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The Latest Pharma Jobs, News and Events today | 24 January 2017

Ethicon Announces Acquisition of Megadyne Medical Products, Inc.

Ethicon Endo-Surgery, Inc. announced today that it has acquired Megadyne Medical Products, Inc., a privately held medical device company that develops, manufactures and markets electrosurgical tools used in operating rooms worldwide. The acquisition brings together the intelligence of Ethicon's* advanced energy devices with Megadyne's innovative portfolio of electrosurgical tools representing a major step forward in Ethicon's goal to deliver the most comprehensive suite of intelligent energy solutions that enhance precision and efficiency in the operating room. Financial terms of the transaction have not been disclosed....

"We are committed to meeting the evolving needs of surgeons and hospital systems, and the addition of Megadyne's state-of-the-art portfolio gives us a comprehensive suite of energy devices to improve patient care in surgeries across all specialties," said Michael del Prado, Company Group Chairman of Ethicon. "This acquisition will help accelerate and expand innovation across the entire energy portfolio, broadening our surgical and energy solutions to provide clinical and economic value to customers worldwide."

Electrosurgical devices are used in nearly four out of every five surgeries. Megadyne complements Ethicon's advanced energy tools with world class products that include monopolar and bipolar electrodes, patient return electrodes, generators and smoke evacuation systems. The addition of Megadyne's electrosurgical portfolio significantly enhances Ethicon presence in the multi-billion dollar global energy market providing significant value to hospital systems and surgeons and reach more patients worldwide.

"Megadyne shares Ethicon's commitment to bringing innovative solutions to surgeons and hospital systems worldwide," said Megadyne Chief Executive Officer Rob Farnsworth. "We are excited about working together to bring more elegant electrosurgical tools to a broader market through Ethicon's extended global network."

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