In Brief: Urohealth
This article was originally published in The Gray Sheet
Executive Summary
Urohealth: Urological products firm acquires minimally invasive surgical instrument manufacturer Microsurge in a deal valued at $38 mil. Privately held Microsurge, based in Needham, Massachusetts, markets two lines of multi-use laparoscopy products: the DetachaTip line of scissors, graspers and dissectors; and DetachaPort trocars. The firm also is developing multi-use devices for thoracic procedures. Urohealth issued $29 mil. in stock and assumed $9 mil. in debt to effect the transaction...