Medical Devices Acquisitions in Indiana

3 Boomerang Capital has made a strategic growth investment in Bio-Response Solutions to provide capital and resources to accelerate the company’s expansion in regulated biomedical waste management. The investment will support scaling operations and expanding Bio-Response’s Aquamation and scientific sterilization equipment into funeral homes, veterinary clinics, and high-containment laboratory end markets.

Medtronic plc acquired certain nano surface technology assets and related IP rights from Columbia City, Indiana-based Nanovis to support development of next-generation PEEK interbody fusion devices. Financial terms were not disclosed; the deal transfers Nanovis’ bone-growth nanotechnology (including rights related to Sites Medical’s OsteoSync titanium pads) to Medtronic for integration into its spinal implant portfolio.

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.

Shore Capital Partners has partnered with C2Dx to acquire the Otolaryngology/Head and Neck Surgery (OHNS) product family from Cook Medical. The add-on expands C2Dx’s ENT and soft-tissue medical device portfolio and leverages C2Dx’s sales organization and distributor network to increase domestic and international market penetration.

RTI Surgical, backed by private equity firm Montagu, has agreed to acquire Cook Biotech Incorporated, a West Lafayette, Indiana–based leader in regenerative biomaterials, from Cook Group. The add-on will expand RTI's CDMO capabilities in xenograft and naturally derived bioresorbable materials, reinforcing its presence in soft-tissue clinical segments and enabling broader end-to-end services for customers.

RoundTable Healthcare Partners has made a strategic equity investment in EHOB, a family-owned manufacturer of pressure injury prevention and safe patient handling products. The partnership will support EHOB's next phase of growth and market-share expansion; terms were not disclosed.

AMETEK, Inc. has agreed to acquire Paragon Medical, a Pierceton, Indiana-based contract manufacturer of medical components and instruments, from private equity firm American Securities in an all-cash transaction valued at approximately $1.9 billion. The deal advances AMETEK’s capabilities and footprint in medical device manufacturing and is subject to customary closing conditions and regulatory approvals.

Trane Technologies has acquired Helmer Scientific, a Noblesville, Indiana-based maker of precision temperature‑controlled storage and processing solutions for hospitals, labs, blood banks and pharmacies. The deal adds Helmer's medical and laboratory refrigeration capabilities to Trane's life science solutions portfolio and supports expansion into clinical health and life sciences markets.

Vonco Products LLC has acquired Genesis Plastics Welding, an ISO 13485-certified Indiana-based contract manufacturer specializing in RF welding and heat-sealing of thermoplastic medical components. The acquisition expands Vonco’s clean-room manufacturing footprint and capabilities in single-use fluid bags, flexible packaging and other specialty medical device components as part of its broader growth strategy.

ARCH Medical Solutions has acquired Nicholas Precision Works, a North Manchester, Indiana-based contract manufacturer specializing in precision grinding for surgical cutting tools and precision ground instruments. The acquisition will combine NPW with ARCH's OrthoGrind facility to form a new ARCH Medical Grinding business unit, expanding ARCH's precision grinding capabilities for medical OEMs.

ARCH Medical Solutions, a Jordan Company platform, has acquired Alpha Manufacturing & Design of Warsaw, Indiana. The acquisition adds ISO 13485-certified contract manufacturing capabilities for complex surgical devices (spine, trauma, large joint and dental) to ARCH’s precision medical-device manufacturing platform, strengthening its orthopedics and surgical instruments offering and geographically co-locating capacity with OEM customers.

Precision Edge Surgical Products Company has completed an asset acquisition of Angola, Indiana-based Eva-Lution to expand its orthopedic and medical instrument manufacturing capacity. The acquisition adds Eva-Lution's more than 60,000-square-foot facility and manufacturing equipment to Precision Edge's operations and is intended to accelerate implant manufacturing capabilities and better serve orthopedic OEM customers in Northeast Indiana.

Lincotek has acquired a majority stake in Danco Medical from Danco Anodizing, adding the ISO-13485 certified Warsaw, Indiana facility and about 150 employees to its Medical Division. The deal expands Lincotek's surface preparation and finishing capabilities for orthopedic device OEMs and increases its U.S. manufacturing footprint.

O2 Investment Partners has partnered with Modular Devices, Inc., a provider of mobile modular medical imaging labs and cleanroom solutions, to support the company's growth and M&A strategy; terms were not disclosed. Maranon Capital provided financial support for the transaction; Modular Devices will serve as a platform investment for O2's Fund III to expand product and service offerings across healthcare, pharmaceutical, and biotechnology markets.

Gener8 LLC, a portfolio company of Sverica Capital Management, has completed the acquisition of The RND Group, an Indianapolis-based provider of software development for medical device and life sciences products. The acquisition adds full-lifecycle regulated software capabilities — including cloud solutions, verification & validation, quality system compliance, and LIS/EHR integration — to Gener8's existing instrument, consumable and firmware offerings to extend services off-instrument and accelerate customer development timelines.

Medtronic plc acquired SonarMed, a Purdue‑bred developer of the SonarMed airway monitoring system, in December 2020. The acquisition adds continuous acoustic airway monitoring technology for neonatal and pediatric ventilation to Medtronic's respiratory/medical surgical portfolio to help detect endotracheal tube obstruction and position in real time.

Varsity Healthcare Partners completed a joint recapitalization and growth capital partnership with Probo Medical, a vertically-integrated reseller of refurbished ultrasound systems and probes. Probo's founder and CEO David Trogden will remain in place as the company partners with VHP to accelerate growth through strategic acquisitions and expanded global procurement and sales capabilities.

Patricia Industries, a division of Investor AB, agreed to acquire The Braun Corporation (doing business as BraunAbility), the U.S. market leader in wheelchair-accessible vehicles and wheelchair lifts. The deal, announced September 23, 2015, positions BraunAbility as a wholly-owned subsidiary of Patricia Industries to accelerate product innovation and global expansion; financial terms were not disclosed.