Medical Devices Divestitures in 2021
Acquisition Volume in Medical Devices Divestitures in 2021 by Year
Last 5 years
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December 29, 2021
- Buyer
- Argentum Medical
- Target
- Anacapa Technologies
- Seller
- Anacapa Technologies
- Industry
- Medical Devices
- Location
- California, United States
- Type
- Divestiture
Argentum Medical, a Shore Capital‑backed medical device company and maker of Silverlon dressings, has acquired Anacapa Technologies' antimicrobial wound cleansers, gels and irrigation product lines, including the Anasept and Silver‑Sept brands. The deal, completed on December 29, 2021, expands Argentum's wound‑care portfolio and integrates Anacapa's topical antimicrobial solutions into Argentum's existing product lineup for surgical, burn and chronic wound care.
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December 20, 2021
- Buyer
- Sterimed Group
- Target
- Westfield Medical Group
- Seller
- Maven, Maven Investor Partners
- Industry
- Medical Devices
- Location
- Somerset, United Kingdom
- Type
- Divestiture
France-domiciled Sterimed Group has acquired Westfield Medical Group, a Somerset-based manufacturer of single-use sterilisation barrier packaging, from private equity owner Maven. The sale — which follows Maven's 2016 MBO of Westfield — is described as a strategic fit to expand Sterimed's product and geographic footprint; Maven and its co-investors generated a reported 2.2x blended return on exit.
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November 23, 2021
- Buyer
- Protective Industries, Berwind Corporation
- Target
- Medbio LLC
- Seller
- Graham Partners
- Industry
- Medical Devices
- Location
- Michigan, United States
- Type
- Divestiture
Protective Industries, a Berwind operating company, has acquired Medbio LLC from Graham Partners. Medbio, headquartered in Grand Rapids, Michigan, is a clean-room contract manufacturer specializing in injection molding and assemblies for medical device, life sciences and biotech customers; the acquisition expands Protective Industries' medical device manufacturing capabilities while representing a portfolio exit for Graham Partners.
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- Buyer
- Blue Wolf Capital Partners LLC
- Target
- CIVCO Radiotherapy
- Seller
- Roper Technologies, Inc.
- Industry
- Medical Devices
- Location
- Iowa, United States
- Type
- Divestiture
Blue Wolf Capital Partners has agreed to acquire CIVCO Radiotherapy, a maker of radiotherapy patient positioning and immobilization equipment, from Roper Technologies. CIVCO Radiotherapy, headquartered in Iowa with ~115 employees and serving hospitals and cancer centers globally, will be led by Nat Geissel as CEO following close; terms were not disclosed and the deal is expected to close by year-end.
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August 2, 2021
- Buyer
- Hellman & Friedman, Ajax Health, Zeus Health
- Target
- Cordis
- Seller
- Cardinal Health
- Industry
- Medical Devices
- Location
- Florida, United States
- Type
- Divestiture
Hellman & Friedman has completed the acquisition of Cardinal Health’s Cordis business for approximately $1 billion, with the buyer assuming certain liabilities and Cardinal Health retaining certain working capital accounts. Ajax Health and Zeus Health are partnering with H&F on the transaction; Cordis will operate as an independent medical device company headquartered in Miami Lakes, Florida.
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- Buyer
- Global Access Health, Soros Economic Development Fund (SEDF)
- Target
- Mologic Limited
- Seller
- Foresight Group LLP, Calculus
- Industry
- Medical Devices
- Location
- Bedfordshire, United Kingdom
- Type
- Divestiture
Global Access Health, a not-for-profit financed by the Soros Economic Development Fund and other philanthropic partners, has acquired Mologic Limited from Foresight Group LLP. The transaction transitions Mologic into a mission-driven social enterprise that will continue contract development and manufacturing while reinvesting commercial revenues to support diagnostics for epidemics and neglected tropical diseases.
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- Buyer
- RTI Surgical
- Target
- Optecure (Exactech product)
- Seller
- Exactech
- Industry
- Medical Devices
- Location
- Florida, United States
- Type
- Divestiture
RTI Surgical has entered a long-term strategic agreement with Exactech and acquired Optecure, a 510(k)-cleared demineralized bone matrix product used as a bone graft extender. The product acquisition expands RTI Surgical’s biologic bone substitute portfolio while allowing Exactech to focus on its core joint replacement business.
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- Buyer
- The Tecan Group
- Target
- Paramit Corporation
- Seller
- Altaris Capital Partners, LLC
- Industry
- Medical Devices
- Location
- California, United States
- Type
- Divestiture
The Tecan Group has agreed to acquire Paramit Corporation from Altaris Capital Partners for $1.0 billion, with the transaction expected to close in the third quarter. Paramit, headquartered in Morgan Hill, California, is a contract developer and manufacturer of complex electronic medical devices and life science instruments with ~1,000 employees across the U.S. and Malaysia.
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- Buyer
- Silver Investment Partners
- Target
- Crystal GmbH
- Seller
- SHS Gesellschaft für Beteiligungsmanagement mbH
- Industry
- Medical Devices
- Location
- Berlin, Germany
- Type
- Divestiture
Silver Investment Partners (SIP) has acquired the stake in Berlin-based Crystal GmbH from healthcare investor SHS. The investor transition will support Crystal's planned growth — development of new products, expanded production capacity and increased international sales — while SHS completes its exit.
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- Target
- Salter Labs
- Seller
- JZ Capital Partners Limited
- Industry
- Medical Devices
- Location
- Michigan, United States
- Type
- Divestiture
JZ Capital Partners Limited announced completion of the sale of its interest in Salter Labs, receiving net proceeds of approximately US$41.0 million (with a further approximately US$0.75 million placed in escrow subject to adjustments). The proceeds are intended primarily to repay around US$33.0 million to the Company's senior lenders, with the remainder applied in accordance with JZCP's investment policy and for general corporate purposes.
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- Buyer
- eDevice SA
- Target
- TwoCan Pulse
- Seller
- Boston Scientific
- Industry
- Medical Devices
- Location
- Nouvelle-Aquitaine, France
- Type
- Divestiture
Bordeaux-based eDevice SA has taken over commercialization of the TwoCan Pulse telecardiology monitoring system from Boston Scientific in France. TwoCan Pulse — a home monitor, medical peripherals, algorithm and web application for remote heart-failure monitoring — will be commercialized by eDevice to support cardiologists, patients and healthcare providers.
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June 17, 2021
- Buyer
- ATS Automation Tooling Systems Inc.
- Target
- BioDot
- Seller
- Artemis Capital Partners
- Industry
- Medical Devices
- Location
- California, United States
- Type
- Divestiture
ATS Automation Tooling Systems Inc. has acquired BioDot, an Irvine, California-based maker of ultra-low volume liquid dispensing and lab automation systems, from Artemis Capital Partners. The acquisition expands ATS's life-sciences and diagnostics automation capabilities and follows BioDot's growth under Artemis since its March 2020 investment.
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June 11, 2021
- Buyer
- 1315 Capital
- Target
- miraDry
- Seller
- Sientra, Inc.
- Industry
- Medical Devices
- Location
- California, United States
- Type
- Divestiture
1315 Capital, a healthcare growth equity firm, has acquired the miraDry business from Sientra, enabling Sientra to focus on its core Breast Products business. The transaction transfers ownership of the miraDry FDA-cleared sweat-reduction device and related business to 1315 Capital, which plans to invest in service, support, training and global expansion.
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June 1, 2021
- Buyer
- Paragon 28, Inc.
- Target
- Additive Orthopaedics
- Seller
- Additive Orthopaedics
- Industry
- Medical Devices
- Location
- New Jersey, United States
- Type
- Divestiture
Paragon 28, Inc. acquired the product lines and related assets of Additive Orthopaedics, including the FDA‑cleared 3D‑printed patient‑specific talus spacer and an integrated cloud‑based pre‑operative surgical planning application. The acquisition expands Paragon 28’s foot‑and‑ankle product offering and accelerates its strategy to integrate smart tools, AI and advanced technologies to improve patient outcomes.
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- Buyer
- Shalby (via Mars Medical Devices / Shalby Advanced Technologies)
- Target
- Consensus Orthopedics
- Seller
- Consensus Orthopedics
- Industry
- Medical Devices
- Location
- California, United States
- Type
- Divestiture
Indian hospital chain Shalby has acquired implant assets from US-based Consensus Orthopedics for $11.45 million in cash. The assets — including inventory, manufacturing plant and equipment — were purchased by Shalby via its Mars Medical Devices unit (Shalby Advanced Technologies) to expand the group's orthopedic implant capabilities and support both in-house use and international sales; about 40 Consensus employees will join Shalby and Consensus founder Daniel Hayes will become CEO of Shalby Advanced Technologies.
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March 3, 2021
- Buyer
- Boston Scientific
- Target
- Lumenis Surgical Business
- Seller
- Baring Private Equity Asia, Lumenis
- Industry
- Medical Devices
- Location
- Israel
- Type
- Divestiture
Boston Scientific has agreed to acquire the Lumenis Surgical Business from Baring Private Equity Asia/Lumenis for USD 1.07 billion, subject to closing adjustments. The deal transfers Lumenis' surgical laser portfolio and global surgical team (including its Israeli laser center of excellence) to Boston Scientific to bolster its Urology strategy, while Lumenis — still owned by BPEA — will focus on Aesthetics and Vision.
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January 14, 2021
- Buyer
- Pall Corporation
- Target
- Single Use Support GmbH
- Seller
- SHS Gesellschaft für Beteiligungsmanagement mbH (SHS)
- Industry
- Medical Devices
- Location
- Tyrol, Austria
- Type
- Divestiture
Pall Corporation has acquired shares in Austrian life-science supplier Single Use Support GmbH (SUS) from SHS Gesellschaft für Beteiligungsmanagement mbH. SUS, founded in Kufstein, provides patented single-use cold-chain and fluid-handling systems used by biopharma, biotech and medical device companies worldwide; the acquisition brings SUS's transport and freeze-thaw technologies into Pall's life-science portfolio.
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