NextPhase Medical Devices Acquires Proven Process Medical Devices

Arterex (Investindustrial-backed) Acquires NextPhase Medical Devices

July 17, 2023

Medical Devices

Arterex (Medical Device, Inc.), an Investindustrial-backed medical device contract manufacturer, has acquired NextPhase Medical Devices from Kidd & Company, LLC. The deal expands Arterex’s global multi-capability platform — nearly doubling the group’s scale and adding complementary design, engineering and complex electromechanical and implantable device manufacturing capabilities across North America and internationally.

ProPharma Group Acquires M Squared Associates

March 16, 2022

Healthcare Services

ProPharma Group, a portfolio company of Odyssey Investment Partners, has acquired M Squared Associates, a clinical, regulatory and quality consulting firm serving the medical device and diagnostic industry. The acquisition expands ProPharma's med‑tech capabilities across clinical affairs, regulatory strategy and quality systems, enabling broader end‑to‑end support for device, combination product and diagnostic clients globally.

Provest Equity Partners Acquires Advanced Process Solutions

July 31, 2025

Manufacturing

Provest Equity Partners, an Atlanta-based private equity firm founded by Suhas Uppalapati and Kerry Byler, has acquired Advanced Process Solutions (formerly Advanced Plastic Services). The transaction closed July 31, 2025; APS is a precision manufacturer serving semiconductor and energy end markets (including Texas Instruments) and will serve as Provest’s first platform investment to expand capabilities and customer reach in semiconductor and energy supply chains.

Probo Medical Acquires Davis Medical Electronics

November 16, 2023

Medical Devices

Probo Medical, a provider of diagnostic imaging equipment and services backed by Avista Capital Partners, has acquired Davis Medical Electronics, Inc., a long-standing supplier of cardiology equipment and supplies founded in 1983. The deal expands Probo's cardiology-focused offering and strengthens its footprint in the western United States; financial terms were not disclosed.

TekniPlex Healthcare Acquires Seisa Medical

November 9, 2023

Medical Devices

TekniPlex Healthcare has signed a definitive agreement to acquire Seisa Medical, a full-service contract manufacturer of Class II and III medical devices headquartered in El Paso, Texas. The deal expands TekniPlex Healthcare’s materials science and process technology capabilities into the medical device CDMO segment, adding Seisa’s ~2,000 employees and facilities in the U.S., Mexico and Slovakia; the closing is subject to regulatory approval.

Sanner Group Acquires Springboard Pro

January 3, 2024

Medical Devices

Sanner Group, a GHO Capital-backed medical device CDMO, has acquired Springboard Pro, a Cambridge-based specialist in design and development of regulated medical devices. The acquisition strengthens Sanner's in-house medical technology and diagnostics development capabilities and establishes a new Design Center of Excellence in the UK.