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Ametek to buy Paragon Medical for $1.9bn

AMETEK has signed a definitive agreement to acquire US-based Paragon Medical from American Securities affiliates in an all-cash deal valued at $1.9bn.

Paragon Medical supplies medical components and instruments to original equipment manufacturers across diverse medical end markets. Established in 1991, the company has approximately $500m in yearly sales. The deal is subject to customary closing conditions, including necessary regulatory clearances.

Source: Pharmaceutical Technology

CooperCompanies pays $300m for Cook Medical assets

CooperCompanies has acquired certain medical device assets, focused primarily on Doppler monitoring, obstetrics and gynaecology surgery markets, from Cook Medical for approximately $300m. As part of the deal, CooperCompanies made a $200m payment at the closing of the transaction. 

Source: Pharmaceutical Technology

Inari Medical agrees to buy LimFlow in $415m deal

Inari Medical has signed a definitive agreement to acquire medical device company LimFlow in a deal valued at up to $415m. As per the agreement, LimFlow will obtain $250m in cash at closing and up to an additional $165m in commercial and reimbursement milestone payments. The acquisition grants Inari ownership of the LimFlow System for Transcatheter Arterialization of the Deep Veins (TADV). 

Source: Pharmaceutical Technology

Gynesonics secures $42.5m for uterine fibroids device rollout

Women’s healthcare company Gynesonics has secured $42.5m in financing to help further commercialise its Sonata technology. The round, led by existing investors Amzak Health, Endeavour Vision, Kaiser Permanente Ventures, Runway Growth Capital, and Bain Capital, adds to a previous investment raise of $25m in April 2023. 

Source: Pharmaceutical Technology