Medical Devices Acquisitions in 2024

StatLab Medical Products has acquired Especialidades Médicas Myr, S.L. (Myr), a Spanish histology equipment manufacturer headquartered near Tarragona, Spain. The acquisition adds manufacturing capabilities, a global distributor network and expands StatLab's European footprint and access to emerging markets.

Bausch + Lomb Corporation (through an affiliate) has acquired Elios Vision, Inc., developer of the ELIOS excimer-laser MIGS system, expanding Bausch + Lomb's glaucoma surgical capabilities and complementing its cataract surgery portfolio. The ELIOS technology, currently CE marked and marketed in the EU, is undergoing pursuit of FDA approval and will be commercialized more broadly through Bausch + Lomb's global cataract surgery channels.

Astorg completed a take-private of Hamilton Thorne and simultaneously acquired Cook Medical’s Reproductive Health business, combining the two to create a global leader in assisted reproductive technology (ART) consumables, instruments and equipment. The combined company will serve fertility clinics and IVF laboratories in over 115 countries, with a new executive team appointed to lead the integrated MedTech platform.

H.B. Fuller Company signed agreements to acquire Italian medical adhesive manufacturer GEM S.r.l. and Irish tissue-adhesive producer Medifill Ltd., expanding its Medical Adhesive Technologies (MAT) business and establishing a European hub for the platform. The combined purchase price is €180 million (pre-synergy 15.5x EBITDA) with expected 2024 combined net revenue of €23 million and adjusted EBITDA of €11.5 million; the GEM transaction is expected to close in February 2025, subject to customary conditions.

Arlington Capital Partners has acquired TEAM Technologies, a Morristown, Tennessee–headquartered medical device manufacturer and strategic supply‑chain solutions provider, from Clearlake Capital Group for an undisclosed sum. Arlington plans to build on TEAM Tech’s vertically integrated manufacturing footprint and accelerate growth through organic investment and strategic add‑on M&A to strengthen healthcare supply chains and customer capabilities.

Nihon Kohden has acquired a 71.4% stake in NeuroAdvanced Corp., the parent of Ad‑Tech Medical Instrument Corporation, from ARCHIMED’s MED II fund, with ARCHIMED retaining a 28.6% minority stake and entering a joint venture with Nihon Kohden. The deal brings together Nihon Kohden’s EEG and monitoring platform with Ad‑Tech’s intracranial neuroelectrodes to strengthen epilepsy diagnostics and expand Ad‑Tech’s global reach across North America, Europe and Asia.

Tübingen-based private equity firm SHS Capital has acquired a majority stake in German home care provider Medizintechnik Rostock GmbH (MTR) from the company’s two shareholder-managing directors, who remain significant shareholders. The investment will support MTR’s continued growth and nationwide expansion of its rental-based medical device and in-home service offerings across movement, electro and compression therapy.

Lafayette Instrument, a Branford Castle Partners portfolio company, has acquired the ALZET Osmotic Pumps business from DURECT Corporation as an add-on to expand Lafayette’s life-science instrumentation offering. The acquisition strengthens Lafayette’s preclinical dosing product line and represents the fourth bolt-on for the company since Branford Castle’s 2021 investment; the deal includes senior and mezzanine debt financing.

Canadian advanced-materials healthcare company Myant Corp. has acquired Swiss smart-textile firm Nanoleq and the technologies of Swiss deep-tech Osmotex to accelerate its textile-computing and biosensing roadmap. The deals add sensor and moisture-management capabilities, talent and a Zurich base for Myant's EU/EMEA expansion and integration into its medical device portfolio.

Boston Scientific Corporation agreed to and completed the acquisition of Axonics, Inc., a publicly traded medical technology company focused on sacral neuromodulation and urology devices, for $71 per share (approximately $3.7 billion equity value). The deal expands Boston Scientific’s urology portfolio by adding Axonics’ SNM therapy products and related technologies, expected to be accretive to its Urology business over time.

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.

MDC (Medical Device Components), a Montagu-backed precision medical components platform, has acquired Lighteum, a nitinol-based medical component manufacturer. The add-on acquisition, which closed on November 8, 2024, expands MDC's nitinol processing and rapid-prototyping capabilities and extends manufacturing footprint in San Diego, Mexicali and Australia.

Savillex, a portfolio company of Thompson Street Capital Partners (TSCP), has acquired Optimum Processing, Inc., a San Rafael-based manufacturer of custom single-use bioprocessing bags and systems. The acquisition expands Savillex's product portfolio and presence in the San Francisco Bay Area to provide end-to-end container and containment solutions for pharmaceutical, biopharmaceutical and contract manufacturing customers.

Viant (Viant Medical) has acquired Fremont, California–based Knightsbridge Plastics to add precision micro-molding and injection-molded component capabilities to its medical device design and manufacturing services. The deal expands Viant’s global centers of excellence and strengthens its end-to-end manufacturing capabilities for next‑generation medical devices and advanced drug‑delivery systems.

Horus Pharma has purchased a significant participation in Inocare Pharm, a Bucharest-based company that commercializes ophthalmic medical devices, diagnostic instruments and dietary supplements. The investment — Horus Pharma's first outside France — is intended to expand Horus's presence into Romania, the Balkans and CIS markets while strengthening Inocare Pharm's product portfolio and market position.

StarFish Medical, a North American medical device development firm, has acquired Omnica Corporation, a 40-year-old medical device design and engineering company based in Irvine, California. The acquisition expands StarFish's West Coast footprint and adds Omnica's prototyping, engineering and regulatory capabilities while retaining Omnica's existing team.

Primo Medical Group, together with former Arthrosurface executives and a newly formed parent company Phoenix Brio, acquired Arthrosurface, a maker of joint restoration and preservation implants, from Anika Therapeutics. The deal returns Arthrosurface to independent ownership with Phoenix Brio as the parent and operations based in West Bridgewater, Massachusetts.

Joerns Healthcare has sold its U.K.-based Oxford safe patient handling business to Prism Healthcare as part of a strategic refocus on its core North American markets. Prism acquires the Oxford brand and exclusive U.K. distribution rights while Joerns retains its global design, development and manufacturing capabilities for its core product lines.

Graphite Capital has acquired Independence Products Limited (IPL), a UK-based distributor of prescription infection-prevention products focused on patients with chronic renal conditions. IPL holds a Dispensing Appliance Contractor (DAC) licence, distributes from a Nottingham warehouse and derives the majority of orders from repeat prescriptions, positioning the business to benefit from a growing chronic care patient population.

Healthcare Holding Schweiz AG, managed by Winterberg Advisory GmbH, has acquired MVB Medizintechnik AG of Frick, Switzerland. The add-on strengthens Healthcare Holding's medtech distribution portfolio with MVB's cardiotocography (CTG) offerings for obstetrics/gynecology and shock wave therapy devices; the seller-owners will remain with the business to ensure continuity.

Medical Care Products, a family-owned Jacksonville provider of disposable medical supplies, was acquired by industry veteran Roberto Silberwasser. The sale—handled by Viking Mergers & Acquisitions—transfers ownership from siblings Patricia and Tom Langenbach as they retire and supports continuity of the business.

PDC, supported by Vance Street Capital, has acquired Resenex to expand its fluid management product offerings for healthcare and biotechnology markets. The deal brings Resenex's OEM plastic fluid-flow components and patented check-valve technologies into PDC's precision injection-molding and value-added assembly platform to accelerate capability expansion and growth in adjacent medical and life-science end markets.

Platinum Equity has signed a definitive agreement to acquire Sunrise Medical Group, a Germany-headquartered global manufacturer and distributor of assistive mobility products, from Nordic Capital. The buyout (expected to close in Q3 2024) positions Platinum to pursue a buy-and-build strategy to expand Sunrise's geographic footprint—particularly in North America—and to accelerate product and operational investments.

ARCHIMED, a healthcare-focused private equity firm, has acquired FIM Medical, a Lyon-based leader in occupational health medical devices specializing in vision testers, audiometers and spirometers. The acquisition, executed by ARCHIMED's MED Rise fund, positions the firm to strengthen its neuro & sensory and occupational health capabilities and support FIM Medical's international expansion.

Calibre Scientific has acquired Invitech Ltd., a UK-based supplier of in‑vitro diagnostics and research kits serving clinical laboratories, CROs, public institutions and universities across the British Isles. The deal expands Calibre Scientific's product offering and distribution footprint in the UK and broader European market.

Johnson & Johnson has completed its acquisition of V‑Wave Ltd., adding V‑Wave’s Ventura Interatrial Shunt to the Johnson & Johnson MedTech portfolio. The transaction was accounted for as an asset acquisition and will result in an in‑process R&D charge of approximately $600 million as J&J expands its cardiovascular and heart‑failure capabilities.

Stockholm-based Safe Life has acquired two U.S. AED specialists: Enerspect Medical Solutions (Henderson, Nevada) and SafetyMed (Houston, Texas). These are Safe Life's 28th and 29th acquisitions since 2019 and expand its North American footprint, e‑commerce capabilities, and AED sales and training services.

Caldera Medical has acquired UVision 360, the developer of the LUMINELLE hysteroscopy and cystoscopy systems, expanding its minimally invasive women's health device portfolio. The deal brings the LUMINELLE product family — including the new LUMINELLE Bx on-demand biopsy technology — into Caldera's commercial infrastructure to broaden office-based and surgical hysteroscopy capabilities.

Sunrise Medical, the global assistive mobility manufacturer headquartered in Malsch, Germany, has acquired Nuprodx Inc., a Livermore, California–based maker of patented bathroom mobility and shower/tub slider systems. The deal expands Sunrise Medical’s product portfolio in bathroom mobility solutions and gives Nuprodx access to Sunrise’s larger North American and global distribution network.

RTI Surgical, a Montagu-backed CDMO, has agreed to acquire Collagen Solutions, a global supplier of engineered medical-grade collagen and xenograft tissue, expanding RTI's soft-tissue biomaterials capabilities. The acquisition broadens RTI's access to high-growth therapeutic areas including cardiac, sports medicine and orthopedics, and plastic and reconstructive surgery; Collagen Solutions is headquartered in Eden Prairie, Minnesota with additional sites in the U.K. and New Zealand.

HuFriedyGroup, an affiliate of Peak Rock Capital, has acquired SS White Dental, a manufacturer of carbide and diamond burs, endodontic instruments, and lab tools for the dental industry. The acquisition is an add-on to HuFriedyGroup's existing dental products portfolio and is intended to expand product capabilities, global manufacturing scale, and distribution reach for dental professionals worldwide.

Machine Solutions Inc., a provider of equipment and services to the medical device industry and a platform owned by BW Forsyth Partners, has acquired Alpine Laser LLC, a Minneapolis-based maker of laser processing workstations and development support. The acquisition adds laser processing capabilities to Machine Solutions' portfolio and is the company's ninth acquisition since joining the BW Forsyth Partners family.

Surplus Solutions, a portfolio company of NMS Capital, has expanded internationally through a partnership (add-on acquisition) with FAMECO Group ApS, a Strasbourg-based seller and refurbisher of analytical laboratory and medical equipment. The deal provides Surplus Solutions with an established European footprint, refurbishment capabilities, and inventory to accelerate cross-border growth and build out technical service offerings.

Silhouet-Tone, a Canada-based manufacturer of aesthetic and spa equipment, has acquired Clareblend, Inc., a Reno, Nevada maker of electrology and microcurrent devices for the medspa and skincare market. The transaction closed October 2, 2024 and was advised by Generational Group.

Baird Medical Investment Holdings Limited, a Guangzhou-based developer and manufacturer of microwave ablation medical devices, has completed its business combination with ExcelFin Acquisition Corp., a Nasdaq-listed SPAC. The combined public company (PubCo) will trade on Nasdaq under the ticker BDMD; founders and co-sponsor Grand Fortune Capital subscribed to a $4.9 million convertible preferred investment in the company.

Bioventus has signed a definitive agreement to sell the Advanced Rehabilitation business of its subsidiary Bioness to private equity firm Accelmed Partners for total cash consideration of $45 million (including up to $20 million in earn-outs). The divestiture reduces Bioventus' annual revenue by about $50 million and allows Bioventus to focus on its core business while Accelmed plans to invest in and expand the Bioness rehabilitation product line.

Mölnlycke Health Care has completed the acquisition of P.G.F. Industry Solutions GmbH, the Austrian manufacturer of Granudacyn wound cleansing and moistening solutions. The deal brings manufacturing capabilities in Elixhausen, Austria into Mölnlycke’s wound-care portfolio and is intended to expand the Granudacyn business and further develop Mölnlycke’s wound care offering worldwide.

Spectra Medical Devices, a portfolio company of QHP Capital, has closed its acquisition of XL Precision Technologies Ltd., a Stockton‑on‑Tees based CDMO that manufactures precision micro-components, complex tubular components, and sub‑assemblies for the medical device industry. Rubicon Partners Industries, which acquired XL‑PT in 2008, was the seller; the deal expands Spectra's development and precision‑manufacturing capabilities to better serve medical device OEMs.

Hitachi Ltd. has completed the acquisition of MA micro automation GmbH, a Germany-based provider of robotic and automation technology, from MAX Management GmbH (a subsidiary of MAX Automation SE). MA micro automation will be operated under JR Automation to expand Hitachi/JR Automation's capabilities and global reach in medical, advanced battery and other high-precision automation markets.

FTV Capital has made a significant growth equity investment in VALD, a Brisbane-based musculoskeletal health technology company, to accelerate VALD’s geographic expansion, product capability development and AI-enabled applications. As part of the deal, FTV partners Alex Mason and Justin Levine joined VALD's board to support the company’s next phase of global growth.

Sanner Group, a global healthcare packaging and medical device CDMO, has acquired Gilero LLC, a Durham, North Carolina–based medical device design, development, and contract manufacturer. The acquisition broadens Sanner's end-to-end CDMO capabilities and expands its manufacturing footprint in the United States, Mexico and Ireland to better serve pharmaceutical and medtech customers.

Harmar Mobility, a Sarasota, Florida-based manufacturer of mobility equipment, has acquired Pollock Lifts, a Carrickfergus, Northern Ireland manufacturer of wheelchair and disabled-access lifts. Pollock’s management team will remain in place and manufacturing will continue in Carrickfergus; Harmar plans to promote Pollock’s product categories across North America and other international markets.

Schivo has acquired ParMed, a Berlin, Connecticut-based fluid handling specialist led by founder Chris Parzych. The acquisition brings ParMed's fluidics IP and product capabilities into Schivo's Life and Analytical Sciences segment to strengthen OEM module offerings and expand into high-growth end-markets such as liquid chromatography, IVD, genomics, and proteomics.

German cryo-technology maker MECOTEC has acquired Restore Hyper Wellness’ cryo-chamber manufacturing company in Poland (Zimno Tech) as part of a strategic partnership with Restore. MECOTEC will manufacture Restore’s exclusive 1Cool/2Cool/4Cool chamber designs and supply Restore’s 225+ U.S. franchise locations while expanding its global footprint and manufacturing capacity.

Novo Holdings led a $50 million investment in Route 92 Medical as a Series F extension, joining returning investors U.S. Venture Partners, Norwest Venture Partners, InnovaHealth Partners, and The Vertical Group. The financing will accelerate global commercialization of Route 92's neurovascular intervention product portfolio and support regulatory authorizations in new geographies; Novo Holdings' Noel Jee will join Route 92's board.

3B Scientific, the Hamburg-based manufacturer of medical and veterinary educational simulators, has acquired Veterinary Simulator Industries (VSI), a developer of realistic veterinary training simulators. The deal expands 3B Scientific's veterinary training product portfolio and global distribution reach to support veterinary education worldwide.

Vitalograph, the family-owned respiratory diagnostics company based in Ennis, Ireland, has acquired Massachusetts-based Morgan Scientific, the developer of ComPAS2 software and a long-standing U.S. distributor for Vitalograph. The acquisition strengthens Vitalograph’s U.S. commercial footprint and integrates Morgan Scientific’s PFT software capabilities to support growth in advanced pulmonary function testing solutions globally.

Stryker has completed the acquisition of NICO Corporation, a privately held developer of minimally invasive neurosurgical systems including BrainPath and Myriad. The purchase expands Stryker's neurotechnology portfolio and strengthens its capabilities in tumor resection and treatment of intracerebral hemorrhage (stroke) worldwide.

Vapotherm, Inc. has closed a merger with a newly-formed entity organized and funded by an affiliate of Perceptive Advisors, with Perceptive investing $50.0 million of preferred equity and investment affiliates managed by SLR Capital Partners converting approximately $83.0 million of term debt into preferred equity (while retaining $40.0 million of term debt). As a result of the transaction Vapotherm’s common stock trading has been suspended on OTCQX and the company has requested delisting, reflecting a take-private recapitalization to restructure the balance sheet and provide new preferred equity financing.

Biocomposites has acquired the remaining shares in Laboratorios SL S.A. and Synergie Ingénierie Médicale S.A.R.L., gaining full control of the SYNICEM™ and Subiton antibiotic bone cement and preformed spacer product ranges. The deal consolidates Biocomposites' capabilities in infection-management bone cements and spacers and will allow the company to leverage its global distribution network to expand these products' reach.