![]() Drive Medical has acquired ActiveCare Medical Inc., a manufacturer and distributor of power wheelchairs and mobility scooters, according to an Oct.Covidien will acquire all of the outstanding capital stock of BARRX, a private company, for approximately $325 million, with additional future earn out payments possible upon achievement of company milestones Covidien (Mansfield, MA) signed a definitive agreement to acquire BARRX Medical Inc (Sunnyvale, CA), which develops endoscopic treatment solutions for Barrett’s esophagus and other gastroenterological diseases such as esophageal squamous cell neoplasia, bleeding associated with radiation proctopathy, and bleeding associated with gastric antral vascular ectasia.Paragon Ventures was the exclusive advisor to Hyder Hospice House in the transaction. Hyder Hospice House an inpatient hospice provider was acquired by Amedisys.The transaction will be financed using a combination of cash on hand, as well as committed debt. Privately held eBioscience specializes in flow cytometry, which is used to study blood cells with the goal of researching and diagnosing diseases. 30, enhances the Affymetrix molecular diagnostics business and improves its focus on stem cell biology. The San Diego-based target tapped Jefferies managing director Real Leclerc to facilitate the acquisition, which is expected to close late in the fourth quarter. agreed to pay $330 million for eBioscience Inc. ![]() ![]() Genetic testing instrument maker Affymetrix Inc.The investment will serve as a platform for HCP to capitalize on the shortage it has identified in facilities to meet the growing demand for behavioral health services. Polaris acquires, develops and operates physical medicine/rehabilitation hospitals and behavioral health hospitals in cooperation with acute hospitals. HCP & Company (fka Hispania Capital Partners) has acquired a majority interest in Polaris Hospital Company.TJC formed the company in 2006 in partnership with The Edgewater Funds and JZ Capital Partners. Wound Care is a provider of wound care clinic management services to hospitals as well as a manufacturer of monoplace hyperbaric oxygen therapy chambers and other respiratory care products. A group led by The Jordan Company has completed its sale of Wound Care Holdings to National Healing Corporation, a portfolio company of Metalmark Capital since 2008.The company had cash and cash equivalents of nearly $277 million. 30, Ebitda in the first nine months stood at $379 million on $1.74 billion of revenue. for $100 million up front and $30 million more in milestones. In September 2009, the company announced it would acquire Seattle healthcare coaching company Free & Clear Inc. and its two substance abuse testing laboratories for $110 million in cash. In February 2010, Alere, then known as Inverness Medical Innovations Inc., announced the acquisition of Kroll Laboratory Specialists Inc. Axis-Shield makes diagnostic products for a range of indications such as diabetes and blood coagulation. In October, Waltham, Mass.-based Alere won a hostile takeover of Axis-Shield in a deal worth £235 million ($364 million). Alere’s purchase includes 806,452 restricted shares of Alere’s common stock, giving Arriva’s shareholders collectively less than 1% ownership in Alere. The fund typically invests between $3 million and $20 million in smallcap companies with Ebitda of between $3 million and $15 million. The investment was made out of its Palm Beach Capital Fund III LP, which closed at the end of May with a total of $133.5 million. It also gives a quick exit to Palm Beach Capital LLC, with offices in West Palm Beach and Tampa, Fla., which said in May it bought a stake in Arriva for an undisclosed amount. The $65 million purchase price is 3 times the company’s $21.5 million in revenue for the six months ended Oct. Private equity-backed Arriva of Coral Springs, Fla., operates a national mail-order distribution business of diabetes testing supplies, targeting patients who need to monitor blood glucose levels. has picked up a smaller add-on, Arriva Medical, for $65 million. Scotland-based Axis-Shield plc, diagnostic testing company Alere Inc.
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