Medical Devices Acquisitions in Connecticut

Abyrx, Inc. and Kairuku, Inc. completed a combined $450 million management-led buyout and capital raise to form MedEdge Holdings LLC. The new holding company will integrate Abyrx's biosurgical product portfolio with Kairuku's SaaS commercial operations platform and deploy capital to acquire 10–15 commercial-stage surgical product companies to accelerate growth and streamline product delivery to operating rooms.

Ultrahuman has acquired viO HealthTech and launched Cycle & Ovulation Pro for its Ultrahuman Ring AIR, integrating viO's clinically validated OvuSense ovulation-tracking algorithm into the ring using finger-based temperature sensing. viO's technology — developed over 15 years with FDA 510(k) clearance and CE Class IIa certifications — will be offered as a paid subscription across the US, UK, EU, Canada and Australia. The deal brings clinical-grade women's health capability to Ultrahuman's consumer wearable platform to improve cycle and ovulation insights.

GEON Performance Solutions, a portfolio company of SK Capital Partners, acquired Foster Corporation, a compounder of biomedical polymers used in the medical device and healthcare markets. The acquisition expands GEON’s medical polymer portfolio and manufacturing capacity—Foster is headquartered in Putnam, Connecticut, operates three U.S. manufacturing sites and two distribution centers, and employs approximately 200 people.

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.

Vantedge Medical, a portfolio company of Aterian Investment Partners, has acquired Hobson & Motzer, a Durham, Connecticut-based manufacturer of precision consumable medical devices. The add-on acquisition expands Vantedge's consumables manufacturing capabilities, particularly in progressive stamping, precision electrochemical machining and surgical stapler components, and broadens its customer base and geographic footprint.

Hudson Robotics and Art Robbins Instruments, an Argosy Healthcare Partners portfolio company, has acquired Tomtec Inc., a Hamden, Connecticut-based maker of automated liquid handling instruments for mass spectrometry sample preparation. The deal expands Hudson's liquid handling and sample-preparation capabilities—adding Tomtec's Quadra/Harvester products and opening new bioanalytics and mass-spectrometry workflows to Hudson's integrated automation solutions.

Cadence, Inc., a contract manufacturer of medical and drug delivery devices, has acquired Utitec, Inc., a Watertown, Connecticut-based maker of miniature deep-drawn metal components with an additional facility in Alajuela, Costa Rica. The acquisition expands Cadence's deep-draw capabilities and cleanroom assembly capacity to support medical device and drug-delivery customers and accelerate product transfers and growth.

CONMED Corporation has completed the acquisition of Biorez, Inc., a New Haven, Connecticut-based medical device start-up that developed the BioBrace bioinductive scaffold for soft-tissue reinforcement and healing. The acquisition, financed through CONMED's existing credit facility, adds the BioBrace implant technology to CONMED's surgical product portfolio to expand its capabilities in soft-tissue repair.

Essity has acquired US-based advanced wound care company Hydrofera for USD 116 million, with a potential additional earnout of up to USD 15 million. Hydrofera, headquartered in Manchester, Connecticut with about 90 employees, brings Hydrofera Blue antibacterial wound dressings and distribution relationships across hospitals, clinics and long-term care—supporting Essity's Medical Solutions capability expansion.

ARCH Medical Solutions Corp. has acquired Tier ONE, LLC, a Newtown, Connecticut-based contract manufacturer of high-precision assemblies serving life science research, medical diagnostic and laboratory equipment markets. The acquisition adds milling, mill‑turn, Swiss machining and other capabilities and capacity to ARCH’s network of production facilities, enhancing its medical device contract manufacturing offerings and supporting growth for customers and employees.

Teleflex Incorporated acquired Z-Medica, LLC — a Wallingford, Connecticut-based manufacturer of QuikClot hemostatic products — from private equity owners Linden Capital Partners and DW Healthcare Partners. The deal, first announced in October 2020 and reported closed in December 2020, expands Teleflex’s trauma and emergency medicine product portfolio and represents an exit for Linden and DWHP.

Carolina Precision Technologies (a portfolio company of Linx Partners) has acquired Renchel Tool Inc., a Putnam, Connecticut-based precision contract manufacturer specializing in complex orthopedic instruments and implants as well as aerospace and petrochemical components. The deal, supported by senior financing from Fifth Third Bank, is an add-on to expand CPT’s manufacturing capabilities, capacity, and customer base.