Lion Street Medical has announced the successful acquisition of Pensar Medical, a Norco, California-based medical device company specializing in wound care.
Founded in 2012, Pensar Medical specializes in Negative Pressure Wound Therapy (NPWT) systems, including WoundPro, the industry’s most powerful and durable pump, and MicroDoc, a disposable unit for single-use NPWT. The company also offers wound care supplies, including collection canisters and foam dressing kits.
Lion Street Medical is a leading national financial services company comprised of over 200 independent firms that specialize in design and planning for high-net-worth and corporate clients. The company is headquartered in Austin, Texas.
The acquisition, finalized in October 2023, brings new leadership to the Pensar Medical and WoundPro brands. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition marks the ninth Medical Devices transaction of the year. There were 109 Medical Devices deals announced during 2023, and 122 during 2022.
