INDIA > Sweden based Medicover expands in the healthcare market in India

logo_medicover Medicover is set to acquire Medicover Fertility India and own 22% of Sahrudaya Healthcare Private limited “Maxcure” for approximately EUR 21 million($24.9 million). Fully funded by the principal shareholder but managed by Medicover, Medicover Fertility India was established in 2016. Medicover purchased this for $7.4 million which matches the original investment cost. Mediocover India had a revenue of EUR 0.3 More …

ENGLAND > US based GE Healthcare Acquires UK’s Aysmptote

asymptote GE Healthcare has acquired Asymptote Limited, a biotech firm specializing in cryochain technology for sensitive cellular therapies. According to GE Healthcare,  “the acquisition of Asymptote fills a critical gap in GE Healthcare’s end-to-end ecosystem of products and services for cell therapy production, and will be an important piece of the portfolio enabling the industrialization of these life-saving therapies”. With this More …

ISRAEL > Israel based Syneron Candela to be acquired by UK based Apax Partners for approximate $397Mn

Syneron Medical Ltd logo Israel based Syneron Candela is slated to be acquired by funds advised by Apax Partners for approximate $397Mn. The acquisition comes after fund advised by Apax Partners agreed to acquire all of the outstanding shares of Syneron Candela for $11.00 per share in cash. Barclays is acting financial advisor to Syneron Candela for the deal while  Gross, Kleinhendler, Hodak, Halevy, Greenberg & More …

SWITZERLAND > US based Boston Scientific to acquire Symetis for $435Mn

BostonScientificBlue USA based Boston Scientific is set to acquire Switzerland based Symetis for $435 million. The all-cash deal is expected to close in second quarter of 2017 after customary closing conditions are met. Symetis specializes in the development, manufacturing and marketing of percutaneous heart valve replacement solutions for the treatment of severe cardiac valve conditions.   About Symetis Symetis is a medical More …

USA > India based Tech Mahindra to acquire US based CJS Solutions for $110Mn

Tech_Mahindra_New_Logo.svg India based Tech Mahindra to acquire USA based healthcare IT services & consulting firm- CJS Solutions Group (The HCI Group’s Subsidiary) for $110 million. Tech Mahindra will acquire 84.7% of CJS Solutions with $89.5 million and 15.3% will be acquires over period of three years. The transaction is expected to close by April 2017, subject to the regulatory approvals. Tech More …

ENGLAND > France’s IBA Molecular to acquire Nuclear Imaging business of Mallinckrodt for $690Mn

Mallinckrodt_logo France based IBA Molecular to acquire Nuclear Imaging business of Mallinckrodt for $690 million. The transaction is subject to customary closing conditions. With this deal more than 800 workforce’s as well as two manufacturing facilities will be in IBA Molecular’s hands from Mallinckrodt.   About IBA MolecularIBA Molecular is France based company that produces radioactive tracers used in molecular imaging More …

USA > UK’s Reckitt Benckiser to acquire Mead Johnson for $16.6 Billion

Reckitt_Benckiser_logo UK based Reckitt Benckiser to acquire Mead Johnson for $16.6 billion. The $90 a share takeover deal is expected to close by third quarter of 2017 after all the customary closing conditions are met. The deal is worth $17.9 billion with debts of Mead Johnson included. Reckitt Benckiser will finance the acquisition with debt from Bank of America Merrill Lynch, More …

ISRAEL > US based Edwards Lifesciences Acquires Valtech Cardio for $340Mn

Edwards_Lifesciences_logo USA based Edwards Lifesciences acquires Israel based Valtech Cardio, a company that develops Cardioband System for transcatheter repair of the mitral and tricuspid valves, for $340Mn. The deal has some pre-specified milestones which if met over 10 year time will help Valtech Cardio gain further $350MN. So, the deal could go as high as $690Mn in total.   About Valtech More …