Somanetics

Covidien to buy Somanetics for $250M

Covidien plc agrees to pay $250 million in cash to acquire oximetry device maker Somanetics Corp. at $25 per share. Covidien plc (NYSE:COV) continued to streamline its medical device operations with the latest acquisition in a series of buys and sells: a $250 million cash buyout of oximetry equipment maker Somanetics Corp. (NSDQ:SMTS). The Mansfield, […]

By MassDevice Staff

News

Michigan device maker Somanetics posts lower-than-expected fourth-quarter sales

Oximetry device maker Somanetics Corp. reported fourth-quarter revenue slightly below Wall Street's projections, though its nondiluted earnings per share beat estimates.

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The future looks bright for the integrated specialty pharmacy model – for health systems, providers, and most importantly, for patients.

By Jake Gaffey, MBA, Chief Strategy Officer at Shields Health Solutions