Supply Chain

Johnson & Johnson is looking for a buyer for its medical device manufacturing business Cordis, according to a Wall Street Journal report.

Dublin, Ireland-based Covidien has acquired Morrisville, N.C.-based Sapheon, a developer of venous disease treatments.

Charlotte, N.C.-based Premier has announced plans to acquire Raleigh, N.C.-based Aperek for $48.5 million, according to a Triangle Business Journal report.

The following medical device manufacturer and biotech mergers occurred in the past two months.

In a span of two days, Minneapolis-based Medtronic announced plans to acquire two European companies.

The global market of electrodes for medical devices is expected to be valued at $1.45 billion in 2019, growing at a compound annual growth rate of 11.7 percent, according to a Transparency Market Research report.

Louisville, Colo.-based GHX, a healthcare supply chain technology company, reports saving $5 billion in supply chain savings for the North American healthcare market over the past five years.

Dublin, Ireland-based Covidien has acquired Irvine, Calif.-based Reverse Medical Corp.

Roche, a Swiss pharmaceutical company, plans to acquire Brisbane, Calif.-based InterMune, a biotech firm, for $8.3 billion, according to a Wall Street Journal report.

After the IRS released a report showing revenue from the Medical Device Tax was below projections, Sen. Dan Coats (R-Ind.) has started a new push to repeal the controversial tax, according to a report by The Hill.