Here are the four most powerful companies and their acquisitions so far this year:
1. Johnson & Johnson (No. 37 at $366.2 billion market value)
• Auris Health: Acquisition complete April 1 for $3.4 billion in cash, up to $2.35 billion in contingent payments payable upon reaching predetermined milestones.
• Emerging Implant Technologies: Johnson & Johnson Medical Device Companies acquired Emerging Implant Technologies, a 3D-printed titanium spinal implant company, in September 2018 for an undisclosed amount.
2. Medtronic (No. 150 at $113 billion market value)
• Titan Spine: Medtronic announced May 9 that it would acquire Titan Spine, a company focused on titanium spinal implants and nanotechnology surface technology, for an undisclosed amount.
• EPIX Therapeutics: Medtronic acquired EPIX to complement its cardiac ablation portfolio on Jan. 24 for an undisclosed amount.
3. Stryker (No. 366 at $67.3 billion market value)
• OrthoSpace: Stryker acquired OrthoSpace on March 14 for $110 million upfront and up to $110 million in future payments contingent on meeting predetermined milestones.
• Arrinex: Stryker acquired Arrinex, a cryoablation technology company, for an undisclosed amount on Feb. 25.
4. Boston Scientific (No. 557 at $48.8 billion market value)
• Vertiflex: Boston Scientific acquired Vertiflex, which developed the Superion Decompression System, for $465 million upfront and additional payments in the next three years contingent on reaching certain milestones. The transaction occurred May 9.
• Millipede: Boston Scientific acquired Millipede, a privately held company focused on its transcatheter annuloplasty ring system, in December 2019.
More articles on medical devices:
Globus Medical reports screw placement success in spinal robot
Medtronic reports 1.1% drop in Q4 spine revenue: 4 key notes
5 device co key notes
