Medical Devices Today

Deal Update: Avista, Nordic Buy BMS's Wound Care Unit ConvaTec For $4.1bn

Deal Update reprinted from Strategic Transactions - June 2008

Deal Update: Nordic and Avista announced that after the closing of the ConveTec acquisition, they will combine ConvaTec with Danish single-use device company Unomedical, which is owned by Nordic. The newly created company will retain the ConvaTec name and is expected to generate a strong presence in the specialty hospital devices market. Find out more about this deal.

At-A-Glance: Device Deals, Alliances, Financing and Acquisitions - May/June 2008

Medical Devices Today has provided a roundup of the most recent device and dignostics deals, mergers and alliances from May and June from Windhover Information and FDC Reports’ Strategic Transactions - The Device Deal Database. Our proprietary database is designed for medical technology professionals and investors that need to stay current on the latest industry alliances, financing, mergers & acquistions and other strategic partnerships.

Medical Device and In Vitro Diagnostics Deal Statistics Quarterly, Q1 2008

Article preview from IN VIVO - June 2008

The first quarter of 2008 saw a dearth in financings for both the medical device and in vitro diagnostics segments. In the former, volume fell short of the billion dollar mark while the latter failed to reach the success the previous quarter had witnessed, despite completing an equal number of transactions. M&A in medical devices didn't look any more promising, bringing in $1.6 billion, a huge slide from the impressive $10 billion total of 2007's fourth quarter. However, there was one bright spot: acquisitions within in vitro diagnostics/research reagents substantially increased to $3.1 billion from the $370 million spent in the previous three months, led by Inverness Medical Innovations' $1.1 billion takeover of Matria Healthcare Inc. Also noteworthy: oncology diagnostics alliances grew slowly and steadily thanks to increasing attention from larger companies.

Deal of the Week: ETHICON Sells Professional Wound Care Business

According to a company press release, ETHICON, Inc., a Johnson & Johnson company, "has received an irrevocable, unconditional offer from One Equity Partners to acquire the Professional Wound Care business." In 2007 the Professional Wound Care business had annual sales of about $270 million but terms of the financial transaction have not been disclosed.

Deal of the Week: Gen-Probe offers to buy Innogenetics for $334mm

Gen-Probe (nucleic acid diagnostics) has launched a tender offer to buy all the outstanding shares, warrants, and convertible bonds of public molecular diagnostics company Innogenetics NV for $334mm (€215mm) in cash. Gen-Probe will pay $9.49 (a 7% premium) for each Innogenetics common share, or $293mm.

Start-up ENT device maker Acclarent files to go public

Deal summary reprinted from Strategic Transactions - June 2008

Find out more about Acclarent's (sinus surgical devices) recent filing to to go public.

Deal of the Week: Medtronic Acquires NDI Medical

Medtronic has acquired privately held NDI Medical (neurostimulation devices) for $42mm in cash. NDI Medical, which was established in 2002, has developed the MedStim, a bladder pacing system that first attracted Medtronic's attention.

Elron ups its stake in Given Imaging by 5%

Diversified company Elron Electronic Industries has offered to increase its stake in Given Imaging (diagnostic imaging devices for gastrointestinal disorders) by 5% through the purchase of 1.46mm ordinary shares at $16.54 each (a slight premium) or about $24.2mm.

At-A-Glance: Device Deals, Alliances, Financing and Acquisitions - April/May 2008

Medical Devices Today has provided a roundup of the most recent device and dignostics deals, mergers and alliances from April and May from Windhover Information and FDC Reports’ Device Deals Database. Our proprietary database is designed for medical technology professionals and investors that need to stay current on the latest industry alliances, financing, mergers & acquistions and other strategic partnerships.

Click here to view At-A-Glance: Device Deals, Alliances, Financing and Acquisitions - April/May 2008

The deals database provides expanded information, including:

- Comprehensive Deal Records
- Complete Financial Information
- Extensive Company Profiles
- Access to important SEC Documents
- Links to related articles

Find out more about what our Device Deals Database and Strategic Transactions Database can do for you.

Contact: James DeFalco at: +1 (203) 838-4401 x104 or jdefalco@windhover.com.

Medtronic/Edwards: Edwards settles patent litigation with Medtronic for $37.5mm

Deal summary reprinted from Strategic Transactions - January 2008

Edwards Lifesciences has signed a deal with Medtronic Vascular to resolve the patent infringement litigation that began in August 2003.