Tracked deals
17
17 tracked deals across 2019-2026.
Medical Devices Buyers & Acquisitions in Tennessee
Buyer mix
Mixed buyer set
14 strategic · 9 pe
Top trend
Volume peaked in 2022
5 tracked deals announced in 2022.
Primary Insight
What Stands Out
- Private equity–backed and strategic buyers frequently add niche capabilities to existing medical device or healthcare services platforms.
- Deal themes in Tennessee commonly emphasize manufacturing footprint, integration of technical teams, and expanded service/training.
- Orthopedics and procedural solutions appear repeatedly: spine implants (ChoiceSpine), extremity implants/instruments (CrossRoads Extremity Systems), and surgical instruments/electrosurgery (Symmetry Surgical).
- Imaging and workflow platforms show up as platform plays: DirectMed Imaging (via Tri-Imaging Solutions) and Ergotron (via nurse-ready workspace technology from Enovate Medical).
- Funding and exit advisers appear in select transactions (e.g., pH Partners advised Lynch Biologics).
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| ASP Global | 1 | Privately held sourcing partner and distributor that deve... | Strategic |
| Arcline Investment Management | 1 | Growth-oriented private equity firm investing in technolo... | PE |
| Arlington Capital Partners | 1 | Private investment firm focused on government‑regulated i... | PE |
| Aspen Surgical Products, Inc. | 1 | Manufacturer of surgical disposables and related products... | Strategic (PE-backed) |
| Audax Private Equity | 1 | Alternative investment manager focused on middle-market b... | PE |
| CONMED Corporation | 1 | Medical technology company providing surgical devices and... | Strategic |
| Convatec Group Plc | 1 | Global medical products and technologies company focused ... | Strategic |
| DePuy Synthes | 1 | Johnson & Johnson's orthopedics/medical devices business ... | Strategic |
| DirectMed Imaging | 1 | Provider of aftermarket diagnostic imaging parts, systems... | Strategic (PE-backed) |
| EQT Group | 1 | Global private equity firm with sector-focused investment... | PE |
Acquisition Volume in Medical Devices in Tennessee by Year
Last 6 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
February 26, 2026
- Buyer
- Zavation Medical Products, LLC, Zavation Medical Products, LLC
- Target
- Choice Spine Holdings, Inc. (ChoiceSpine)
- Seller
- Altus Capital Partners (sale holder; per Altus announcement)
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Addon
Zavation Medical Products, a portfolio company of Gemspring Capital, acquired ChoiceSpine Holdings, a Knoxville, Tennessee designer and manufacturer of spinal implant systems. ChoiceSpine will maintain its brand and operations as the companies work toward a unified organization; terms were not disclosed.
-
January 6, 2026
- Buyer
- DirectMed Imaging, Frazier Healthcare Partners
- Target
- Tri-Imaging Solutions
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Addon
DirectMed Imaging, a portfolio company of Frazier Healthcare Partners, has acquired Tri-Imaging Solutions and will combine the two businesses under the Tri-Imaging name. The transaction creates a scaled imaging solutions platform that expands parts inventory, service capabilities, and technical training for healthcare networks, independent service organizations, and equipment manufacturers.
-
January 30, 2025
- Buyer
- Medical Manufacturing Technologies (MMT), Arcline Investment Management
- Target
- GenX Medical
- Seller
- Tyler Ware (President and Owner, GenX Medical)
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Addon
Medical Manufacturing Technologies (MMT), a portfolio company of Arcline Investment Management, has acquired GenX Medical, a U.S.-based supplier of micro-bore tubing, bioresorbable extrusions and custom medical extrusions. The add-on strengthens MMT's extrusion and specialty manufacturing capabilities, integrates GenX's team into MMT's technical leadership, and expands MMT's end-to-end medical device manufacturing offering.
-
November 26, 2024
- Buyer
- Arlington Capital Partners
- Target
- TEAM Technologies
- Seller
- Clearlake Capital Group
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Buyout
Arlington Capital Partners has acquired TEAM Technologies, a Morristown, Tennessee–headquartered medical device manufacturer and strategic supply‑chain solutions provider, from Clearlake Capital Group for an undisclosed sum. Arlington plans to build on TEAM Tech’s vertically integrated manufacturing footprint and accelerate growth through organic investment and strategic add‑on M&A to strengthen healthcare supply chains and customer capabilities.
-
February 22, 2024
- Buyer
- Hanger, Inc.
- Target
- Fillauer
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Buyout
Hanger, Inc. completed its acquisition of Fillauer, a global orthotic and prosthetic (O&P) manufacturing and innovation leader, adding Fillauer’s U.S. fabrication and European operations to Hanger’s Products & Services segment. The deal brings Fillauer’s manufacturing, R&D and product lines into Hanger’s broader O&P ecosystem to expand capabilities and support outcomes-based clinical research and patient care.
-
October 30, 2023
- Buyer
- Ergotron, Inc.
- Target
- Enovate Medical
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Buyout
Ergotron, a global provider of ergonomic workflow solutions, has acquired Enovate Medical, a manufacturer of nurse-ready workstations and related services. The purchase expands Ergotron’s healthcare capabilities by adding Enovate’s hardware, mobile power systems and cloud-based workstation management software to its product and service portfolio; terms were not disclosed.
-
June 29, 2023
- Buyer
- ASP Global
- Target
- MediCore Medical Supply
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Buyout
ASP Global has acquired Nashville-based MediCore Medical Supply, a manufacturer and distributor of blood collection products marketed under the ReadyLance brand. The acquisition adds ReadyLance safety lancets and heel devices to ASP Global's lab and diagnostic portfolio and brings MediCore founder Josh Pittman into ASP Global as VP of Business Development.
-
March 31, 2023
- Buyer
- Safe Life AB
- Target
- Coro Medical, AED.us
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Buyout
Stockholm-based Safe Life has acquired U.S. distributor Coro Medical (including AED.us), expanding its portfolio of AED sales, service and training businesses into the United States. The transaction strengthens Safe Life’s international reach and supports its goal of becoming a leading AED provider across Europe and North America.
-
October 27, 2022
- Buyer
- Aspen Surgical Products, Inc., Audax Private Equity
- Target
- Symmetry Surgical
- Seller
- RoundTable Healthcare Partners
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Addon
Aspen Surgical Products, a portfolio company of Audax Private Equity, has acquired Symmetry Surgical from RoundTable Healthcare Partners. The add-on acquisition (terms not disclosed) expands Aspen's portfolio with Symmetry's surgical instrument, electrosurgery and minimally invasive device brands and adds direct-sales capabilities across acute and non-acute care settings.
-
October 27, 2022
- Buyer
- Geistlich Pharma North America, Inc., Geistlich Pharma AG
- Target
- Lynch Biologics, LLC
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Buyout
Geistlich Pharma North America, Inc. has acquired Lynch Biologics, LLC, the developer and sole provider of GEM 21S, to strengthen Geistlich's regenerative dentistry product portfolio and expand capabilities in oral regenerative surgery. Dr. Sam Lynch will continue to support customers and training efforts following the integration; pH Partners served as exclusive financial advisor to Lynch Biologics.
-
June 13, 2022
- Buyer
- CONMED Corporation
- Target
- In2Bones Global, Inc.
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Buyout
CONMED Corporation (NYSE: CNMD) entered into a definitive agreement to acquire privately-held In2Bones Global, Inc. for $145 million in cash consideration at closing, plus up to $110 million in growth-based earnout payments over four years. The company later announced the acquisition was completed.
-
February 10, 2022
- Buyer
- DePuy Synthes (Johnson & Johnson)
- Target
- CrossRoads Extremity Systems
- Seller
- HealthpointCapital Management LLC, MB Venture Partners
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Buyout
DePuy Synthes, the orthopaedics business of Johnson & Johnson, has acquired CrossRoads Extremity Systems, a Memphis-based designer and manufacturer of procedure-specific implants and instruments for foot and ankle surgery. The seller was HealthpointCapital (with long-time investor MB Venture Partners involved); HealthpointCapital had acquired a majority stake in CrossRoads in May 2019 and executed product and commercial expansion before the sale.
-
January 28, 2022
- Buyer
- Convatec Group Plc
- Target
- Triad Life Sciences Inc
- Seller
- Triad Life Sciences, Inc.
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Buyout
Convatec Group Plc has signed a definitive agreement to acquire Triad Life Sciences Inc, a Memphis-based developer and manufacturer of porcine placenta‑derived extracellular matrix products for advanced wound care. The deal, expected to close in Q1 2022 subject to regulatory approvals, values Triad at an initial $125 million with up to $275 million additional contingent/earnout payments tied to milestones and performance.
-
December 18, 2019
- Buyer
- IZI Medical Products, LLC, Shore Capital Partners, LLC
- Target
- RadioMed Corporation
- Seller
- IBA S.A.
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Addon
IZI Medical Products, LLC, a Shore Capital Partners-backed interventional radiology device platform, acquired RadioMed Corporation and its VISICOIL fiducial marker product family from IBA S.A. The purchase is an add-on to IZI’s portfolio—its fourth add-on in 24 months—and is intended to expand IZI’s imaging marker and interventional oncology offerings through RadioMed’s distribution channels and IZI’s direct sales force.
-
- Buyer
- HealthpointCapital
- Target
- CrossRoads Extremity Systems
- Seller
- MB Venture Partners
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Buyout
HealthpointCapital has acquired a controlling (majority) stake in CrossRoads Extremity Systems, a Memphis-based developer and manufacturer of foot & ankle implants, procedure-specific sterile-packed instrumentation, and the EcoSMART instrument recovery service. HealthpointCapital will partner with CrossRoads' co-founders and management, providing additional equity to fund organic growth, expand the company's portfolio and market presence, and pursue bolt-on acquisitions.
-
February 5, 2019
- Buyer
- LimaCorporate, EQT Group
- Target
- TechMah Medical LLC
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Addon
LimaCorporate, an EQT portfolio company and global orthopaedics leader, acquired TechMah Medical LLC to expand its digital orthopaedics capabilities. The acquisition (announced as milestone-based) brings TechMah’s bio-wireless electronics, biomechanics and reconstructive software into Lima’s offering to accelerate in-hospital additive manufacturing and digital care solutions in orthopaedics.
-
January 31, 2019
- Buyer
- Harvey & Company
- Target
- Engineered Medical Systems
- Industry
- Medical Devices
- Location
- Tennessee, United States
- Type
- Buyout
Harvey & Company, a private investment firm, has initiated a new platform investment in Engineered Medical Systems (EMS), a Memphis-area contract manufacturer of machined metal instruments and implants for spinal and orthopedic surgery. The investment will support EMS's organic growth, operational improvements and enable the pursuit of complementary add-on acquisitions.
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Frequently Asked Questions
Which kinds of medical device subsectors are represented in Tennessee deals?
The page highlights acquisitions spanning spine and orthopedics implants, O&P manufacturing, imaging solutions, surgical instruments/electrosurgery, regenerative dentistry products, and lab/diagnostic supplies (including blood collection and AED-related offerings).
Are these acquisitions mostly buy-and-hold platforms or tuck-ins?
Many deals are described as add-ons that expand an existing platform’s manufacturing, services, parts inventory, or technical training—such as combining imaging businesses under a single name or strengthening extrusion and specialty manufacturing capabilities.
Do any deals keep the acquired brand or operations intact?
Yes. In the Gemspring-backed Zavation Medical Products acquisition of ChoiceSpine, ChoiceSpine will maintain its brand and operations while the companies work toward a unified organization.
Do deal terms are disclosed in every transaction?
No. Several transactions state that terms were not disclosed, while a smaller subset includes specific financial details (for example, CONMED’s acquisition of In2Bones Global included cash consideration and growth-based earnout payments).
Related Acquisition Pages
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Private Equity-Backed Medical Devices Buyers
Medical Devices Acquisitions in 2026
Medical Devices Acquisitions in 2025
Medical Devices Acquisitions in 2024
Medical Devices Acquisitions in 2023
Medical Devices Acquisitions in 2022
Medical Devices Acquisitions in 2019
Acquisitions in Tennessee
Private Equity-Backed Acquisitions in Tennessee
Acquisitions in Tennessee in 2026