Medical Devices Acquisitions in Arizona

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.

Bruker Corporation has acquired Spectral Instruments Imaging LLC, a Tucson-based maker of preclinical in‑vivo optical imaging systems, to broaden Bruker BioSpin's preclinical imaging portfolio. Financial terms were not disclosed; SII generated over $10 million in revenue in 2023 and will expand Bruker's capabilities in bioluminescence, fluorescence and X‑ray preclinical imaging.

Advancing Eyecare (AEC), a PE-backed eyecare instrumentation platform, has acquired Veatch Ophthalmic Instruments, a Tempe, Arizona-based distributor of ophthalmic equipment. Financial terms were not disclosed; the deal expands AEC's national footprint and product/service offerings to independent eye care practitioners, national chains, hospitals and teaching institutions.

WillowWood Global LLC, a designer and manufacturer of prosthetic products and a Blue Sea Capital-backed platform, has acquired MAKstride Prosthetics, a Mesa, Arizona-based designer and manufacturer of prosthetic feet, foot shells, and precision-machined components. The deal expands WillowWood's R&D and precision-manufacturing capabilities and represents the platform's first strategic acquisition since partnering with private equity firm Blue Sea Capital in December 2021.

Christie Innomed, a leading Canadian medical imaging and health‑IT provider, has acquired Arizona‑based Comp‑Ray Inc., a multi‑vendor medical imaging equipment sales and service company. The deal is Christie Innomed’s first expansion into the United States and is intended to broaden its Multi‑Vendor Solutions and Services (MVS) footprint across the southwestern U.S.

TPG Capital has made a majority investment in Confluent Medical Technologies, a materials-science-led developer and manufacturer of complex implantable medical devices and delivery systems. Existing investor Ampersand Capital Partners retains a substantial minority stake; the investment will provide capital and expertise to expand Confluent's manufacturing capabilities and support growth into new technical areas and end markets.

Los Angeles-based private equity firm Vance Street Capital has acquired Plastic Design Corporation (PDC), a Scottsdale, Arizona-based contract manufacturer of micro-molded plastic components for the MedTech and life sciences markets. Founder Mark Kinder will resume as President, and Vance Street intends to leverage PDC's micro-molding and over-molding capabilities to expand its medtech manufacturing platform and serve medical device OEMs and microfluidics customers.

NeoLight LLC, an Arizona State University spinout and Scottsdale-based newborn medical device company, has acquired Phoenix Technology Group LLC (PTG), a provider of ophthalmic imaging devices and a telemedicine platform for retinopathy of prematurity (ROP) screening. The deal expands NeoLight’s product portfolio to include the Phoenix ICON camera systems and the Phoenix CONNECT telemedicine platform and aims to leverage PTG’s global distribution to accelerate adoption of NeoLight’s Skylife neonatal phototherapy products.

Picard Medical, a portfolio company of Hunniwell Lake Ventures, has acquired SynCardia Systems, the global leader in total artificial heart (TAH) technology. The deal brings SynCardia into Picard’s medical-device platform to accelerate product improvements, manufacturing capabilities, clinical support and pursuit of expanded regulatory approvals.

Caresfield, LLC has acquired Chase Dental Supply, a US-based dental consumables distributor founded in 2007. The acquisition expands Caresfield's footprint into the dental vertical and will integrate Caresfield's consumable products (such as nitrile gloves) into Chase Dental Supply's online sales channel to better serve dental practices and laboratories.

Incline Equity Partners and its portfolio company Orthotic Holdings (OHI) acquired Arizona AFO, a Mesa, Arizona manufacturer of custom leather ankle-foot orthoses (AFOs). The deal is the third add-on to the OHI platform and expands OHI's west coast manufacturing capabilities and access to the orthotist & prosthetist (O&P) channel across North America.