CAIRE Inc. Acquires MGC Diagnostics (MGC)

MGC Diagnostics (Altus Capital Partners-backed) Acquires Lemon Medical GmbH

November 22, 2021

Medical Devices

MGC Diagnostics Corporation, a portfolio company of Altus Capital Partners, has acquired Lemon Medical GmbH, a German manufacturer of single‑patient disposable viral and bacterial filters and non‑invasive cardiorespiratory diagnostic systems. Financial terms were not disclosed; the acquisition strengthens MGC's in‑house manufacturing capabilities, product offering and European footprint.

SSI Diagnostica Group Acquires Gulf Coast Scientific

April 28, 2025

Medical Devices

SSI Diagnostica Group (Denmark) has acquired Gulf Coast Scientific, a Florida-based in‑vitro diagnostics company specializing in Urea Breath Testing for Helicobacter pylori. The deal expands SSI Diagnostica Group's gastrointestinal diagnostic portfolio and strengthens its footprint in the US clinical diagnostics market.

Gyrus Capital Acquires LRE Medical

August 1, 2023

Medical Devices

Gyrus Capital, a Geneva-based investment firm, has acquired LRE Medical, a Germany-headquartered maker of complex diagnostic devices and analytical instruments, from AIS Global (previously a KPS-backed business). LRE Medical (founded 1961) operates two sites in Germany with more than 250 employees; the transaction—a carve-out/buyout—closed in August 2023 and is intended to accelerate growth in point-of-care diagnostics.

AdaptHealth Corp. Acquires AeroCare Holdings, Inc.

December 1, 2020

Healthcare Services

AdaptHealth Corp. agreed to acquire Orlando-based AeroCare Holdings for approximately $2.0 billion in a transaction consisting of about $1.1 billion in cash and 31 million shares of AdaptHealth stock. The deal, announced December 1, 2020 and closed February 2, 2021, expands AdaptHealth’s home medical equipment scale and geographic footprint—creating a combined company serving nearly 3 million patients from over 500 locations across 46 states.

MIGA Holdings Acquires Invacare's North American Business

November 12, 2024

Medical Devices

MIGA Holdings LLC has acquired Invacare Holdings Corporation’s North American business, transferring Invacare’s U.S. mobility and home-healthcare product operations to MIGA. The divestiture lets Invacare concentrate on its other regional operations while giving MIGA a platform to expand manufacturing, sales and distribution in the North American medical mobility market.

Maverix Medical Acquires Cirrus Bio

March 29, 2024

Biotechnology

Maverix Medical, a lung cancer platform backed by Ajax Health, KKR, and Hologic, has acquired Cirrus Bio to form the foundation of a new diagnostics division, Maverix Dx. Cirrus Bio's multiomic diagnostic capabilities and its founders, David Mallery (CEO) and Scott Morris (CSO), will lead Maverix Dx as the platform pursues further diagnostic product development and M&A.