New Calian acquisitions offer VR, training-simulation
October 13, 2021
OTTAWA – Continuing its aggressive M&A strategy, Calian Group is adding virtual-reality and training-simulation software to its growing list of offerings after acquiring a pair of local tech firms.
Calian – whose products and services include rapid COVID testing and antennas for satellite systems – said it bought affiliated companies SimFront and SimWave in a deal that could be worth up to $15-million if the Kanata-based firms meet their earnings targets.
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VANCOUVER – WELL Health Technologies Corp., a company focused on empowering healthcare practitioners and their patients with best in class tech enabled healthcare services, announced it has completed the previously announced acquisition of a majority interest in WISP, a U.S. technology leader and innovator in the delivery of quality virtual care and e-pharmacy experiences specializing in women’s health, for a total transaction value of approximately US$41.3 million, which includes a future conditional earn-out of up to approximately US$7.4 million.
MISSISSAUGA, Ont. – Baylis Medical Company Inc. is pleased to announce it has reached an agreement to sell its cardiology business to Boston Scientific Corporation.
The acquisition, for an upfront payment of $1.75 billion USD, subject to closing adjustments, will see Baylis Medical Company and its cardiology products transition to Boston Scientific. This includes the NRG® Transseptal Platform, the VersaCross® Transseptal Platform, as well as its full suite of transseptal sheaths and dilators, and ventricular tachycardia solutions.
BOSTON – GE Healthcare has entered into an agreement to acquire BK Medical, a leader in advanced surgical visualization, from Altaris Capital Partners for a cash purchase price of $1.45 billion. BK Medical is an innovator in global intraoperative imaging and surgical navigation, used to guide clinicians during minimally invasive and robotic surgeries and to visualize deep tissue during procedures in neuro and abdominal surgery, and in ultrasound urology. The company is headquartered in Boston and Copenhagen with more than 650 employees.
MIRAMICHI, NB – UNUM Health Inc., a software company based in New Brunswick, Canada is seeking to raise funds through NetCapital by October 11, 2021 in order to modify their home care platform to serve the U.S. market.
DEERFIELD, Ill.and CHICAGO – Baxter International Inc., a leading global medical products company, and Hillrom, a global medical technology leader, announced that an agreement under which Baxter will acquire Hillrom for $156 per share in cash for a total equity value of approximately US$10.5 billion.
TORONTO – Accenture has acquired Gevity, a strategy and consulting service provider focused on helping healthcare industry clients transform their businesses through innovative technology solutions, to expand its capabilities to deliver health transformation services in Canada and internationally. The terms of the acquisition were not disclosed.
TORONTO – Mackenzie Innovation Institute (Mi²) and Medirex Systems Inc. have announced a strategic partnership to develop, test and evaluate innovative technological solutions that drive patient engagement and improve patient experience through positive patient identification.
VANCOUVER – WELL Health Technologies Corp., a company focused on modernizing clinical and digital assets in the healthcare sector, has announced the formation of WELL Ventures, a wholly owned subsidiary of WELL, whose mandate is to invest in exceptional leaders, entrepreneurs and businesses supporting the global digital health ecosystem in Canada.
TORONTO – Swift Medical, a global leader in digital wound care, announced that it has raised US$35 million to fuel the expansion of its digital wound platform across the care continuum in North America.
The investment was led by Virgo Investment Group LLC, through one of its managed-investment funds, followed by existing investors DCVC, who led their Series A, and BDC Capital, through their Women in Technology Venture Fund.