Bain Capital Ventures, a wing of the Boston private equity firm cofounded by Mitt Romney, has closed a new $600 million fund to invest in business, Internet and healthcare companies.This is Bain Capital Ventures’ fifth fund and its largest to date. Generally, the firm has put about half of its $2 billion-plus capital into early [...]

Five years after it first announced the desire to sell its emergency medical response business, Physio-Control, Medtronic (NYSE:MDT) has found a buyer in Bain Capital Ventures.The private equity firm will pay $487 million in cash to buy back ownership of the Redman, Washington-based business it sold to Medtronic in 1998 for $538 million.Physio-Control makes emergency [...]

Precision Therapeutics Inc. has raised $34 million in equity and options to further develop a test that helps identify an individual’s best chemotherapy options, according to a filing with the Securities and Exchange Commission.The company’s ChemoFX drug marker tests multiple chemotherapies on a patient’s cancer cells before treatment to determine which drugs are likely to [...]

Bain Capital Ventures, which has invested in Midwestern health care start-ups, has raised a $525 million fund, its first since 2007.

Contract drug development organization Ricerca Biosciences LLC has agreed to acquire the discovery and preclinical business of MDS Pharma Services for $35 million less working capital and cap-ex reserve.