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MassMEDIC
Notes
July 2006
Tyco Healthcare has signed a definitive agreement to
acquire Confluent Surgical through its U.S. Surgical
division. The deal is valued at $245 million and both parties hope to
finalize the transaction by August. Confluent Surgical’s CEO, Amar
Sawhney, was recently recognized by the New England office of
Ernst & Young as “Entrepreneur of the Year.”….Lawrence-based
Radianse, Inc. recently closed a $6 million Series B
round, led by National Healthcare Services, the investment arm of Southern
California’s MemorialCare Health System. The round brings the company’s
total capital to $15 million…SuturTek’s Fascia
Suturing Device recently won a Silver 2006 Industrial Design Excellence
Award (IDEA). The IDEA award, co-sponsored by BusinessWeek and the Industrial
Designers Society of America is international competition that recognizes
design innovation from around the world. SuturTek took the honor in the
medical and scientific equipment category….ONI Medical recently
celebrated the sale of its 100th MSK Extreme MRI unit to St. Mary’s
Hospital of Leonardtown, Maryland….Andover-based Smith &
Nephew has acquired OsteoBiologics of San Antonio, Texas. Smith
& Nephew bought the company to acquire its bioabsorbable bone graft
substitutes…Abiomed has received FDA approval for
an implantable tubing system that allows for less bleeding and reduced
trauma for patients who receive the company’s artificial heart…
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July 2006
