The U.S. Federal Trade Commission (FTC) has sued to block the planned acquisition of medical device company Surmodics by GTCR. According to a news release, GTCR also owns a majority stake in Biocoat. The FTC says Biocoat is the second-largest provider of outsourced hydrophilic medical device coatings, behind only Surmodics. As a result, the FTC … [Read more...] about FTC challenges private equity firm’s acquisition of Surmodics
Tubing Components
Olympus has a serious endoscope guide sheath recall
The FDA today issued a notice warning of the removal of certain single-use guide sheath kits for endoscope instruments by Olympus. This recall involves removing certain devices from where they are used or sold. The FDA identified it as the most serious type of recall, as it may cause serious injury or death. Olympus warned customers to not … [Read more...] about Olympus has a serious endoscope guide sheath recall
Freudenberg Medical is getting a new CEO
NEWS RELEASE: CEO transition at Freudenberg Medical Beverly, Massachusetts – Freudenberg Medical, a global contract design, development and manufacturing partner to the medical device and biopharma industry, has announced a strategic leadership transition. Effective Jan. 1, 2025, Michael McGee, former COO, assumed the role of chief executive … [Read more...] about Freudenberg Medical is getting a new CEO
Medtronic acquires articulating instrument maker Fortimedix Surgical
Fortimedix Surgical announced today that it has been acquired by medtech giant Medtronic (NYSE:MDT). "We are pleased to share that Fortimedix Surgical was acquired by Medtronic," the company wrote on LinkedIn. "A unique opportunity to leverage our articulating instrument technology for application across patient therapies. We look forward to … [Read more...] about Medtronic acquires articulating instrument maker Fortimedix Surgical
This medtech developer is throwing everything at clots
Retriever Medical is developing a thrombectomy system with a four-front approach for treating blood clots. The Las Vegas-based startup calls its technology VORS AMD, for vascular occlusion removal system with aspiration, mechanical and drug delivery. The approach combines nitinol baskets for mechanical thrombectomy with aspiration, clot-busting … [Read more...] about This medtech developer is throwing everything at clots
Zeus names first chief technology officer
Zeus today announced it named Suresh Sainath as its new chief technology officer, effective immediately. The chief technology officer position is newly created, and Sainath will lead the Orangeburg, S.C.-based polymer extrusion and catheter manufacturing company's efforts to accelerate innovation and leverage the advanced capabilities of its … [Read more...] about Zeus names first chief technology officer
Smiths Medical issues urgent field safety notice for some Portex tracheotomy tubes
ICU Medical’s Smiths Medical this week issued an urgent field safety notice for some of its Portex Blue Line siliconized PVC tracheotomy tubes. The company issued the warning due to an issue related to the neck plate or flange of the Portex Blue Line siliconized PVC tracheotomy tubes. The failure mode can happen during use as a complete or … [Read more...] about Smiths Medical issues urgent field safety notice for some Portex tracheotomy tubes
Zeus hires new CEO from Becton Dickinson
Zeus has hired Padraic “Paddy” O’Brien as CEO from Becton, Dickinson and Co. effective April 1, the medical tubing supplier said today. O’Brien is worldwide president of BD Peripheral Intervention, where he “developed an extensive and consistent track record of delivering durable, sustainable growth while creating a winning culture,” Zeus said … [Read more...] about Zeus hires new CEO from Becton Dickinson
Zeus sale to private equity firm EQT closes
Zeus is officially under new ownership after private equity firm EQT closed on its acquisition of the medical tubing supplier. “Today marks the start of a new chapter for our company, and we’re excited to share this update with you,” Zeus said in an email to “industry partners” announcing the deal’s finalization. “We believe this partnership … [Read more...] about Zeus sale to private equity firm EQT closes
Zeus owners are selling to private equity
The EQT X fund will become the owner of medical tubing tech provider Zeus under an agreement announced today. Financial terms of the acquisition were not disclosed. Bloomberg reported that the deal values the company at $3.4 billion, citing "people with knowledge of the matter." The transaction is expected to close in Q1 2024, subject to … [Read more...] about Zeus owners are selling to private equity
