Join The Discussion

 

New retailer, restaurant coming to Sundance Square

Sundance Square announced today it is adding a new retailer and a Korean restaurant to its misx. Women’s retailer White House Black Market will open a 3,815-square-foot store at the corner of Houston

read more >

Hanover Property plans $300M Fort Worth residential development

Hanover Property Co. of Dallas has snapped up 358 acres at FM 156 Blue Mound Road and U.S. 287 in North Fort Worth for a $300 million, master-planned development.

read more >

AT&T looks to hook up Fort Worth and area cities with fast fiber network

Fort Worth and several area cities are among the 100 cities where AT&T will expand its GigaPower ultra-fast fiber network.

read more >

UT Arlington's new president sets a standard

Since taking the reins as the eighth president of the University of Texas at Arlington nearly a year ago, Vistasp Karbhari is committed to advancing the university’s national and international profile while encouraging and celebrating student, faculty and staff success.

read more >

Houston attorney gives $1M endowment to Texas A&M University School of Law

Anthony G. Buzbee and his law firm have given a $1 million endowment to the Texas A&M University School of Law in Fort Worth.

read more >

 

 

Brookhaven Medical to acquire Wound Management

 

Brookhaven Medical Inc., an Atlanta-based medical device company with interests in dialysis devices and advanced wound care, said Oct. 15 it will acquire Wound Management Technologies Inc. of Fort Worth, an emerging commercial stage company focused on the worldwide advanced wound care market.


The letter of intent, which outlines the primary terms of a merger of Wound Management into Brookhaven, has been approved by the board of directors of both companies.
The transaction is expected to close in the first half of 2014.
John Feltman, chairman and CEO of Brookhaven, said, “Wound Management is an ideal match for Brookhaven’s synergistic approach to building our leading medical technology and products, and I believe it will be an integral part of our success in ushering Brookhaven into the advanced wound care industry.”


In addition to the Wound Management acquisition, Brookhaven recently entered into an agreement in principle to acquire a medical device company specializing in dialysis access and peripheral vascular applications, and also recently completed a strategic investment in CreatiVasc Medical Inc., a private company based in Greenville, S.C., which is developing a breakthrough hemoaccess valve system for dialysis grafts. Feltman said that CreatiVasc is one of only three companies recently selected by the FDA for inclusion in Brookhaven’s Innovation Pathway Program.
Brookhaven can achieve rapid growth and significant market share, according to Feltman.
“The global market segments we serve represent a market opportunity in excess of $50 billion. It is our firm belief that Wound Management and our other planned acquisitions help position Brookhaven to capture a significant share of product sales in those targeted market segments,” he said.


Wound Management recently entered into a three-year marketing and distribution agreement for CellerateRX, a patented collagen product, with WellDyne Inc., a privately-held health services company that provides pharmacy benefit management, mail order pharmacy and specialty drug fulfillment, in addition to online access to a broad range of information on health, disease, pharmaceuticals and wellness.
“By working with Brookhaven, we have the best opportunity for our CellerateRX wound care and surgical products to achieve substantial growth and to expeditiously take our emerging resorbable bone wax technology to market,” said Robert Lutz Jr., chairman and CEO of Wound Management Technologies. - Betty Dillard
 

< back

Email   email
hide
Perry vs Cuomo
Texas Gov. Rick Perry has challenged New York Gov. Andrew Cuomo to a debate on economic policy. If it is held, who would win?