but is not expected to add materially to earnings in 2006.