MedPlast Adds Integer’s Surgical and Orthopedics Lines

MedPlast Inc., a portfolio company of JLL Partners and Water Street Healthcare Partners, announced the largest deal in the Medical Device sector in May 2018.

The company, which provides integrated custom plastic processing solutions for finished medical devices, acquired the advanced surgical and orthopedics lines (ASO) from Integer (NYSE: ITGR) for $600 million. The transaction includes 10 manufacturing facilities.

The ASO business comprises products and services for the laparoscopy, general surgery, biopsy and drug delivery, arthroscopic devices and components and orthopedic markets. Integer, formerly known as Greatbatch, rebranded in 2016 under the Integer name.

With this acquisition, MedPlast gains a range of metals manufacturing capabilities, as well as design, development and prototyping services. Its presence will expand in Europe, where its UK-based Orthoplastics division produces UHMWPE-based components for knee and hip devices. MedPlast acquired Orthoplastics in 2013.

In 2017, MedPlast acquired Vention Medical‘s device manufacturing services and Coastal Life Technologies to extend its portfolio of services into assembly and packaging. In 2016, MedPlast partnered with the strategic investment firms Water Street Healthcare Partners and JLL Partners.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *