NeuroSigma (Los Angeles) reported the formation of a majority owned subsidiary, NSVascular, and the signing of an exclusive license with the University of California, Los Angeles (UCLA) covering its medical applications of Thin-Film Nitinol (TFN) technology. Nitinol is a superelastic nickel and titanium alloy with unique properties that allow deformation and subsequent full recovery of the original shape upon exposure to body heat. (Medical Device Daily)
Now that the first half of 2011 is already in our rearview mirror, Medical Device Daily has compiled a Top 10 list of the biggest deals so far this year. Admittedly, the list was inspired by the excitement of last week’s dealmaking activity – Medtronic to spend a total of $645 million to buy Salient Surgical Technologies and PEAK Surgical and TPG Capital buying Immucor for $1.97 billion. So without further ado, here are the Top 10 deals MDD has reported on so far this year, not including any deals that closed this year but were first disclosed last year....
A group of private equity investors have officially offered to buy Kinetic Concepts (KCI; San Antonio) for $68.50 a share in a cash deal valued at $6.3 billion (including KCI's outstanding debt). (Medical Device Daily)
It's not a very common condition but the people who suffer from what is called cluster headaches understand quite well why this particular form of headache pain is often nicknamed "suicide headache." (Medical Device Daily)
For many big med-tech players and their followers, watching fireworks burst into the sky Sunday evening was just the beginning of a week filled with dealmaking activity that has created a considerable boom across the industry. (Medical Device Daily)
Immucor (Norcross, Georgia), a provider of automated instrument-reagent systems to the blood transfusion industry, said it has entered into a definitive agreement to be acquired by investment funds managed by TPG Capital (Fort Worth, Texas) in a transaction valued at about $1.97 billion. News of the agreement sent Immucor shares up 30%. (Medical Device Daily)
