Roughly two weeks after it reported its intention to buy K2m Group Holdings Inc., Kalamazoo, Mich.-based Stryker Corp. said it will acquire Invuity Inc. for $7.40 per share, or about $190 million. Invuity, of San Francisco, provides advanced photonics and single-use, lighted instruments for visualization in a variety of clinical applications, including orthopedic and spine surgery, general surgery and women's health procedures.
Masimo Corp. of Irvine, Calif., received FDA clearance for RAS-45, an acoustic respiration sensor for rainbow acoustic monitoring (RAM), for infant and neonatal patients. RAM previously had the green light for patients weighing more than 10 kg using RAS-125c and RAS-45 sensors.
In its largest 2018 deal to date, Boston Scientific Corp., of Marlborough, Mass., agreed to acquire Bedford, Mass.-based Augmenix Inc., which has developed the SpaceOAR system to reduce the side effects that men may experience after receiving prostate cancer radiotherapy. The deal calls for an upfront cash payment of $500 million, plus up to $100 million for reaching sales-based milestones.
With chronic kidney disease (CKD) and end-stage renal disease (ESRD) remaining top concerns in health care, keeping patients out of the hospital is a priority. San Francisco-based Cricket Health Inc. is looking to help in this regard and now has received a boost in the form of a series A funding round of $24 million.
Hypertension is a ubiquitous problem that many companies – both pharma and device – are looking to address. Now, a privately held Mountain View, Calif.-based company, Vascular Dynamics Inc., is looking to offer a new minimally invasive option that can help patients who are resistant to drug therapies.
Cybersecurity has been on the minds of health care executives for some time now. However, news that security vulnerabilities were found in Becton Dickinson and Co.'s (BD) Alaris Tiva syringe pump and the Capsule datacaptor terminal server (DTS) from Qualcomm Life Inc. has again put cybersecurity in the spotlight. That is where Cybermdx can help.
As summer winds down, the M&A news keeps coming. Days after Amsterdam-based Wright Medical Group NV reported that it had agreed to acquire Cartiva Inc., a private orthopedic company in Alpharetta, Ga., for $435 million, Stryker Corp. said that it had inked a merger agreement with K2m Group Holdings Inc. Under the agreement, Stryker, of Kalamazoo, Mich., will acquire all of the issued and outstanding shares of common stock of Leesburg, Va.-based K2m in an all-cash transaction for $27.50 per share, or a total equity value of about $1.4 billion.