Medical Devices Acquisitions in Texas

Zimmer Biomet Holdings, Inc. has completed the acquisition of Monogram Technologies Inc., an AI-driven orthopedic robotics company. The deal provides Zimmer Biomet with Monogram’s CT-based semi-autonomous and developing fully autonomous robotic technologies (Monogram’s mBôs TKA system) and was structured as a cash payment per share plus contingent value rights tied to future milestones.

Bioness Medical, a neuro-rehabilitation technology company based in Valencia, California, has acquired the assets and business of Austin, Texas–based Harmonic Bionics, a developer of a bilateral upper-extremity robotic exoskeleton. The acquisition expands Bioness's product portfolio into upper-extremity robotics and will complement its existing gait and balance systems once regulatory clearance for the Harmonic device is obtained.

Crown Aesthetics, a Crown Laboratories company, has acquired select assets and technology from Healeon LLC, a subsidiary of Bimini Health Tech, to strengthen its ProGen PRP Eclipse platelet-rich plasma (PRP) offering. The asset purchase expands Crown's PRP device portfolio, supports new product development, and aims to extend Crown's geographic and production capabilities in the regenerative and aesthetic medicine markets.

Nordson Corporation has entered into a definitive agreement to acquire Atrion Corporation for $460.00 per share in cash, representing an aggregate enterprise value of approximately $800 million. The acquisition expands Nordson's medical portfolio into infusion and cardiovascular therapies and is expected to close prior to Nordson's fiscal year-end 2024, subject to regulatory and stockholder approvals.

HealthpointCapital acquired a majority stake in SteriCUBE Holdings, Inc., the developer of the patented Multiple Tray Sterilization (MTS) System that eliminates disposable "blue wrap" used in surgical instrument tray sterilization. The investment will bring new leadership to SteriCUBE and aims to accelerate commercialization of the FDA-cleared system across hospitals and ambulatory surgical centers, driving cost, workflow and environmental benefits.

DirectMed Imaging has acquired Houston-based Titanium Medical Imaging to expand its aftermarket inventory and technical expertise in Canon/Toshiba imaging parts and systems. The deal broadens DirectMed's immediate access to mission-critical parts across all four major OEMs and expands its engineer training offerings to include Canon/Toshiba MRI and CT equipment.

TekniPlex Healthcare has signed a definitive agreement to acquire Seisa Medical, a full-service contract manufacturer of Class II and III medical devices headquartered in El Paso, Texas. The deal expands TekniPlex Healthcare’s materials science and process technology capabilities into the medical device CDMO segment, adding Seisa’s ~2,000 employees and facilities in the U.S., Mexico and Slovakia; the closing is subject to regulatory approval.

Crown Laboratories has acquired the global, aesthetics-focused assets of Eclipse Medcorp, LLC, expanding Crown's aesthetics product portfolio and integrating Eclipse's devices into its Aesthetics business unit. The deal aims to broaden Crown's product offerings to aesthetics providers domestically and internationally and preserve service and medical-education support for Eclipse customers under Crown.

Envista Holdings Corporation entered into a definitive agreement to acquire Osteogenics Biomedical, Allotech LLC and OBI Biologics (collectively “Osteogenics”), a developer of regenerative dental bone grafting products sold primarily under the Cytoplast brand. The deal, subject to customary regulatory approvals and expected to close in the third quarter, expands Envista’s capabilities in regenerative solutions for periodontists, oral and maxillofacial surgeons and implant dentistry; the transaction is not subject to a financing condition or shareholder vote.

Aatru Medical, a privately‑owned medical device company based in Cleveland, Ohio, has acquired Exothermix, a College Station, Texas inventor and manufacturer of patented oxygen scavengers and on‑demand self‑heating components. The Exothermix management team and staff will remain in place, and Aatru said the acquisition will strengthen its supply chain, accelerate product development, and support continued supply of the key component used in Aatru’s NPSIMS™ incision management system.

Infab, a portfolio company of private equity firm HKW, has acquired the glove division of International Biomedical, Ltd. as an add-on to expand Infab's radiation-protection product offering and customer base; financial terms were not disclosed. The acquisition brings a complementary radiation-protection glove product line into Infab's PPE portfolio to better serve hospitals and imaging/surgical customers.

Funds managed by Apollo Global Management have entered into a definitive agreement to acquire Global IID Holdco, LLC and its subsidiaries, including 1A Smart Start, LLC (Smart Start), the leading global provider of ignition interlock and alcohol monitoring solutions. Apollo's Impact platform will support Smart Start's efforts to deepen its market position across in-vehicle and portable alcohol monitoring offerings and scale the business; financial terms were not disclosed.

Great Point Partners completed a growth recapitalization of Houston-based Velentium, a professional engineering and contract medical device manufacturer. The investment will fund Velentium's expansion initiatives — including tuck-in acquisitions and enhanced engineering and manufacturing capabilities — while preserving the company's quality and culture.

Safeguard Medical, a Water Street Healthcare Partners portfolio company, has acquired PerSys Medical to expand its emergency medical product portfolio and global distribution. The deal adds PerSys’s bandages, tourniquets and an R&D center in Israel, broadening Safeguard’s capability in hemorrhage control and emergency response equipment.

National Imaging Solutions, a Houston-based medical imaging equipment supplier, has acquired DynaRad, a long-standing U.S. manufacturer of portable x‑ray systems. The deal expands National Imaging Solutions’ product portfolio—adding DynaRad’s lightweight, nanotube-based mobile x‑ray devices—and aims to improve service response and product availability for hospitals, long‑term care facilities and field imaging use cases.

Allergan Aesthetics, an AbbVie company, agreed to acquire Soliton, Inc. and its RESONIC™ Rapid Acoustic Pulse device for $22.60 per share, valuing the company at approximately $550 million. The acquisition adds a non‑invasive cellulite and tattoo‑removal technology to Allergan Aesthetics' body contouring portfolio and is subject to customary closing conditions, including HSR clearance and Soliton shareholder approval.

Source Capital, through its Source Capital Credit Opportunities Fund III (SCCO III), provided debt financing to recapitalize and supply growth funding for CTL Amedica, a designer, manufacturer and distributor of spinal fusion and fixation products. The financing will support CTL Amedica's product-portfolio expansion—including its silicon nitride spinal implants—and ongoing commercialization to surgeons and healthcare providers across the U.S.

DJO, LLC, a subsidiary of Colfax Corporation, has acquired Trilliant Surgical, a national provider of foot and ankle orthopedic implants and the maker of the Arsenal Foot Plating System. The acquisition expands DJO's reconstructive/foot & ankle product portfolio and capabilities as the company targets growth in the high-growth U.S. foot and ankle market.

Audax Private Equity and Linden Capital Partners have acquired StatLab Medical Products, a McKinney, Texas-based manufacturer and distributor of histology, cytology and immunohistochemistry consumables, reagents, and equipment. The deal — a purchase from Cressey & Company LP — positions StatLab for accelerated organic growth and buy-and-build activity to expand its product suite and customer base.

TTG Imaging Solutions, LLC announced the acquisition of Southwestern Imaging Systems & Service (SWISS), including its California operations, expanding TTG's national footprint in diagnostic imaging equipment sales, parts and field service. The deal broadens TTG's service engineer base and capabilities, reinforcing its position as a large independent full-service diagnostic imaging equipment company in the United States.

Havencrest Capital Management, a Dallas-based healthcare private equity firm, has completed the acquisition of ThermoTek, Inc., a Flower Mound, Texas-based designer and manufacturer of temperature management devices for medical and industrial end markets. Havencrest plans to support ThermoTek's growth by expanding its product portfolio, entering adjacent markets and pursuing complementary acquisitions, with Oxford Finance providing debt financing.

Hologic, Inc. has acquired Acessa Health Inc., a privately held maker of the Acessa ProVu minimally invasive system for treating uterine fibroids, for approximately $80 million in cash plus contingent payments. The tuck-in purchase expands Hologic's GYN surgical portfolio and leverages Hologic's commercial infrastructure to accelerate adoption of Acessa's technology.

National Imaging Solutions, a Houston-based medical imaging services provider, has acquired Decker X-Ray, a Houston x‑ray system sales and service company founded in 1981. The acquisition will expand National Imaging Solutions' field service capabilities across Texas, reduce customer response times, and incorporate Decker X‑Ray's nearly four decades of x‑ray experience into its team.

Guardian Capital Partners’ portfolio company Tactical Medical Solutions (TacMed) completed an add-on acquisition of TraumaFX Solutions, a developer and manufacturer of high-fidelity human and K-9 medical simulators, on June 7, 2019. The acquisition expands TacMed’s training and simulation capabilities for first responders, emergency medical professionals, and military customers worldwide.

3M has completed the acquisition of Acelity and its KCI subsidiaries from funds advised by Apax Partners and consortium partners Canada Pension Plan Investment Board and the Public Sector Pension Investment Board for $6.725 billion. The transaction transfers Acelity — a global leader in advanced wound care and negative pressure wound therapy headquartered in San Antonio — to 3M, expanding 3M’s medical products capabilities.

UL (Underwriters Laboratories) has acquired Emergo, an Austin-based regulatory services firm for medical device manufacturers, expanding UL's health sciences regulatory and market access capabilities. Emergo's headquarters and more than 200 employees will be retained as UL integrates Emergo's device registration expertise to accelerate global market access for customers.

Tillery Capital, a family‑office structured private investment firm, completed a recapitalization of Electromedical Products International, Inc. (EPI), the maker of the Alpha‑Stim medical device, with the transaction closing June 30, 2016. EPI, headquartered in Mineral Wells, Texas, manufactures and sells the Alpha‑Stim device worldwide through independent representatives and distributors and markets to the U.S. Department of Defense and Veterans Affairs.