Alpha Source to Strengthen Medical Equipment Service Offerings

Alpha Source announced that it has expanded its portfolio of medical equipment service offerings through a recent investment in Medical Optics. Medical Optics, a global leader of endoscope and surgical instrument repair, will operate as a business unit of Alpha Source. Together, Alpha Source and Medical Optics will continue to enhance their portfolio of solutions for healthcare customers seeking to extend the life of their medical equipment; and the patients who depend on them.

“The Alpha Source acquisition of Medical Optics is part of an ongoing growth strategy to expand our comprehensive portfolio of medical equipment parts, field service and depot repair options,” said Rick Lytle, Chief Executive Officer of Alpha Source and Medical Optics. “Medical Optics has a proven approach, focusing on rapid and flexible customer responsiveness, and we are excited to partner with the talented Medical Optics management team.”

Founded by Frank Malvasio in 1997, Medical Optics has grown into a premier, international and ISO certified endoscope repair company with a strong reputation for high quality, efficient turn-around of endoscopes and surgical instruments. “Our customers will continue to work directly with their trusted Medical Optics sales and service contacts, experiencing the same superior levels of customer service they’ve come to expect,” said Malvasio. “In addition, through commercial and supply chain partnership with Alpha Source, our ability to respond to customer needs and market growth becomes stronger.”

“The Alpha Source team is pleased by the continued operational and investment support from our private equity sponsor Baird Capital,” said Lytle. “Given the rapidly changing healthcare marketplace, hospitals and other healthcare providers will benefit from our broadening portfolio of medical equipment service offerings.”

Disposable Colonoscope System Approved by FDA

GI View Ltd., developer of advanced GI screening systems, announced that it has received FDA 510(k) clearance for the new Aer-O-Scope® Colonoscope System, a disposable, self-propelled, joystickcontrolled, easy-to-use colonoscope system, now with therapeutic access. The new
system has two working channels that enable therapeutic access using standard tools, such as snares and forceps, to take biopsies or perform polypectomies.

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Boston Scientific to Acquire EndoChoice

Boston Scientific and EndoChoice Holdings, Inc. announced the companies have entered into a definitive agreement under which Boston Scientific has agreed to acquire EndoChoice. Upon completion of the transaction, EndoChoice will become part of the Boston Scientific endoscopy business.

EndoChoice develops and commercializes innovative products and services for specialists treating a wide range of gastrointestinal (GI) conditions. The EndoChoice portfolio includes single-use devices, such as resection and retrieval devices, needles, graspers and infection control kits. The company also has strong positions in pathology services and imaging technologies.

Under the terms of the agreement, Boston Scientific will launch a tender offer for all EndoChoice outstanding shares at a cash price of $8.00 per share. Following the tender offer, if successful, all remaining shares of EndoChoice will receive the same consideration paid to stockholders who participated in the tender offer. The total equity value is approximately $210 million and the transaction is expected to close in the fourth quarter of 2016 subject to customary closing conditions.

A press release can be found from Boston Scientific website.

FDA Approved CardioFocus’ HeartLight® System for Atrial Fibrillation Treatment

CardioFocus, Inc. premarket approval (PMA) from FDA for its HeartLight® Endoscopic Ablation System for the treatment of patients with paroxysmal atrial fibrillation (AF).

The device consists of a compliant balloon at the distal end and an optical fiber that can deliver laser energy into the heart. A separate lumen is used to position device that lets the physician visualize the area under the laser gun.

The HeartLight System differs from other AF solutions that rely on x-ray or mapping support for guidance, by allowing the electrophysiologist to control the delivery of therapeutic laser energy, for the first time under direct visual guidance, to electrically and durably isolate the pulmonary veins (PVs).

More info available from Cardio Focus Inc. website.