Weekly Postings
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Spotlight
NLM @ MLA 2018: attending the Medical Library Association conference in Atlanta, GA? Stop by the National Library of Medicine (NLM) exhibit booth 145 to meet NLM staff and see NLM Web products and services. The NLM Theater at the booth will feature demonstrations and tutorials on a wide variety of topics. You can also talk to MAR staff at the booth about funding, training, and current initiatives!
Sunday, May 20 from 1:00-2:00 PM: Executive Director Kate Flewelling
Monday, May 21 from 10:00-10:30 AM and 1:30-2:00 PM: Acade...
Source: NN/LM Middle Atlantic Region Blog - May 17, 2018 Category: Databases & Libraries Authors: Hannah Sinemus Tags: Weekly Postings Source Type: news
Sivantos, Widex merge to form 3rd largest hearing aid maker
Hearing aid maker Sivantos, formerly Siemens (NYSE:SI) audiology biz now owned by PE firm EQT, announced plans this week to merge with Danish hearing aid maker Widex in a deal that could make the merged group the third largest player in the hearing aid market, according to a Reuters report.
The merged company is expected to have combined revenues of approximately $1.9 billion (EU €1.6 billion), EQT said in a press release, and will allow for expanded investment into future technology and software for treating hearing loss.
The newly merged group has not yet decided on a new name or announced which of the com...
Source: Mass Device - May 17, 2018 Category: Medical Devices Authors: Fink Densford Tags: Business/Financial News Mergers & Acquisitions Otolaryngology Ear, Nose & Throat sivantos widex Source Type: news
Venus Medtech wins backing from DCP Capital
Chinese heart valve maker Venus Medtech said yesterday it inked a definitive investment agreement with DCP Capital to support the upgrading and internationalization of its valve products.
Through the deal, DCP Capital will also support clinical research into a new mitral and tricuspid valve disease treatment technology as the company looks to make a more solid entry into the international heart valve market, Venus Medtech said.
“DCP is delighted to have the opportunity to invest into Venus Medtech. We are extremely impressed with the company’s outstanding management team, strong technological cap...
Source: Mass Device - May 16, 2018 Category: Medical Devices Authors: Fink Densford Tags: Business/Financial News Venus Medtech Source Type: news
Analogic shareholder suit seeks to block $1B sale to Altaris
A group of Analogic (NSDQ:ALOG) shareholders filed a suit looking to block the company’s $1 billion go-private sale to Altaris Capital Partners, according to court documents posted this week.
Plaintiffs in the deal, led by Steve Barta, claim that Analogic did not supply shareholders with appropriate material “necessary to allow them to make an informed decision concerning whether to vote in favor of the merger,” according to court documents.
Plaintiffs in the case claim that Analogic withheld this information and supplied misleading information in its support of the acquisition.
The suit seeks to blo...
Source: Mass Device - May 16, 2018 Category: Medical Devices Authors: Fink Densford Tags: Business/Financial News Legal News Mergers & Acquisitions Analogic Source Type: news
Women in Business Awards 2018: Ruth Gutierrez Hafoka
Ruth Gutierrez Hafoka oversees employee development and leadership, as well as talent acquisition at one of the state's largest health insurers. (Source: bizjournals.com Health Care:Physician Practices headlines)
Source: bizjournals.com Health Care:Physician Practices headlines - May 16, 2018 Category: American Health Authors: Elizabeth Millard Source Type: news
Baptist Health seeks to transition 588 employees to new firm
An acquisition brought its quarterly income down. (Source: bizjournals.com Health Care:Physician Practices headlines)
Source: bizjournals.com Health Care:Physician Practices headlines - May 16, 2018 Category: American Health Authors: Brian Bandell Source Type: news
Sivantos and Widex in $8 billion merger to create No.3 in hearing aids
COPENHAGEN/FRANKFURT (Reuters) - Hearing aid makers Widex and Sivantos are merging to create an industry number three that can invest more in digital devices and step up the challenge to market leaders Sonova and William Demant. (Source: Reuters: Health)
Source: Reuters: Health - May 16, 2018 Category: Consumer Health News Tags: healthNews Source Type: news
White House Sends Budget Rescissions Proposal to Congress
The White House sent a $15.4 billion budget rescissions proposal to Congress on May 8, 2018, targeting spending cuts from ‘unobligated funds’ within several federal agencies and programs. The proposal does not propose any reductions from the fiscal year (FY) 2018 spending.
The plan proposes to rescind $4.8 billion in unused funding from Department of Energy (DOE) loan programs that have not made any loans since 2011. These include the Advanced Technology Vehicles Manufacturing (ATVM) loan program, an Obama-era initiative to help domestic automakers, and another DOE innovative technology loan program for large...
Source: Public Policy Reports - May 16, 2018 Category: Biology Authors: AIBS Source Type: news
Ancora Takes on FMR and Heart Failure with AccuCinch
Ancora Heart is making a play for the functional mitral regurgitation (FMR) treatment market – which is currently populated by medtech juggernauts Abbott Laboratories and Edwards Lifesciences.
The Santa Clara, CA-based company came closer to its goal to participate in the market after it received FDA approval to expand the enrollment for an early feasibility study of the AccuCinch. Ancora Heart said it can now enroll a second group of patients and expand to 15 heart centers across the U.S.
“The AccuCinch System is a left ventricular repair technology and it really is a new category and class of therapy,” ...
Source: MDDI - May 15, 2018 Category: Medical Devices Authors: Omar Ford Tags: Cardiovascular Implants Source Type: news
Park Dental CEO on taking a bigger bite out of the Twin Cities market
Park Dental has grown largely through acquisitions, nearly doubling its clinic locations from 23 to 45 from 2012 through last year. (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - May 15, 2018 Category: Pharmaceuticals Authors: Katharine Grayson Source Type: news
Park Dental CEO on taking a bigger bite out of the Twin Cities market
Park Dental has grown largely through acquisitions, nearly doubling its clinic locations from 23 to 45 from 2012 through last year. (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - May 15, 2018 Category: Biotechnology Authors: Katharine Grayson Source Type: news
Merger takes Jacksonville immunotherapy company to Houston
TapImmune Inc. (Nasdaq: TPIV), the Jacksonville-based developer of cancer fighting immunotherapies, is merging with Marker Therapeutics Inc., a Minnesota-based developer of similar T-cell therapies. The newly formed company will be based in Houston.
TapImmune and Marker will each own half of the company, though the deal is still subject to the approval of TapImmune's stockholders. Marker is privately held.
“I believe that the new therapies we are acquiring with Marker in this transaction represent… (Source: bizjournals.com Health Care News Headlines)
Source: bizjournals.com Health Care News Headlines - May 15, 2018 Category: Health Management Authors: Will Robinson Source Type: news
Merger takes Jacksonville immunotherapy company to Houston
TapImmune Inc. (Nasdaq: TPIV), the Jacksonville-based developer of cancer fighting immunotherapies, is merging with Marker Therapeutics Inc., a Minnesota-based developer of similar T-cell therapies. The newly formed company will be based in Houston, due to a strategic alliance with the Baylor College of Medicine.
TapImmune and Marker will each own half of the company, though the deal is still subject to the approval of TapImmune's stockholders. Marker is privately held. The combined company will… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - May 15, 2018 Category: Biotechnology Authors: Will Robinson Source Type: news
Recently merged trust given £162m loan
One of the country’s largest trusts will received £162m of central loans to help support the balance sheet following its merger with its neighbour. (Source: HSJ)
Source: HSJ - May 15, 2018 Category: UK Health Source Type: news
Household construction knowledge acquisition in post-disaster shelter training - Opdyke A, Javernick-Will A, Koschmann M.
The incorporation of safer building practices into shelter after disasters continues to plague recovery efforts. While limited resources are one potential cause, evidence from case studies suggests that poor adoption of safer construction may stem from a k... (Source: SafetyLit)
Source: SafetyLit - May 14, 2018 Category: International Medicine & Public Health Tags: Disaster Preparedness Source Type: news
Epidemiology of figure skating injuries: a review of the literature - Han JS, Geminiani ET, Micheli LJ.
CONTEXT: As the popularity and technical demands of figure skating increase, so will the number of athletes presenting with sport-related problems. EVIDENCE ACQUISITION: Searches were performed across PubMed from 1980 to 2017. The keywords searched were sk... (Source: SafetyLit)
Source: SafetyLit - May 14, 2018 Category: International Medicine & Public Health Tags: Ergonomics, Human Factors, Anthropometrics, Physiology Source Type: news
De Gruyter launches Sciendo
Publishing services division supports authors, societies and conference organizers
The international independent scholarly publisher De Gruyter is increasing and expanding its publishing service offering and has launched a new division to do so: Sciendo ([‘sjɛn|do] for the linguists).
Sciendo provides specialized custom publishing services and solutions for third parties, especially academic and research institutions, societies, university presses, conference organizers and individual authors. In addition to services for journals and books – including open access – other allied services, such as se...
Source: News from STM - May 14, 2018 Category: Databases & Libraries Authors: STM Publishing News Tags: European Featured Source Type: news
SurModics acquires Embolitech thrombectomy tech for $5m
SurModics (NSDQ:SRDX) said today it inked a deal with Embolitech to acquire its thrombectomy platform the and associated intellectual property in a deal worth $5 million up front, with additional payments based on regulatory milestones.
The newly acquired tech platform is designed for use in the peripheral vasculature to remove hard blood clots, Eden Prairie, Minn.-based SurModics said. SurModics added that it plans to leverage its design, development and manufacturing capabilities to advance the platform into different peripheral and vascular applications.
“We are pleased to sign an agreement with Surmodic...
Source: Mass Device - May 14, 2018 Category: Medical Devices Authors: Fink Densford Tags: Business/Financial News Catheters Mergers & Acquisitions Vascular SurModics Inc. Source Type: news
Lilly to Acquire AurKa Pharma
Acquisition Expands Lilly Oncology Pipeline with Early-Phase Asset Being Studied in Multiple Tumor Types
INDIANAPOLIS, May 14, 2018 -- (Healthcare Sales & Marketing Network) -- Eli Lilly and Company (NYSE: LLY) today announced an agreement to acquire A... Biopharmaceuticals, Oncology, Mergers & Acquisitions Eli Lilly, AurKa Pharma, Aurora kinase A inhibitor (Source: HSMN NewsFeed)
Source: HSMN NewsFeed - May 14, 2018 Category: Pharmaceuticals Source Type: news
WS264 release
C. elegans sORFs
sORFs.org is a public repository of small open reading frames (sORFs) identified by ribosome profiling (RIBO-seq).
It contains predicted sORF regions for several species, including C. elegans.
We have annotated 118 predicted sORF regions as coding (CDS) isoforms of the existing genes. It is likely that in the next release, where these isoforms do not overlap with existing isoforms, these sORF regions will be changed to be individual genes and not isoforms.
52 of these annotated sORF regions do not start with the canonical Methionine AUG initiation codon. It is possible that they use a non-canonical initiat...
Source: WormBase - May 14, 2018 Category: Genetics & Stem Cells Authors: Michael Paulini Tags: new datasets news release notes new release WS264 Source Type: news
The psychosocial impact of NHS Digital Badges on a school-aged cohort - Alexander JH, Neill S.
Goal-oriented modalities of learning have long been used in educational settings to promote engagement and encourage a step-by-step approach to the acquisition of skills and knowledge. Historically, badges have been material, but in keeping with technologi... (Source: SafetyLit)
Source: SafetyLit - May 12, 2018 Category: International Medicine & Public Health Tags: Age: Adolescents Source Type: news
Partners HealthCare CFO says plans for future are regional
Acquisition conversations with Care New England and Harvard Pilgrim Health Care are just the beginning of the growth plans Partners HealthCare is exploring, which includes a more regional view.
Peter Markell, chief financial officer for Partners, said the organization is evaluating different opportunities in the context of a larger New England strategy. “We’re looking at other places in New England where we think we can find people who want to work with us, (where) we think we’re a ligned in… (Source: bizjournals.com Health Care News Headlines)
Source: bizjournals.com Health Care News Headlines - May 11, 2018 Category: Health Management Authors: Jessica Bartlett Source Type: news
Partners HealthCare CFO says plans for future are regional
Acquisition conversations with Care New England and Harvard Pilgrim Health Care are just the beginning of the growth plans Partners HealthCare is exploring, which includes a more regional view.
Peter Markell, chief financial officer for Partners, said the organization is evaluating different opportunities in the context of a larger New England strategy. “We’re looking at other places in New England where we think we can find people who want to work with us, (where) we think we’re a ligned in… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - May 11, 2018 Category: Biotechnology Authors: Jessica Bartlett Source Type: news
Boca Raton hospital narrows potential partner/merger list to 2 local health care systems
The hospital also disclosed news about the future of its CEO. (Source: bizjournals.com Health Care News Headlines)
Source: bizjournals.com Health Care News Headlines - May 11, 2018 Category: Health Management Authors: Brian Bandell Source Type: news
Citing costs, East Bay drug facility closing, cutting 550 jobs, after big merger
Amneal Pharmaceuticals Inc. will shed 550 manufacturing, research and office jobs as it shuts down the Hayward facilities of the former Impax Laboratories after its merger with the East Bay company this week created the nation's fifth-largest generic drug company.
Amneal (NYSE: AMRX) leaders were vague on a conference call Monday, when its $6 billion merger with Impax was completed, about the fate of the East Bay facilities. But Friday the company said a "comprehensive analysis" of its current and… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - May 11, 2018 Category: Pharmaceuticals Authors: Ron Leuty Source Type: news
Weekly Postings
See something of interest? Please share our postings with colleagues in your institutions!
Spotlight
All of Us: Did you miss the NNLM All of Us webinar on April 30? Watch the recording on YouTube to learn more about getting involved with the All of Us Research Program.
Connect with MAR: MAR coordinators would love the chance to speak with you in person about your projects, and opportunities for potential partnership! Check out the schedule of upcoming conferences where you can meet and greet with our staff.
National Network of Libraries of Medicine News
Big Data in Healthcare – Opportunities for Librarians – SE...
Source: NN/LM Middle Atlantic Region Blog - May 11, 2018 Category: Databases & Libraries Authors: Hannah Sinemus Tags: Weekly Postings Source Type: news
Comments sought on Centene's $3.75 billion acquisition of Fidelis Care
The New York attorney general said she wants public comments as part of the office's review of Centene Corp.'s $3.75 billion purchase of Fidelis Care.
St. Louis-based Centene last month received approval for the deal from the New York Department of Health and the New York Department of Financial Services.
The nonprofit Fidelis Care is the leading government health plan in New York, which is the country's second largest managed care state by membership. Centene originally announced the proposed… (Source: bizjournals.com Health Care:Physician Practices headlines)
Source: bizjournals.com Health Care:Physician Practices headlines - May 11, 2018 Category: American Health Authors: Jacob Kirn Source Type: news
New York attorney general seeks comment on Centene's $3.75 billion acquisition of Fidelis Care
The New York attorney general said she wants public comments as part of the office's review of Centene Corp.'s $3.75 billion purchase of Fidelis Care.
Centene last month received approval for the deal from the New York Department of Health and the New York Department of Financial Services.
The nonprofit Fidelis Care is the leading government health plan in New York, which is the country's second largest managed care state by membership. Cen tene originally announced the proposed acquisition… (Source: bizjournals.com Health Care:Physician Practices headlines)
Source: bizjournals.com Health Care:Physician Practices headlines - May 11, 2018 Category: American Health Authors: Jacob Kirn Source Type: news
Top 150+ 2018: No. 144 ROi
ROi (Resource Optimization& Innovation), the supply chain management company founded and majority owned by Mercy, saw a change in leadership and completed an acquisition last year.
In July, Gene Kirtser, former president and CEO, took a top position at Raleigh, North Carolina-based Affordable Dentures& Implants. ROi has not hired a permanent successor.
In September, ROi acquired Orlando-based Healthcare Purchasing Alliance LLC, a member-driven organization dedicated to providing clinical quality… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - May 11, 2018 Category: Pharmaceuticals Source Type: news
Top 150+ 2018: No. 144 ROi
ROi (Resource Optimization& Innovation), the supply chain management company founded and majority owned by Mercy, saw a change in leadership and completed an acquisition last year.
In July, Gene Kirtser, former president and CEO, took a top position at Raleigh, North Carolina-based Affordable Dentures& Implants. ROi has not hired a permanent successor.
In September, ROi acquired Orlando-based Healthcare Purchasing Alliance LLC, a member-driven organization dedicated to providing clinical quality… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - May 11, 2018 Category: Biotechnology Source Type: news
Behind the mega-hospital merger that will make this Northern California health system a $28 billion behemoth
Dignity Health is far from the only hospital player seeking to gain strength through a merger. But it is the biggest. (Source: bizjournals.com Health Care News Headlines)
Source: bizjournals.com Health Care News Headlines - May 10, 2018 Category: Health Management Authors: Lauren Hepler Source Type: news
Behind the mega-hospital merger that will make this Northern California health system a $28 billion behemoth
Dignity Health is far from the only hospital player seeking to gain strength through a merger. But it is the biggest. (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - May 10, 2018 Category: Biotechnology Authors: Lauren Hepler Source Type: news
Aveanna Healthcare acquires Pasadena-based health care service company
An Atlanta home health company is adding to its presence in California with a new acquisition.
Pediatric home health care company Aveanna Healthcare agreed to acquire Pasadena, Cali.-based Premier Healthcare Services LLC, which provides pediatric services in California, Colorado and Texas, according to an announcement Thursday.
Financial terms of the transaction were not disclosed. The tra nsaction is scheduled to close in mid to late June.
"We are extremely excited to be back in California in… (Source: bizjournals.com Health Care:Pharmaceuticals headlines)
Source: bizjournals.com Health Care:Pharmaceuticals headlines - May 10, 2018 Category: Pharmaceuticals Authors: Eric Mandel Source Type: news
Permira Funds To Acquire Corin A Leading Orthopaedic Company
New funding to fuel the next stage of Corin's development after 5 years of outstanding growth
LONDON, May 10, 2018 -- (Healthcare Sales & Marketing Network) -- Global investment firm Permira and Corin Orthopaedics Holding Ltd ("Corin"), one o... Devices, Orthopaedic, Mergers & Acquisitions Corin Orthopaedics, Permira Funds (Source: HSMN NewsFeed)
Source: HSMN NewsFeed - May 10, 2018 Category: Pharmaceuticals Source Type: news
Lilly Announces Agreement To Acquire ARMO BioSciences
$1.6 billion transaction will bolster Lilly's clinical portfolio with ARMO's lead immuno-oncology asset, pegilodecakin, which is being studied in multiple tumor types
INDIANAPOLIS and REDWOOD CITY, Calif., May 10, 2018 -- (Healthcare Sales & Marketing N... Biopharmaceuticals, Oncology, Mergers & Acquisitions Eli Lilly, ARMO BioSciences, pegilodecakin (Source: HSMN NewsFeed)
Source: HSMN NewsFeed - May 10, 2018 Category: Pharmaceuticals Source Type: news
Pilot and Feasibility Studies in Preparation for Drug and Alcohol Abuse Prevention Trials (R34 Clinical Trial Optional)
Funding for (a) pilot and/or feasibility testing of innovative new, revised, or adapted prevention intervention approaches to prevent or delay the initiation and onset of drug and alcohol use, the progression to misuse or problem use or alcohol and other substance use disorder, reduce drinking and driving and deaths related to impaired driving, and the drug- or alcohol-related acquisition or transmission of HIV infection and viral hepatitis among diverse populations and settings; and, (b) pre-trial feasibility and acceptability testing for prevention services and systems research. (Source: HSR Information Central)
Source: HSR Information Central - May 10, 2018 Category: International Medicine & Public Health Source Type: news
Top 150+ 2018: No. 23 Concordance Healthcare Solutions
2017 revenue: $1.125 billion
+39%
Revenue climbed at Concordance Healthcare Solutions in 2017 as the company wrapped up its first full year since its creation through the merger of three medical distribution firms.
Concordance was formed in 2016 when Earth City-based MMS-A Medical Supply Co. merged with two other medical distributors — Sioux Falls, South Dakota-based Kreisers Inc. and Tiffin, Ohio-based Seneca Medical — to create the new company.
In 2017, Concordance wrapped up the acquisition… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - May 10, 2018 Category: Biotechnology Source Type: news
Top 150+ 2018: No. 23 Concordance Healthcare Solutions
2017 revenue: $1.125 billion
+39%
Revenue climbed at Concordance Healthcare Solutions in 2017 as the company wrapped up its first full year since its creation through the merger of three medical distribution firms.
Concordance was formed in 2016 when Earth City-based MMS-A Medical Supply Co. merged with two other medical distributors — Sioux Falls, South Dakota-based Kreisers Inc. and Tiffin, Ohio-based Seneca Medical — to create the new company.
In 2017, Concordance wrapped up the acquisition… (Source: bizjournals.com Health Care:Physician Practices headlines)
Source: bizjournals.com Health Care:Physician Practices headlines - May 10, 2018 Category: American Health Source Type: news
Mergers, STPs, GP federations and much more in May Commissioning Excellence
Practice mergers are often driven by necessity but provide the opportunity for CCGs and their members to think beyond the legal formalities and start to address problems of workload and workforce. (Source: NHS Networks)
Source: NHS Networks - May 10, 2018 Category: UK Health Source Type: news
York Capital Management ups stake in Fortis to 6.25% ahead of board meet
York Capital Management's acquisition gives it 6.25% of the share capital carrying voting rights in Fortis Healthcare Ltd, the Indian healthcare group told the Bombay Stock Exchange. (Source: The Economic Times)
Source: The Economic Times - May 10, 2018 Category: Consumer Health News Source Type: news
How $6 billion generic drug company merger could affect this East Bay city and Roche
The $6 billion merger producing the fifth-largest U.S. generic drug maker could have a big impact on Hayward as well as one of the biggest drugs developed by South San Francisco-based biotech giant Genentech Inc.
The merger completed Monday between Hayward's Impax Laboraties Inc. and a partnership known as Amneal Pharmaceuticals LLC likely will change the amount of manufacturing, research and development and administrative work done in the East Bay as the new Amneal Pharmaceuticals Inc. (NASDAQ:… (Source: bizjournals.com Health Care News Headlines)
Source: bizjournals.com Health Care News Headlines - May 9, 2018 Category: Health Management Authors: Ron Leuty Source Type: news
How $6 billion generic drug company merger could affect this East Bay city and Roche
The $6 billion merger producing the fifth-largest U.S. generic drug maker could have a big impact on Hayward as well as one of the biggest drugs developed by South San Francisco-based biotech giant Genentech Inc.
The merger completed Monday between Hayward's Impax Laboraties Inc. and a partnership known as Amneal Pharmaceuticals LLC likely will change the amount of manufacturing, research and development and administrative work done in the East Bay as the new Amneal Pharmaceuticals Inc. (NASDAQ:… (Source: bizjournals.com Health Care:Biotechnology headlines)
Source: bizjournals.com Health Care:Biotechnology headlines - May 9, 2018 Category: Biotechnology Authors: Ron Leuty Source Type: news
Takeda aims to boost rare disease profile with Shire deal, says R & D chief
Takeda ’s $62 billion acquisition of Shire plc on Tuesday would accelerate the Japanese drugmaker’s transformation into a global pharmaceutical giant by significantly expanding its pipeline of rare disease treatments, a top executive based in Cambridge said in an interview.
Andy Plump, Takeda’s chie f medical and scientific officer, said the deal was partly driven by the company’s desire to expand further into the market for so-called orphan drugs. They target small groups of patients —… (Source: bizjournals.com Health Care:Physician Practices headlines)
Source: bizjournals.com Health Care:Physician Practices headlines - May 8, 2018 Category: American Health Authors: Max Stendahl Source Type: news
Takeda reaches $62B deal to buy Shire
After a series of offers, Takeda (TYO:4502) said today that it reached an agreement with Shire (NSDQ:SHPG) to acquire the U.S.-based company in a deal valued at $62 billion.
The merger was approved by both companies’ boards of directors, according to Takeda, and is slated to close in the first half of 2019. Takeda investors are wary of the enormous pricetag – shares are down -20% since the Japanese company first announced its interest in buying Shire last month.
Get the full story at our sister site, Drug Delivery Business News.
The post Takeda reaches $62B deal to buy Shire appeared fi...
Source: Mass Device - May 8, 2018 Category: Medical Devices Authors: Sarah Faulkner Tags: Mergers & Acquisitions Pharmaceuticals Wall Street Beat Shire Plc. Takeda Pharmaceuticals Source Type: news
Takeda to buy Shire for $62 billion
Takeda Pharmaceutical Co. Ltd. has agreed to acquire Shire plc for $62 billion.
The companies announced the preliminary deal on Tuesday morning following weeks of back-and-forth negotiations. The talks played out in public thanks to a quirk of U.K. securities laws, which require listed companies like Shire to disclose takeover offers.
The deal, which is subject to approval f rom shareholders, would give Shire's stockholders part cash plus Takeda stock. After the acquisition, Shire shareholders would… (Source: bizjournals.com Health Care News Headlines)
Source: bizjournals.com Health Care News Headlines - May 8, 2018 Category: Health Management Authors: Max Stendahl Source Type: news
Philips Expands its Sleep & Respiratory Care Portfolio with the Acquisition of NightBalance
Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it has acquired NightBalance, a digital health scale-up company based in the Netherlands, that has developed an innovative, easy to use device to treat positional obstructive sleep apnea and positional snoring. Financial details of the transaction were not disclosed. (Source: eHealth News EU)
Source: eHealth News EU - May 8, 2018 Category: Information Technology Tags: Featured Philips Business and Industry Source Type: news
Influence of technology acquisition on organizational performance studied in Iran
(Kazan Federal University) 80 international companies from Iran were selected, and 320 respondents in key managerial positions were questioned. As the researchers found out, acquisition and use of technological innovations is a positive influence on organizational efficiency. (Source: EurekAlert! - Social and Behavioral Science)
Source: EurekAlert! - Social and Behavioral Science - May 8, 2018 Category: International Medicine & Public Health Source Type: news
Cardinal Stumbles with Cordis, But Can Recover
When Cardinal Health acquired Johnson and Johnson’s Cordis unit for $1.94 billion in 2015, it seemed like an all-around good plan for all parties involved. The sale of Fremont, CA-based Cordis would give J&J the ability to focus on more profitable sections like pharmaceuticals. It would also give Cardinal Health the ability to stretch its wings into the medtech space.
However things don’t always work out as planned.
In its latest earnings call, Dublin, OH-based Cardinal Health said its sales increased about 5.7% to $33.63 billion in the latest fiscal quarter. This beat analysts’ estimates of about $33...
Source: MDDI - May 7, 2018 Category: Medical Devices Authors: Omar Ford Tags: Business Cardiovascular Source Type: news
Varian acquires Taiwanese distributor Cooperative CL Enterprises
Varian Medical (NYSE:VAR) said today it acquired Taiwanese radiotherapy equipment distributor Cooperative CL Enterprises for an undisclosed amount.
The distribution company, based in Taipei, currently employs approximately 45 individuals and has represented and distributed Varian equipment for more than 40 years, the Palo Alto, Calif.-based company said.
“With the acquisition of COOP, Varian will be able to work and collaborate more closely with our customers in Taiwan as well as providing more efficient and comprehensive services,” Varian Asia Pacific prez Kevin O’Reilly said in a pre...
Source: Mass Device - May 7, 2018 Category: Medical Devices Authors: Fink Densford Tags: Business/Financial News Distribution Mergers & Acquisitions Varian Medical Systems Source Type: news
NN closes $375m Paragon Medical buyout
NN Inc. (NSDQ:NNBR) said today that it closed its $375 million acquisition of orthopedic contract manufacturer Paragon Medical.
NN last month agreed to put up $375 million for Pierceton, Ind.-based Paragon, which makes orthopedic case and tray kits, implants and instruments. The company posted sales growth of 11.9% to $141 million last year, NN said when it announced the deal. Paragon also has facilities in Indianapolis, Smithfield, Utah, Siechnice, Poland, Lausanne, Switzerland and Changzhou, China.
NN, which is based in Johnson City, Tenn., has said it expects the deal to deliver $...
Source: Mass Device - May 7, 2018 Category: Medical Devices Authors: Brad Perriello Tags: Mergers & Acquisitions Orthopedics Wall Street Beat NN Inc. Paragon Medical Source Type: news
