M&As this week: HealthInvest Small & MicroCap Fund, Paragon Care, Varian Medical Systems

2 March 2018 (Last Updated March 2nd, 2018 12:48)

HealthInvest Small and MicroCap Fund has acquired 9.3% stake in surgical equipment manufacturer Stille AB from Linc AB.

HealthInvest Small and MicroCap Fund has acquired 9.3% stake in surgical equipment manufacturer Stille AB from Linc AB.

Linc will hold 46.8% in Stille, following the transaction.

HealthInvest Small and MicroCap Fund is a fund management company, while Linc is an investment company.

All the companies involved in the transaction are based in Sweden.

Paragon Care Ltd has agreed to acquire Surgical Specialties Group for A$32.4m ($25.37m).

Paragon Care will make a cash payment of A$26m ($20.35m) and the remaining A$6.4m ($5.01m) in fully paid ordinary shares of the company.

Based in Australia, Paragon Care is a medical devices and consumables provider, while Surgical Specialties, also based in Australia, is a surgical medical devices distributor.

“The acquisition will strengthen Paragon medical device portfolio, as well as increase its footprint in Australia and New Zealand.”

The acquisition will strengthen Paragon medical device portfolio, as well as increase its footprint in Australia and New Zealand.

Varian Medical Systems Inc (Varian) has acquired Canadian clinical decision support (CDS) software provider Evinance Innovation Inc.

The acquisition will enable Varian to integrate its 360 Oncology care management platform with Evinance’s platform to deliver a comprehensive cancer care operating system to clinicians.

Based in the US, Varian is a manufacturer of medical devices and software for treating cancer.

AddLife AB has entered an agreement to purchase all shares in Ossano Scandinavia AB, a medical device company based in Sweden.

The acquisition will strengthen AddLife’s product portfolio.

Based in Sweden, AddLife is a life sciences company involved in the provision of diagnostics, biomedical research, and laboratory analysis products.