Tracked deals
34
34 tracked deals across 2020-2025.
Who's Buying Medical Devices Companies in Canada
Buyer mix
Strategic-led
32 strategic · 9 investor
Top trend
Volume peaked in 2023
9 tracked deals announced in 2023.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| 3B Scientific | 1 | Global manufacturer and marketer of medical and veterinar... | Strategic |
| Acme United Corporation | 1 | Global supplier of safety solutions and cutting technolog... | Strategic |
| Avanos Medical, Inc. | 1 | Publicly traded medical device company developing, manufa... | Strategic |
| Boston Scientific Corporation | 1 | Global medical technology company developing and commerci... | Strategic |
| Branford Castle Partners | 1 | North American-focused private equity firm that makes con... | PE |
| Bruker Corporation | 1 | Global developer and manufacturer of scientific instrumen... | Strategic |
| CPS Fluidics | 1 | B2B contract manufacturer that designs, develops and manu... | Strategic |
| Canon Inc. | 1 | Global technology company producing imaging products, off... | Strategic |
| Capsa Healthcare | 1 | Provider of healthcare workflow products including mobile... | Strategic (PE-backed) |
| Cytiva | 1 | Global life‑sciences company providing tools, technologie... | Strategic |
Acquisition Volume in Medical Devices in Canada by Year
Last 6 years
Supporting Data
Recent Transactions
-
- Buyer
- Qatar Investment Authority (QIA), Janus Henderson Investors, MM Capital, Piper Heartland Healthcare Capital, Eventide Asset Management, Eckuity Capital, T. Rowe Price (funds/accounts advised), Durable Capital Partners LP, Strategic investor (unnamed)
- Target
- Kardium Inc.
- Industry
- Medical Devices
- Location
- British Columbia, Canada
- Type
- Growth capital
Kardium Inc., a Vancouver/Burnaby-based medical device company developing the Globe Pulsed Field System for atrial fibrillation, raised USD 250 million in a financing round led by the Qatar Investment Authority (QIA). The growth-capital raise, which included new investors Janus Henderson Investors, MM Capital, Piper Heartland Healthcare Capital, Eventide Asset Management, Eckuity Capital and participation from existing investors such as T. Rowe Price and Durable Capital, will fund regulatory approvals, the commercial launch and expansion of manufacturing capabilities.
-
June 2, 2025
- Buyer
- HOYA Vision Care
- Target
- Centennial Optical
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Buyout
HOYA Vision Care has acquired Centennial Optical, a Canadian distributor of ophthalmic frames, lenses, sunglasses, lab supplies and optical accessories. The deal will combine Centennial’s distribution network and customer relationships with HOYA’s products and technologies to strengthen service and support for the Canadian eye‑care market.
-
September 23, 2024
- Buyer
- 3B Scientific
- Target
- Veterinary Simulator Industries
- Industry
- Medical Devices
- Location
- Alberta, Canada
- Type
- Buyout
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.
-
August 22, 2024
- Buyer
- Trudell Medical Limited
- Target
- Vyaire Medical RDx
- Seller
- Vyaire Medical
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Buyout
Trudell Medical Limited has reached an agreement to purchase the RDx business unit of Vyaire Medical. The deal is subject to court approval and is expected to close in 8–12 weeks, with RDx operated as a separate business unit while maintaining operations in Germany and California.
-
July 31, 2024
- Buyer
- Stryker
- Target
- MOLLI Surgical Inc.
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Buyout
Stryker has completed the acquisition of MOLLI Surgical Inc., a privately held developer of wire-free soft tissue localization technology for breast-conserving surgery. The purchase brings MOLLI's MOLLI 2 localization system and small MOLLI Marker into Stryker's breast-cancer surgical portfolio, expanding its capabilities in oncology surgical solutions.
-
- Buyer
- Key members of the AccelLAB management team
- Target
- AccelLAB
- Seller
- Charles River Laboratories
- Industry
- Medical Devices
- Location
- Quebec, Canada
- Type
- Divestiture
Key members of AccelLAB's management team acquired AccelLAB from Charles River Laboratories, and the business will operate independently as a standalone preclinical CRO serving the medical device and biologics markets. Fairmount Partners served as exclusive financial advisor to Charles River in the divestiture; AccelLAB employs approximately 100 staff across facilities in Boisbriand and Terrebonne, Quebec, Canada.
-
January 16, 2024
- Buyer
- Safe Life
- Target
- AED4Life
- Seller
- Russ King, Lori King
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Addon
Stockholm-based Safe Life has acquired Canadian AED distributor AED4Life to strengthen its North American presence. The deal brings AED4Life's Canada-focused distribution, training and AED-management capabilities into Safe Life's growing global group.
-
January 7, 2024
- Buyer
- Gentex Corporation
- Target
- eSight
- Seller
- eSight Corporation
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Buyout
Gentex Corporation announced an asset acquisition of eSight to develop and manufacture next-generation mobile electronic eyewear for people with visual impairments. Gentex said it will leverage its digital vision, software and manufacturing expertise to advance eSight technology and feature the next-gen devices at CES 2024.
-
January 4, 2024
- Buyer
- Bruker Corporation
- Target
- Tornado Spectral Systems Inc.
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Buyout
Bruker Corporation has acquired Tornado Spectral Systems Inc., a Mississauga, Ontario-based maker of process Raman instruments, to expand Bruker’s biopharma Process Analytical Technology (PAT) product portfolio. Financial terms were not disclosed; Tornado’s HTVS-enabled Raman analyzers and probes will be integrated into Bruker’s spectroscopy and biopharma offerings to enhance process monitoring and quality control capabilities.
-
December 12, 2023
- Buyer
- Haemonetics Corporation
- Target
- OpSens Inc.
- Seller
- OpSens shareholders
- Industry
- Medical Devices
- Location
- Quebec, Canada
- Type
- Buyout
Haemonetics Corporation completed its acquisition of OpSens Inc. in an all-cash transaction for CAD $2.90 per share, representing a fully diluted equity value of approximately USD $255 million. The deal expands Haemonetics' hospital/interventional cardiology portfolio with OpSens' fiber-optic sensor technology (including the SavvyWire and OptoWire); OpSens will be delisted and Haemonetics expects OpSens to contribute $55–$65 million in revenue in fiscal 2025.
-
September 27, 2023
- Buyer
- Acme United Corporation
- Target
- Hawktree Solutions, Inc.
- Seller
- Hawktree Solutions, Inc. (in receivership)
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Buyout
Acme United Corporation acquired selected assets of Hawktree Solutions, Inc., a supplier of first aid and survival kits, medical supplies, and training, for approximately $1.0 million. Hawktree — which held the exclusive Canadian Red Cross license for certain first aid/survival products and had prior annual revenues of about $4.0 million — was in receivership; Acme United will operate the business from its Laval, Canada facilities and expects the acquisition to be accretive in Q4 2023.
-
September 14, 2023
- Buyer
- Permobil
- Target
- PDG Mobility
- Industry
- Medical Devices
- Location
- British Columbia, Canada
- Type
- Buyout
Permobil has acquired Canada-based PDG Mobility, a designer and manufacturer of manual tilt-in-space wheelchairs, strengthening Permobil's manual wheelchair and seating portfolio. The deal, announced September 13, 2023, will expand Permobil's product offering and global reach; financial terms were not disclosed.
-
- Buyer
- Fortis Life Sciences, LLC
- Target
- International Point of Care, Inc.
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Addon
Fortis Life Sciences, LLC has acquired Toronto-based International Point of Care, Inc. (IPOC). The acquisition adds IPOC’s 36,000 sq. ft. GMP and ISO 13485:2016 manufacturing facility and capabilities (lyophilized reagents, membranes, recombinant proteins, and controls) to Fortis’ diagnostics manufacturing platform, enabling end-to-end customizable solutions for immunodiagnostic and molecular diagnostic customers.
-
June 19, 2023
- Buyer
- Avanos Medical, Inc.
- Target
- Diros Technology Inc.
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Buyout
Avanos Medical, a medical device company headquartered in Alpharetta, Georgia, has entered into a definitive agreement to acquire Diros Technology Inc., a Toronto-based maker of radiofrequency (RF) products for chronic pain management. The purchase expands Avanos' RF product portfolio—adding Diros' Trident technology—to complement its COOLIEF cooled radiofrequency offering and strengthen its position in non-opioid, minimally invasive pain treatments.
-
- Buyer
- Seal Shield
- Target
- CleanSlate UV (Limestone Labs, Inc. dba CleanSlate)
- Seller
- Limestone Labs, Inc.
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Buyout
Seal Shield, a provider of infection control and disinfection solutions, acquired the assets of CleanSlate UV (Limestone Labs, Inc. dba CleanSlate) to expand its UV-C sanitization product portfolio and intellectual property. The all-cash asset purchase strengthens Seal Shield's device-sanitization offerings and supports broader adoption across healthcare, education, retail and hospitality markets.
-
- Buyer
- Lafayette Instrument, LLC, Branford Castle Partners
- Target
- Aurora Scientific, Inc.
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Addon
Lafayette Instrument, a portfolio company of Branford Castle Partners, has acquired Aurora Scientific, a Canada-based manufacturer of instrumentation and software for muscle physiology and neuroscience research. The bolt-on strengthens Lafayette’s life-science instrumentation offering and expands its product range into skeletal muscle physiology for universities and research institutions.
-
January 17, 2023
- Buyer
- Shockwave Medical, Inc.
- Target
- Neovasc Inc.
- Industry
- Medical Devices
- Location
- Canada
- Type
- Buyout
Shockwave Medical entered into a definitive agreement to acquire Neovasc, a minimally invasive treatment company focused on refractory angina. Under the plan of arrangement, Neovasc shareholders will receive $27.25 per share in upfront cash plus contingent value right (CVR) payments tied to regulatory milestones.
-
January 10, 2023
- Buyer
- Capsa Healthcare, Levine Leichtman Capital Partners
- Target
- Tryten Technologies Inc.
- Industry
- Medical Devices
- Location
- British Columbia, Canada
- Type
- Addon
Capsa Healthcare, a portfolio company of Levine Leichtman Capital Partners, has acquired Tryten Technologies Inc., a Canadian designer and manufacturer of lightweight mobile carts for telehealth and point-of-care applications. The transaction adds Tryten's mobile computing cart portfolio to Capsa's point-of-care and medication management solutions to expand virtual care, patient engagement, and mobility capabilities across healthcare settings.
-
December 13, 2022
- Buyer
- CPS Fluidics
- Target
- Hexano Corp
- Industry
- Medical Devices
- Location
- Canada
- Type
- Buyout
CPS Fluidics, a Wallingford, Connecticut-based contract manufacturer focused on microfluidics for the life sciences, has acquired Hexano Corp, a microfluidic cartridge manufacturer founded in 2018. The acquisition brings Hexano founder Andre Babineau into CPS Fluidics as VP of Sales and is intended to expand CPS Fluidics' manufacturing, prototyping capabilities and domestic and international market reach.
-
November 10, 2022
- Buyer
- ELNA Medical, National Bank Private Equity
- Target
- m-Health Solutions
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Buyout
Montreal-based ELNA Medical has acquired m-Health Solutions, a Canadian provider of wearable ECG (Holter) devices and cloud-based remote cardiac monitoring and reporting services. National Bank Private Equity provided financing support for the transaction; CIBC Mid-Market Investment Banking acted as exclusive financial advisor to m-Health Solutions.
-
November 9, 2022
- Buyer
- Molded Devices, Inc. (MDI), TruArc Partners
- Target
- GlobalMed Inc., Schauenburg‑Truplast Hose Technology Ltd.
- Seller
- Schauenburg Hose Technology Group, Schauenburg Technology SE
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Addon
Molded Devices, Inc. (MDI), majority‑owned by TruArc Partners, acquired GlobalMed Inc. (Canada) and Schauenburg‑Truplast (China) from Schauenburg Hose Technology. The deal expands MDI’s extrusion and tubing capabilities for medical device OEMs, adding GlobalMed’s Canadian and Chinese production footprint and management team to MDI’s global manufacturing platform. Financial terms were not disclosed.
-
- Buyer
- Exo
- Target
- Medo
- Industry
- Medical Devices
- Location
- Canada
- Type
- Buyout
Exo announced it is acquiring Medo, a Canadian developer of AI technology used for ultrasound imaging. By integrating Medo’s proprietary Sweep AI into Exo’s ultrasound platform, Exo aims to make ultrasound imaging faster and easier for a broader range of caregivers and accelerate adoption of point-of-care ultrasound.
-
June 14, 2022
- Buyer
- OrthoPediatrics Corp.
- Target
- Pega Medical
- Industry
- Medical Devices
- Location
- Quebec, Canada
- Type
- Buyout
OrthoPediatrics Corp. agreed to acquire Pega Medical for up to $33 million (approximately $31 million cash plus $2 million in stock) to expand its pediatric trauma and deformity product portfolio, including the Fassier‑Duval Telescopic IM System. The deal brings Pega Medical — a pediatric orthopedic implant developer based near Montreal, Canada — into OrthoPediatrics' global offering and will be financed in part by an expanded credit facility.
-
June 13, 2022
- Buyer
- Resonetics
- Target
- Agile MV
- Industry
- Medical Devices
- Location
- Quebec, Canada
- Type
- Addon
Resonetics has acquired Agile MV, a Montreal-based product development and turnkey device assembly company focused on electrophysiology and cardiology catheters. The acquisition expands Resonetics' product development and finished device assembly capabilities and will rebrand the combined Design & Development Services business as AGILE Product Development with locations in Boston, San Diego, and Montreal.
-
May 2, 2022
- Buyer
- Nicoya Lifesciences
- Target
- LSK Technologies
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Buyout
Nicoya Lifesciences has completed the acquisition of University of Toronto spinout LSK Technologies, integrating LSK's high-throughput lab-in-a-box molecular testing platform into Nicoya's digital proteomics and point-of-need testing portfolio. The LSK team will join Nicoya to accelerate product development and expand the combined platform's capabilities for rapid, laboratory-quality molecular and antigen testing.
-
October 7, 2021
- Buyer
- inTEST Corporation
- Target
- Z-Sciences Corp.
- Seller
- Z-Sciences Corp.
- Industry
- Medical Devices
- Location
- Quebec, Canada
- Type
- Buyout
inTEST Corporation acquired substantially all of the assets of Z-Sciences Corp., a Montreal-based developer of ultra-cold biomedical refrigerators and freezers, to enter the medical cold chain market. The Z-Sciences business and staff will be integrated into inTEST's Thermal segment to add ultra-cold storage capabilities and expand the company's presence in life sciences; terms were not disclosed.
-
October 6, 2021
- Buyer
- Boston Scientific Corporation
- Target
- Baylis Medical Company Inc.
- Industry
- Medical Devices
- Location
- Canada
- Type
- Buyout
Boston Scientific Corporation entered into a definitive agreement to acquire Baylis Medical Company Inc. for an upfront payment of $1.75 billion, subject to closing adjustments. The acquisition is expected to expand Boston Scientific’s electrophysiology and structural heart portfolios by adding the RF NRG and VersaCross transseptal platforms and related guidewires, sheaths, and dilators.
-
September 20, 2021
- Buyer
- KSL Biomedical, Inc.
- Target
- Pulse Scientific, Inc.
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Buyout
KSL Biomedical, Inc. has acquired Pulse Scientific, Inc., a Burlington (GTA), Ontario-based manufacturer and distributor of microbiology products and in vitro diagnostics, and incorporated KSL Biomedical Canada, Inc. The purchase expands KSL’s international distribution and regulatory footprint—leveraging Pulse Scientific’s ISO 13485 certification and Health Canada licensing to accelerate product distribution in Canada and other global markets.
-
September 9, 2021
- Buyer
- Canon Inc.
- Target
- Redlen Technologies Inc.
- Industry
- Medical Devices
- Location
- British Columbia, Canada
- Type
- Buyout
Canon Inc. agreed to acquire Redlen Technologies Inc., making the British Columbia–based developer of Cadmium Zinc Telluride (CZT) semiconductor detector modules a wholly owned subsidiary. Canon said the acquisition will accelerate development and mass production of next-generation photon-counting CT systems and expand Canon’s medical component business by supplying CZT detector modules to medical equipment manufacturers worldwide.
-
July 6, 2021
- Buyer
- Parata Systems, Frazier Healthcare Partners
- Target
- Synergy Medical
- Industry
- Medical Devices
- Location
- Quebec, Canada
- Type
- Addon
Parata Systems, a portfolio company of Frazier Healthcare Partners, has acquired Synergy Medical, a Longueuil, Quebec-based developer of pharmacy blister-card automation technologies. The deal expands Parata’s pharmacy automation capabilities—adding Synergy’s blister automation systems and roughly 150 employees—to broaden offerings for retail, hospital, long-term care and direct-to-home pharmacies.
-
- Buyer
- Flexpoint Ford
- Target
- Canadian Hospital Specialties Ltd.
- Seller
- Cortec Group (Cortec Fund V, L.P.)
- Industry
- Medical Devices
- Location
- Ontario, Canada
- Type
- Buyout
Flexpoint Ford has acquired Canadian Hospital Specialties Ltd. (CHS) from affiliates of Cortec Group (Cortec Fund V). CHS will remain headquartered in Oakville, Ontario, and continue to be led by CEO Mike Canzoneri and the existing management team as Flexpoint partners with management to support growth and expansion of the company's medical device manufacturing and distribution business.
-
February 1, 2021
- Buyer
- Cytiva
- Target
- Vanrx Pharmasystems
- Industry
- Medical Devices
- Location
- British Columbia, Canada
- Type
- Buyout
Cytiva has acquired Vanrx Pharmasystems, a Canadian maker of robotic aseptic filling machines, adding drug‑product filling capability to Cytiva’s bioprocessing portfolio. The deal brings Vanrx’s ~120 employees into Cytiva and expands Cytiva’s end‑to‑end “idea to injection” offering for biopharmaceutical manufacturers.
-
- Buyer
- Micron Waste Technologies Inc.
- Target
- Covid Technologies Inc.
- Seller
- Shareholders of Covid Technologies Inc.
- Industry
- Medical Devices
- Location
- British Columbia, Canada
- Type
- Buyout
Micron Waste Technologies Inc. entered into a definitive purchase agreement to acquire all of the shares of Covid Technologies Inc., a Canadian PPE and mask manufacturer. Covid's manufacturing assets and founder Harveer Sidhu will relocate to Micron's Delta, British Columbia facilities, with the PPE line expected to be self-financing while Micron continues R&D on its waste digesters.
-
January 9, 2020
- Buyer
- Medline, Medline Canada
- Target
- Médi-Sélect
- Industry
- Medical Devices
- Location
- Quebec, Canada
- Type
- Buyout
Medline (through Medline Canada) acquired Médi-Sélect, a Quebec City–based medical and dental supplies distributor, effective Jan. 9, 2020. The deal consolidates Medline's footprint in Quebec — together with prior acquisitions — and positions Medline Canada as the market leader in the province; Médi-Sélect will operate as an independent subsidiary with its existing leadership and staff retained.
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