Medical Devices Acquisitions in Michigan

Natus Sensory has acquired TheraB Medical, a developer of the SnugLit wearable phototherapy swaddle for neonatal jaundice, following the product's FDA 510(k) clearance in January 2026. The acquisition expands Natus Sensory's newborn care portfolio by adding a portable, family-centered phototherapy option intended to broaden treatment settings and global access.

AirStrip has acquired Fifth Eye, the developer of the FDA-cleared AHI System, integrating near real-time predictive hemodynamic instability monitoring into AirStrip ONE. The deal strengthens AirStrip's clinical surveillance and decision-support capabilities, enabling earlier intervention and improved patient safety across hospitals and health systems.

Viscogliosi Brothers, a New York–based family office, completed the acquisition of Stryker's U.S. spine business and will operate it as VB Spine, LLC. Financial partners Barings and Texas Capital Bank supported the transaction; VB Spine aims to grow the business, expand globally and retain access to Stryker technologies such as Mako Spine and Copilot.

Waud Capital Partners has acquired Mopec Group, a Madison Heights, Michigan-based manufacturer and supplier of anatomic and forensic pathology equipment, consumables, and services, from Blackford Capital. The transaction will position Mopec to pursue accelerated growth and capability expansion as part of Waud’s Medical Device & Supply Services campaign; financial terms were not disclosed.

Getinge (Gothenburg, Sweden) has acquired 100% of Healthmark Industries Co. Inc. (Fraser, Michigan, USA) for approximately USD 320 million, a deal that closed following the HSR waiting period. Healthmark, a maker of instrument-care and infection-control consumables with ~400 employees and expected FY2023 net sales of about USD 126 million, will complement Getinge’s sterile reprocessing equipment, consumables and software and accelerate Healthmark’s international expansion.

Eypex Corporation has acquired all assets and IP of JustLight, including the Sunflower Smart Light Therapy lamp and related Smart Light Therapy and UV germicidal disinfection technologies. JustLight will be reorganized to operate independently under Eypex as the company expands from automotive lighting into consumer health and wellness products, with additional product commercialization planned over the next 18 months.

Fox Hill Capital, an acquisition vehicle formed by Ryder Stagg, has purchased RG Enterprises (USA), Inc. (doing business as RG Medical Diagnostics), a Michigan-based distributor of temperature-management medical devices and other healthcare products. The acquisition was executed as majority owner Ron LeTourneau exited into retirement; terms were not disclosed and Calder Capital acted as advisor to the sellers.

Onkos Surgical entered into a definitive agreement to acquire the Juvenile Tumour System (JTS) extendible prosthesis from Stryker. The device enables non‑invasive implant lengthening for pediatric bone cancer and limb reconstruction cases, and the acquisition expands Onkos's musculoskeletal oncology product portfolio and clinical capabilities.

GTCR-backed Corza Medical has acquired Barron Precision Instruments (BPI), a founder-owned manufacturer of disposable ophthalmic surgery devices based in Grand Blanc, Michigan. The add-on expands Corza's ophthalmology portfolio and manufacturing footprint, supporting its Corza Ophthalmology business unit and GTCR's continued buildout of the platform.

Protective Industries, a Berwind operating company, has acquired Medbio LLC from Graham Partners. Medbio, headquartered in Grand Rapids, Michigan, is a clean-room contract manufacturer specializing in injection molding and assemblies for medical device, life sciences and biotech customers; the acquisition expands Protective Industries' medical device manufacturing capabilities while representing a portfolio exit for Graham Partners.

ADDvise Group AB has acquired all outstanding shares of Graham Medical Technologies, LLC (GraMedica) in a deal that closed on September 15, 2021. The purchase price is approximately USD 5.8 million (USD 4.0 million initial payment plus up to USD 1.8 million in earn-outs); GraMedica reported 2020 revenue of about USD 3.35 million and adjusted EBITDA of approximately USD 0.85 million. The acquisition is intended to broaden ADDvise's medical equipment and consumables portfolio and expand its geographic reach.

Auxo Investment Partners has acquired Altus Industries Inc., a Grand Rapids-based designer and manufacturer of medical point-of-care workstations. Spectrum Health Ventures, a major Altus customer, is joining the transaction as a strategic partner as the deal forms part of the co-founders' succession plan.

JZ Capital Partners Limited announced completion of the sale of its interest in Salter Labs, receiving net proceeds of approximately US$41.0 million (with a further approximately US$0.75 million placed in escrow subject to adjustments). The proceeds are intended primarily to repay around US$33.0 million to the Company's senior lenders, with the remainder applied in accordance with JZCP's investment policy and for general corporate purposes.

Cancer Diagnostics, Inc. (CDI), a Durham, North Carolina-based anatomic pathology products manufacturer, has acquired Anatech Ltd., a Battle Creek, Michigan-based supplier and manufacturer of anatomical pathology products. The acquisition expands CDI’s manufacturing capabilities, product offerings and control over production while Anatech will continue operating from its existing Battle Creek facility.

Bingham Farms-based SpinTech, Inc. (doing business as SpinTech Imaging / SpinTech MRI) has acquired Detroit-based Magnetic Resonance Innovations, Inc. (MR Innovations). The deal brings MR Innovations' patents, published research, and technical team to SpinTech to accelerate product development, broaden imaging protocols and expand SpinTech's MRI software and hardware capabilities.

HORIBA, Ltd. (through HORIBA Instruments) acquired MedTest Holdings, Inc., including subsidiaries MedTest Dx, Pointe Scientific, Clinitox Diagnostix and Medical Laboratory Solutions, to expand HORIBA Medical's clinical chemistry and IVD reagent and instrument capabilities. The deal combines HORIBA Medical's Yumizen brand and distribution with MedTest/Pointe Scientific's R&D, manufacturing and regulatory (FDA 510(k)/CLIA) expertise to address multidisciplinary in‑vitro diagnostics (IVD) customer requirements.

Audax Private Equity has entered into a definitive agreement to acquire Aspen Surgical, a Hillrom business unit that manufactures branded and private-label single-use surgical consumables. Aspen Surgical is headquartered in Caledonia, Michigan with operations in Caledonia and Las Piedras, Puerto Rico, and employs approximately 500 people; the transaction is a divestiture of the surgical consumables business from Hillrom to Audax.

Medbio, a Graham Partners-backed contract manufacturer headquartered in Grand Rapids, Michigan, has acquired AIM Plastics, a founder-owned injection-molding manufacturer based near Detroit. The add-on strengthens Medbio's manufacturing capacity, tooling capabilities and customer/end-market diversification as part of Graham Partners' strategy to build a premier medical device manufacturing platform.