Medical Equipment, Supplies & Distribution

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Covidien PLC acquires Sapheon Inc

Thursday, 28 Aug 2014 07:00am EDT

Covidien PLC:Acquired Sapheon Inc a privately-held developer of venous disease treatments.Financial terms of the transaction were not disclosed.

Medtecs International Corp Ltd completes acquisition of shares in Medtecs (Taiwan) Corporation

Wednesday, 27 Aug 2014 05:30am EDT

Medtecs International Corp Ltd:Says that the acquisition of shares in MTC was completed on Aug. 27, pursuant to which MTC has become a wholly-owned subsidiary of the company.Says an aggregate of 32,643,260 Consideration Shares were allotted and issued to nominees of the Vendor.

Medtronic acquires NGC Medical

Tuesday, 26 Aug 2014 11:05pm EDT

Medtronic Inc:Medtronic acquires NGC Medical to Strengthen Its Integrated Health Solutions Portfolio.Completes acquisition of NGC Medical S.p.A. (NGC), privately-held Italian company, in transaction that values NGC at $350 mln.Medtronic held 30 pct ownership stake in company prior to completion of the acquisition.NGC will serve as Managed Services arm for Medtronic's Hospital Solutions business and represents another example of Medtronic's continuing effort to lead the transformation to value-based healthcare by leveraging the economic value of its products and services.The unit will operate as separate entity, continuing its long-standing commitment of being a brand-agnostic partner to hospitals.Medtronic expects net impact from this transaction to be neutral to fiscal year 2015 earnings and for this transaction to be consistent with the company's disciplined focus on long-term returns.

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