Bioelectronics Corp (BIEL)

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Colfax splitting divisions into 2 separate companies.

Didn't know about this:

March 2021
Colfax to split industrial and medical device businesses into two companies


"We believe a separation will better position each business to execute tailored strategies to deliver above-market growth," said Colfax Chief Executive Officer Matt Trerotola.

Colfax aims to complete the separation by the first quarter of 2022, with Trerotola set to head the medical technology business.

DJO, which Colfax acquired in 2019, sells medical devices for joint reconstruction, vascular health and pain management and brought in sales of $309.5 million in the fourth quarter.

The new medtech company will take in Colfax's current medical technology, which is expected to generate revenue of approximately $1.4 billion in 2021"

Colfax headquarters: Maryland

In February 2021, CEO and EVP sold shares of Colfax for a combined total of about $500K.