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BioWorld - Sunday, July 3, 2022
Home » Topics » Acquisition, BioWorld MedTech

Acquisition, BioWorld MedTech
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Trajan completes AU$29.7M placement to acquire Chromatography Research Supplies

June 20, 2022
By Tamra Sami
No Comments
Medical device and analytics company Trajan Group Holdings Ltd. completed an AU$29.7 million (US$20.7 million) placement to fund the acquisition of Louisville, Kentucky-based Chromatography Research Supplies Inc.
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10-28-Boston-Science_Global-Headquarters_Marlborough,-Mass

Boston Scientific grabs majority stake in M.I. Tech for $230M

June 16, 2022
By Catherine Longworth
No Comments
Boston Scientific Corp. signed an agreement to purchase a majority stake (64%) of M.I. Tech Co. Ltd. for $230 million. The publicly traded Pyeongtaek South Korea-based company manufactures device solutions used in endoscopic and urologic procedures. Boston Scientific has distributed M.I. Tech’s Hanarostent non-vascular stent in Japan since 2015. The deal marks Boston Scientific’s first acquisition of the year, following a busy spending spree in 2021.
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Hearing ear icon

Cochlear to acquire rival Oticon Medical for $121M

April 27, 2022
By Tamra Sami
No Comments
Cochlear Ltd. will acquire Danish hearing implant company Oticon Medical A/S for AU$170 million (US$121 million) after parent company the Demant Group said it planned to exit its hearing implants business. Cochlear CEO Dig Howitt said that Oticon Medical is expected to add AU$75 to AU$80 million to Sydney-based Cochlear’s annual revenue, although Oticon Medical is currently “loss making.” In 2021, Demant’s hearing Implants saw revenue of $73 million.
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Acquisition target

Blackrock Neurotech snaps up Mindx to drive brain-computer interface implants

April 25, 2022
By Meg Bryant
No Comments
Blackrock Neurotech LLC has acquired spatial computing software startup Mindx Corp. to advance full-stack brain-computer interface (BCI) products. As part of the transaction, Mindx’s augmented reality (AR) and artificial intelligence (AI) technology will be integrated with Blackrock’s BCI hardware.
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M&A cityscape

Avanos buying osteoarthritis injection company Orthogen Rx for $160M

Dec. 14, 2021
By Catherine Longworth
No Comments
Avanos Medical Inc. is acquiring Orthogen Rx Inc. for $160 million in a bid to strengthen its chronic pain portfolio. China led the contribution to India’s med-tech imports with  ₹91.12 billion (US$1.2 billion) worth of goods in the 2021 fiscal year (April 2020 to March 2021), according to an analysis of data from India’s Department of Commerce by the Association of Indian Medical Device Industry (AIMED). 
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Illustration of big fish eating three smaller fish

Neogenomics moves up bid to buy liquid biopsy specialist Inivata for $390M

May 6, 2021
By Nuala Moran
No Comments
LONDON – Neogenomics Inc. reported it plans to acquire Inivata Ltd., taking up a $390 million fixed price option to purchase the liquid biopsy specialist eight months early. The option was agreed to in May 2020, when Neogenomics made a $25 million minority equity investment in Inivata and was granted the right to acquire the rest of the company by the end of 2021.
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M&A cityscape

Microsoft makes major commitment to health care with $19.7B Nuance buy

April 12, 2021
By Annette Boyle
No Comments
Microsoft Corp. will purchase Nuance Communications Inc. for $19.7 billion in cash in a move that demonstrates a massive commitment to building out the Microsoft Cloud for Healthcare reported in late 2020. The acquisition, which is expected to close by the end of 2021, doubles the Redmond, Wash.-based company’s total addressable market in the health care provider space, bringing it to nearly $500 billion. The size of the transaction is notable even for a company with the active acquisition history of Microsoft.
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Surgical system in use

Seaspine inks deal to acquire 7D Surgical for $110M

March 23, 2021
By Annette Boyle
No Comments
Thirteen months after establishing a strategic alliance to distribute 7D Surgical Inc.’s machine-vision, image-guided surgery platform, Seaspine Holdings Corp. (NASDAQ:SPNE) signed an agreement to acquire the Toronto-based company. 7D Surgical shareholders will receive $27.5 million in cash plus $82.5 million in Seaspine stock and will hold approximately 13% of Seaspine’s shares at completion. The deal is expected to close in the second quarter of 2021.
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Deal illustration

Agilent snags Resolution Bioscience in deal valued up to $695M

March 2, 2021
By Annette Boyle
No Comments
Agilent Technologies Inc. will acquire Resolution Bioscience Inc. for $550 million in cash at closing and up to an additional $145 million based on performance milestones. The deal will expand Agilent’s cancer diagnostics offerings and its presence in next-generation sequencing (NGS) technology for the fast-growing precision medicine market. The acquisition is expected to close in April 2021.
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M&A cityscape

Qiagen purchases balance of Neumodx Molecular for $248M

Sep. 18, 2020
By Annette Boyle
No Comments
Just weeks after rejecting Thermo Fisher Scientific Inc.'s overtures, Qiagen NV completed its own deal – the acquisition of the final 80.1% of diagnostics instruments company Neumodx Molecular Inc. for $248 million in cash. Qiagen, based in Hilden, Germany, bought a 19.9% stake in Neumodx back in 2018 with the option to purchase the rest for $234 million. With U.S. regulatory approval recently obtained, the deal closed with an additional $14 million in customary adjustments for cash, indebtedness, and transaction costs.
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