Antioch-based Symmetry Surgical has paid $400,000 to California-based Insightra Medical for a surgical retractor — a tool that peels back tissue from a surgical area — and related products. The deal isn't expected to grow profits in 2016 but CEO Tom Sullivan and his team say it will solidify their place in the market for retractors.
"This acquisition is another building block in our growth plan to acquire innovative products, supported by intellectual property protection, that bring clinical and economic value to our customers," Sullivan said in a statement. "It also expands our presence in the larger, single-use segment of the market, which drives higher margin recurring revenue."
Symmetry shares (Ticker: SSRG) rose about 2 percent Tuesday to $9.30. They've risen about 6 percent in the past six months.
Healthcare Realty Trust has paid nearly $28 million for a three-story medical office building on the campus of Northwest Hospital in Seattle. The deal is the latest in a number of Washington acquisitions for the Nashville-based real estate investment trust, which finished 2014 with $210 million invested in the Evergreen State. The Puget Sound Business Journal has more details here.
A joint venture between RegionalCare Hospital Partners — which will soon have a new majority owner — and a large Montana physicians group has ended talks about teaming up with a nonprofit health system in North Dakota. Catch up on the info here.
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