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AMETEK has signed a definitive agreement to acquire US-based Paragon Medical from American Securities affiliates in an all-cash deal valued at $1.9bn.

Paragon Medical supplies medical components and instruments to original equipment manufacturers across diverse medical end markets. Established in 1991, the company has approximately $500m in yearly sales. The deal is subject to customary closing conditions, including necessary regulatory clearances.

CooperCompanies has acquired certain medical device assets, focused primarily on Doppler monitoring, obstetrics and gynaecology surgery markets, from Cook Medical for approximately $300m. As part of the deal, CooperCompanies made a $200m payment at the closing of the transaction. 

Inari Medical has signed a definitive agreement to acquire medical device company LimFlow in a deal valued at up to $415m. As per the agreement, LimFlow will obtain $250m in cash at closing and up to an additional $165m in commercial and reimbursement milestone payments. The acquisition grants Inari ownership of the LimFlow System for Transcatheter Arterialization of the Deep Veins (TADV). 

Women’s healthcare company Gynesonics has secured $42.5m in financing to help further commercialise its Sonata technology. The round, led by existing investors Amzak Health, Endeavour Vision, Kaiser Permanente Ventures, Runway Growth Capital, and Bain Capital, adds to a previous investment raise of $25m in April 2023.