Addvise's subsidiary Sonesta Medical signed a three-year agreement with Laborie Medical Technologies for the global sale of urology and gynecology chairs and X-ray tables. The initial order value is at least SEK 50 million, with minimum annual volumes of 165 products.
EQT Mid Market US and EQT Mid Market Asia III have agreed to sell Clinical Innovations, a medical device manufacturer, to LABORIE Medical Technologies for an enterprise value of USD 525 million.
Laborie Medical Technologies completed its tender offer for Cogentix Medical at $3.85 per share, acquiring approximately 84.5% of outstanding shares. The merger is expected to close on April 23, 2018, making Cogentix a wholly owned subsidiary.
Laborie Medical Technologies will acquire Cogentix Medical for $3.85 per share in cash, totaling approximately $239 million. The transaction is expected to close in the second quarter of 2018.