After a simply amazing year that saw one blockbuster deal after another, the medical device industry took a breather this month. Kimberly-Clark Corp. 's acquisition of Ballard Medical Products Inc. [See Deal]. Still, it’s a big deal--nearly three-quarters of a billion dollars in size. More importantly, it represents the kind of deal-making that, though very different from the headline-grabbing, blockbuster acquisitions of the past year, is arguably more relevant to most hospital supply and device companies.
For years, Ballard Medical Products, a manufacturer of innovative devices used in respiratory and gastrointestinal medicine, finished high on the...