Cantel Medical Corp. is acquiring dental instruments and reprocessing specialist Hu-Friedy Mfg. Co. LLC for $725 million in upfront cash and stock considerations, plus up to $50 million in cash and stock earnouts tied to revenue milestones over the next 12 to 18 months. The deal, which is expected to close by Sept. 30, advances Cantel's goal of positioning itself as a major player in the global infection prevention and reprocessing workflow space for both dental and medical needs. Read More
LONDON – Quanta Dialysis Technologies Ltd. has raised £38 million (US$46.7 million) in the first close of a series C round, to fund a U.S. FDA 510(k) submission and U.K. commercial launch of its SC+ home hemodialysis system. With the cash now in hand, both these events are due to occur before the end of 2019. "We've got a lot of work to do," said John Milad, CEO of Quanta. "This is the rocket fuel." Read More
