Cardinal Agrees To Sell Cordis For $1Bn To Hellman & Friedman
Cardinal said it remains “committed to its medical distribution and global medical products businesses” despite the divesture of Cordis.
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Dealmaking Quarterly Statistics, Q1 2021: Boston Scientific, Roche Start The Year With Billion-Dollar-Plus Acquisitions
During the first quarter, medical device company mergers and acquisition totalled $10.2bn, while in vitro diagnostic firms and research tools players completed M&A activity that totaled $5bn.
An Indianapolis federal jury has awarded $3m to a woman who says a Cook intravenous filter broke apart within her body. This is the the third bellwether case in ongoing multi-district litigation, and the first that has ruled against Cook.
Most of the large, diversified medtech companies have now reported their sales and earnings for the second quarter and first half of 2017. All of the companies in this category reported revenue growth and promised investment in new technologies across all their businesses, but a Baxter and Cardinal Health stand out as having especially successful quarters. Abbott is still trying to overcome major challenges, and J&J is turning around its medical device businesses under new leadership.