FEATURES >> Top 5 Medical Device VC Deals, H1 2010
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PerkinElmer sells IDS unit for $500M
PerkinElmer has agreed to sell its Illumination and Detection Solutions business to PE firm Veritas Capital Fund III for $500 million in cash ($482 million net of payment for acquired cash balances). The 3,000-employee unit, which includes 14 manufacturing facilities, provides lighting and sensor components, subsystems and integrated solutions to equipment manufacturers serving a various health, environmental and security segments. The business is expected to generate $300 million in 2010 revenue. Report
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Top 5 Medical Device VC Deals, H1 2010
A simplified diabetes device, two eye treatments, a surgical back device, and diagnostic biomarkers--these five technologies attracted the most venture capital funding in the first half of 2010. At the halfway point, Intuity Medical and its all-in-one glucose monitoring system gained the most funding. Report
