Private Equity-Backed Medical Devices Acquisitions

Quantum Surgical has acquired NeuWave Medical and combined both businesses under a newly created parent, Precision IO Group Inc., to expand a robotic-assisted tumor ablation platform. The deal is supported by investment from Ally Bridge Group and aims to integrate Quantum Surgical's Epione robotic system with NeuWave's microwave ablation technology to broaden access to minimally invasive interventional oncology care.

Zavation Medical Products, a Gemspring Capital portfolio company, has acquired ChoiceSpine Holdings, a Knoxville-based designer and manufacturer of spinal implant systems; terms were not disclosed. The deal expands Zavation's spinal implant portfolio and commercial reach across inpatient and outpatient settings, and Derek Kuyper was named CEO of the combined organization.

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.

UNIMED, a ZCG Private Equity–backed provider of medical and compliance solutions for the maritime industry, has acquired Regenboog Shipping Pharmacy, a Rotterdam-based distributor of pharmaceutical products and medical devices serving the maritime sector. The add-on expands Unimed’s presence in the Netherlands, builds on its recent Lagaay integration, and brings Regenboog’s portfolio of more than 1,000 SKUs and ~300+ customers into the Unimed platform.

GCM, a precision manufacturer backed by Avista Healthcare Partners, has acquired Kettmann Machining, a San Jose-based maker of precision-machined plastic and metal parts for the MedTech industry. The add-on expands GCM's capacity with a modern 40,000 sq. ft. facility and deepens its high-precision manufacturing capabilities to support next-generation medical device OEMs.

Rhône has completed acquisitions of Invacare Holdings S.ar.l. (Invacare Europe & APAC) and Direct Healthcare Group (DHG) through vehicles held by its Fund VI and combined the businesses to form DHCare, a London‑headquartered medical device platform. The transaction closed January 30, 2026; ARCHIMED will retain a minority stake in the newly formed company, which expands the combined product portfolio across mobility, seating, pressure‑care, patient handling and rental/services.

Laborie Medical Technologies has completed the acquisition of the JADA® System and the team behind it from Organon in a transaction announced in late January 2026. The deal — part of Organon’s divestiture program (previously disclosed as up to $465 million) — brings more than 90 employees and an FDA-cleared device for rapid control of postpartum hemorrhage into Laborie’s obstetrics portfolio to expand the company’s maternal health capabilities.

Healthcare Holding Schweiz AG has acquired PlusORTHO Prothetik GmbH, an Oftringen-based specialist in orthopedic hand, foot and knee implants, fixation systems and surgical instruments. The bolt-on expands Healthcare Holding Schweiz's Orthopedic Solutions platform to broaden its product portfolio, improve delivery times and deepen clinical/OR support, with PlusORTHO's founder Andreas Keller remaining involved post-transaction.

Emergency Care Holdings (ECH), a platform backed by Bridgefield Capital, completed the acquisition of the Philips Emergency Care business from Koninklijke Philips N.V., which will operate as Heartstream under a Philips brand license. The carve-out, headquartered in Bothell, Washington, employs more than 600 people, serves over 130 countries and positions ECH to launch a global emergency medical products platform focused on consolidation, innovation and recurring software and service revenue.

An independently managed investment subsidiary of Investindustrial Growth III SCSp has acquired Proveris Scientific Corporation, a Hudson, Massachusetts-based maker of spray and aerosol analytical testing instrumentation, software and lab services focused on orally inhaled and nasal drug products (OINDP). Investindustrial will partner with Proveris' management (founder Dino Farina reinvested as a minority shareholder) to accelerate global expansion and build a broader pharmaceutical testing equipment group through organic growth and add-on acquisitions.

Solmetex, LLC has acquired ReLeaf, a developer of hands-free, high-volume evacuation systems for dental hygiene and clinical procedures, to expand its patient-safety and procedural-efficiency product portfolio. The acquisition will integrate ReLeaf's evacuation and aerosol-reduction technology into Solmetex's offerings and broaden accessibility to dental practices in the United States and Canada. Financial terms were not disclosed; Solmetex is PE-backed by investors including GTCR, AGIC Capital, Avista Healthcare Partners, and Gemini Investors.

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.

Healthcare Holding Schweiz AG, backed and managed by Winterberg Advisory and KKA Partners, has acquired a majority stake in Sevika Medical AG, a Baar-based distributor of orthopedic medical technologies. The deal establishes a new orthopedics-focused platform within Healthcare Holding to accelerate product introductions and growth in the Swiss market.

Healthcare Holding Schweiz AG has acquired a stake in KSM Kunden Service Management GmbH, a Swiss specialist in single‑use medical supplies headquartered in Mont‑Vully. KSM's management will remain in place and will take a stake in Healthcare Holding; the acquisition is intended to expand Healthcare Holding's portfolio of disposable medical products and enable cross‑platform deployment of KSM's products and capabilities.

MidEuropa has acquired a majority stake in the MBL Group, a leading European contract development and manufacturing organisation (CDMO) for assisted mobility, rehabilitation and aged-care equipment. INVL Baltic Sea Growth Fund has fully exited its shareholding while the Lauritsen family has reinvested and CEO Martin Lauritsen will continue to lead the business as MidEuropa supports international growth and capability expansion. MBL employs approximately 1,700 people across Europe and Asia and holds over 100 registered patents.

Aptyx has acquired Argos Corporation, a Massachusetts-based precision extrusion specialist, and will establish a Boston-area Precision Extrusion Center of Excellence to expand medical tubing and catheter-grade extrusion capacity. The deal enhances Aptyx’s capabilities for interventional and catheter-based device markets, adding in-house tooling and micro-extrusion expertise to its integrated medical manufacturing platform.

Vance Street Capital has acquired Injectech from The West Group and added it to its newly formed VSC Medical Molding platform, expanding the platform's precision injection-molding and single-use fluid management capabilities for medical device, life science and bioprocessing customers. Injectech, headquartered in Fort Collins, Colorado, will operate alongside Resenex under the VSC Medical Molding platform to broaden component offerings and custom manufacturing capabilities.

Alcedo SGR (via its Alcedo V fund) has completed the acquisition of a majority stake in Operamed S.r.l., an Italian designer and supplier of prefabricated medical systems for critical hospital areas. The stake was previously held by Itago SGR (Itago IV fund) and minority shareholders; the deal represents a PE sponsor exit and a platform / capability investment by Alcedo into hospital infrastructure solutions.

Evident has completed its acquisition of Pramana, Inc., a Cambridge-based developer of autonomous whole slide imaging systems for digital pathology. The deal brings Pramana's AI-powered imaging and workflow technology into Evident's microscopy and optical-imaging portfolio to accelerate digital pathology capabilities and broaden solutions for hospitals, research institutions, and laboratories.

JLL Partners has acquired Parks Medical Electronics and merged the business with Vascular Technology to create a vascular diagnostics and robotics-focused medical device platform. The combination brings Parks Medical's Doppler ultrasound product line together with Vascular Technology's intraoperative systems to expand the combined company's product portfolio and clinical reach across hospital, clinic, operating room, and veterinary markets.

Registrar Corp, a Paine Schwartz Partners portfolio company, has acquired CMC Medical Devices, a Spain-based regulatory, clinical, and compliance consulting firm for medical device and IVD manufacturers. The deal expands Registrar Corp's global representation, clinical capabilities, and regulatory services—strengthening its ability to help manufacturers access the U.S., EU and other key markets more quickly.

Premier Biotech, a portfolio company of Align Capital Partners, has acquired National Test Systems (NTS), a provider of rapid point-of-care drug screening supplies and services that serves more than 1,500 facilities across the United States. The acquisition expands Premier's point-of-care testing capabilities (including oral fluid testing) and deepens its presence in government and behavioral health end markets; NTS CEO Andrew Panico will remain involved to support the transition.

SK Capital Partners has completed the acquisition of LISI Group's Medical division and launched the business as Precera Medical, a precision medical device CDMO headquartered in Big Lake, Minnesota. LISI Group retained a minority stake; SK Capital plans to invest in capacity and capabilities and pursue organic growth and M&A to expand the new platform's service offerings to global medical device OEMs.

ARCHIMED Diagnostics (ARCHIMED’s diagnostics team) has acquired a 60% stake in Fremont-based ARK Diagnostics from Soulbrain Holdings in a transaction valuing ARK at $428 million. Soulbrain retains and reinvests in a 40% stake and the deal includes a joint-venture agreement to accelerate ARK’s product development and global expansion.

ARCHIMED MedTech, via its MED Platform II fund, has taken NASDAQ-listed ZimVie private in a $19.00-per-share cash transaction valuing the company at an enterprise value of approximately $730 million. Headquartered in Palm Beach Gardens, Florida, ZimVie is a global dental technology company (implants, regenerative biomaterials and digital dentistry) with ~1,700 employees; ARCHIMED plans to accelerate growth, invest in new product development and pursue selective complementary acquisitions.

Los Angeles-based private equity firm Vance Street Capital has partnered with Molded Rubber and Plastic Corporation (MRPC), a family-owned, ISO 13485-certified medical device contract manufacturer headquartered in Butler, Wisconsin. Vance Street will support MRPC's capability and capacity expansion while existing CEO and shareholder Greg Riemer will remain in place; financial and legal advisors and lenders were disclosed but transaction terms were not.

Keensight Capital has acquired a majority stake in Bedfont Scientific Ltd., a UK-based designer and manufacturer of non-invasive breath analysis medical devices. The investment will support Bedfont's international expansion, product innovation and potential M&A-driven growth while existing shareholders reinvest alongside Keensight.

Promus Equity Partners, a Chicago-based private equity firm, completed its acquisition of Dr. Comfort from Enovis Corporation on October 7, 2025. Promus will operate Dr. Comfort as an independent business and partner with management — including newly appointed CEO Kunal Nandy — to invest in product innovation and strengthen the company's position in therapeutic diabetic footwear.

GSI Group Holdings, a portfolio platform of L Squared Capital Partners, has acquired GenesisBPS, a designer and manufacturer of benchtop blood processing equipment and laboratory consumables. The add-on expands GSI Group’s capabilities in blood processing workflows and strengthens its global benchtop equipment and consumables platform.

Artemis Capital Partners, a Boston-based private equity firm, has acquired Millrock Technology Inc., a Kingston, New York manufacturer of lyophilization (freeze-drying) instrumentation and process development tools for the pharmaceutical, biotech, and diagnostics markets. Under Artemis’ ownership Millrock will continue to operate independently from its Kingston facility while Artemis invests to scale the company’s technical capabilities and global reach.

Resonetics has acquired Eden Holdings (comprising Eden Manufacturing and Eden Tool), adding precision micro-molding, insert-molding, and advanced machining and tooling to its MedTech manufacturing capabilities. The deal expands Resonetics' polymer and tooling capabilities to better serve medical device OEM end markets including robotic surgery, minimally invasive surgery, electrophysiology, and rapid diagnostics.

Keensight Capital has acquired a majority stake in Isto Biologics, a US-based regenerative MedTech company focused on orthobiologic bone graft solutions. Thompson Street Capital Partners will retain a minority stake alongside Isto's management; Keensight plans to support Isto's international expansion and pursue additional acquisitions to accelerate growth.

Aspen Surgical, a portfolio company of Audax Private Equity, has acquired Cygnus Medical and Flagship Surgical to expand its perioperative product offering. The add-on deals broaden Aspen’s infection-prevention and OR safety capabilities and mark entry into the endoscopy market; financial terms were not disclosed.

TEAM Technologies, a portfolio company of Arlington Capital Partners, has acquired TAG3 Engineering LLC, a MedTech design, development, and manufacturing firm based in Sunrise, Florida. The add-on expands TEAM Tech's front-end design, regulatory/V&V, and product innovation capabilities to accelerate speed-to-market across cardiovascular, neurovascular and other minimally invasive device markets.

Proclinic Group, a European dental platform backed by Miura Partners, has acquired Cenger Scandinavia, a leading dental distributor in Denmark with more than 1,300 clients and the number one distributor in the dental laboratory segment. The acquisition marks Proclinic Group's entry into the Nordic market and is intended to expand the Group's European footprint, enhance its service offering for dental professionals, and generate commercial synergies in the region.

PainTEQ, a Tampa-based developer of minimally invasive sacroiliac (SI) joint implants, completed a majority growth recapitalization co-led by Signet Healthcare Partners and Windham Capital Partners with a new equity investment from MVolution Partners. The capital will fund clinical studies, next-generation product development and expansion of PainTEQ's U.S. commercial presence; transaction terms were not disclosed.

Medical Manufacturing Technologies (MMT), a portfolio company of Arcline Investment Management, has acquired Innova Design, Inc., a pioneer in laser bonding equipment for catheter and interventional medical device manufacturing. The acquisition expands MMT’s bonding technology suite—adding Innova’s laser bonder platforms and related capabilities—to better serve medical device OEMs globally.

restor3d, a Durham-based maker of AI-driven, 3D-printed personalized orthopedic implants and digital surgical planning tools, raised $104 million in a strategic investment round. Partners Group acquired a significant minority stake (providing $65 million) to support product innovation, commercial expansion, and broader market access, with $39 million contributed by existing shareholders.

HistoSonics, a University of Michigan spin-out developer of the Edison Histotripsy System, sold a majority stake to a consortium led by K5 Global, Bezos Expeditions and Wellington Management in a transaction valuing the company at $2.25 billion. Other investors included Alpha JWC Ventures, Alpha Wave Ventures and Johnson & Johnson’s JJDC; proceeds will be used to accelerate clinical programs and expand the company’s indications and commercial rollout (CEO Mike Blue will become chairman).

Advancing Eyecare (AEC), a Jacksonville-based eyecare instrumentation platform, has acquired Birmingham Optical Group, a U.K. distributor and service provider of ophthalmic equipment. Financial terms were not disclosed; Birmingham Optical will continue to be led by Arran Fewkes and will operate as a division of AEC, expanding AEC's geographic footprint into the U.K. and Europe.

HKW, a middle-market private equity firm, has partnered with the Cherubini family to recapitalize AliMed Inc., a Dedham, Massachusetts-based manufacturer and distributor of medical products. The recapitalization will support AliMed's organic growth and enable the company to pursue acquisitions and further develop its digital and manufacturing capabilities.

Straits Orthopaedics (Mfg) Sdn Bhd has acquired Medin Technologies, Inc., a U.S.-based manufacturer of sterilization cases and trays that operates facilities in Totowa, New Jersey and Manchester, New Hampshire. The deal expands Straits’ product offerings and global manufacturing footprint for orthopaedic OEM customers; Straits is backed by Quadria Capital.

Mikrona Group AG, a subsidiary of Healthcare Holding Schweiz AG, has acquired FTC Frey Trading & Consulting Sàrl (FTC Dental) and its affiliated training platform MyDentalExpert Sàrl. The founder Bernhard Frey will retain a stake and remain as Managing Director; the deal expands Mikrona Group's endodontics product offering and training capabilities within its Swiss dental platform.

Apheon, a pan‑European private equity investor, has acquired a majority stake in Longwood, a Zaragoza‑based distributor and manufacturer of high value‑added In‑Vitro Diagnostics (IVD) equipment and services focused on Next‑Generation Sequencing. Founder Antonio Raichs and CEO Miguel Giralt will remain invested and the partnership aims to expand Longwood's product offering, pursue M&A and accelerate international growth.

Summit Partners has made a growth equity investment in Dreampath Diagnostics to accelerate the company's global expansion, scale operations and expand its product portfolio in anatomical pathology lab automation. Dreampath, headquartered in Strasbourg, France, provides patented scanners, software and consumables for sample traceability and manages more than 250 million samples across over 500 labs; financial terms were not disclosed.

EQT Life Sciences, together with the LSP 7 fund and EQT Health Economics strategy, co-led a $56 million Series D financing in Neuros Medical to support U.S. commercialization of the Altius direct electrical nerve stimulation system for chronic post-amputation pain. Proceeds will fund scaling of commercial operations to expand access to the FDA‑approved, non‑opioid treatment for adult amputees.

Innovia Medical, a portfolio company of Inverness Graham Investments, has completed the acquisitions of Grace Medical (Memphis, TN) and Hurricane Medical (Bradenton, FL). The add-on deals expand Innovia's vertically integrated platform of single-use surgical products and strengthen its presence in ENT and ophthalmic markets, with Barings providing debt financing to support the transactions.

TEAM Technologies (TEAM Tech), a PE‑backed contract manufacturer, has acquired Duke Empirical, Inc., a Morgan Hill, California designer and manufacturer of advanced catheters and minimally invasive delivery systems. The transaction expands TEAM Tech’s capabilities in catheter design, precision extrusion and high‑precision assembly, strengthening its offering for interventional cardiology, neurovascular and other minimally invasive device markets.

TEAM Technologies, a portfolio company of Arlington Capital Partners, has acquired Duke Empirical, a Morgan Hill, California-based designer and manufacturer of advanced catheters and minimally invasive delivery systems. The add-on expands TEAM Tech's end-to-end medical device manufacturing capabilities — including polymer extrusion and interventional cardiovascular device production — to better serve medical device OEMs and accelerate manufacturing at scale.

HealthpointCapital acquired a majority stake in ImmersiveTouch, Inc., the Chicago-based developer of the ImmersiveView VR/AR surgical planning and navigation platform. The investment will support commercialization and further development of ImmersiveTouch’s patient-specific surgical planning, 3D printing and AR guidance capabilities for craniofacial, neuro and trauma surgery.