Innara Health Acquired by Previous Investor Cardinal Health

Innara Health Acquired by Previous Investor Cardinal Health

Innara Health announced on May 14 that it has been acquired by one of its previous investors, global healthcare company Cardinal Health Inc.  Innara Health was founded in Kansas, Olathe in 2012 after it bought the physical and intellectual property for the NTrainer system from KC Biomedix. Innara is a neonatal medical device company developing feeding technology for premature infants, full infants, newborns and children. Cardinal Health invested an undisclosed amount in Innara in April 2022. Cardinal Health is an American multinational healthcare services company, and the 14th-highest revenue-generating company in the United States. Cardinal Health provides pharmaceutical and medical... Read More »
Thomas H. Lee Partners Acquires Agiliti for $2.5 Billion 

Thomas H. Lee Partners Acquires Agiliti for $2.5 Billion 

Thomas H. Lee Partners, L.P. (THL) announced that it acquired the remaining share of Agiliti, Inc. for $10.00 per share, implying a total enterprise value of $2.5 billion.  Agiliti is an essential service provider to the U.S. healthcare industry with solutions that help support a more efficient, safe and sustainable healthcare delivery system. Agiliti serves more than 10,000 national, regional and local acute care and alternate site providers across the country. According to the company’s financial statements, it reported $1.2 billion in revenue for the full year 2023.   THL is one of the world’s oldest and most experienced private equity firms. Since 1974, it has... Read More »
Medline Acquires Ecolab’s Surgical Solutions Business for $950 Million 

Medline Acquires Ecolab’s Surgical Solutions Business for $950 Million 

Medline Industries announced that it was acquiring Ecolab’s surgical solutions business for $950 million. The deal encompasses the entire portfolio of products from Ecolab’s Microtek Medical line, which includes a variety of common hospital sanitation and personal protective equipment for healthcare workers.   Medline Industries is a global manufacturer and distributor of medical supplies and clinical solutions. Headquartered in Northfield, Illinois, Medline has more than 34,000 employees worldwide and does business in more than 125 countries and territories.  This deal will provide Medline with sterile drape solutions for surgeons and Ecolab’s fluid temperature management... Read More »
Innara Health Acquired by Previous Investor Cardinal Health

PE Firm KKR Picks up Bengaluru-based Healthium

KKR & Co. announced on Monday its acquisition of Bengaluru, India-based medical devices company Healthium Medtech from an affiliate of funds advised by private equity firm Apax Partners. Healthium was previously known as Sutures India. It is the leading medical device company in India that develops, manufactures and sells a broad range of surgical products globally. Its portfolio caters to a wide spectrum of surgeons’ needs, offering wound closure, arthroscopy, and advanced wound closure products. Healthium’s key brands include Trusynth, Truglyde, Trubond and Sironix. Apax Partners previously acquired the company in 2018. KKR is a leading global investment firm that manages multiple... Read More »
Osstem Implant Acquires Implacil de Bortoli 

Osstem Implant Acquires Implacil de Bortoli 

Osstem Implant announced on May 2 that it entered into an agreement to acquire a 100% stake in Implacil de Bortoli for $89.8 million.  Implacil de Bortoli is a Brazilian dental implant firm. With a portfolio of approximately 1,300 product items, the company offers a complete dental solution, ranging from dental implants and prosthetic components to surgical kits and biomaterials. The company has an annual production capacity of 9.1 million units and operates five distribution centers covering more than 13,000 clients across Brazil. According to the press release, the company reported $874 million in revenue in 2023.  Osstem Implant, which is backed by MBK Partners and UCK... Read More »
Vista Apex Acquired by Behrman Capital 

Vista Apex Acquired by Behrman Capital 

On April 10, Behrman Capital announced that it entered into an agreement to acquire Vista Apex.  Vista Apex manufactures a variety of consumable dental products for preventative oral hygiene, endodontics and restorative dentistry, including RE-GEN™ Bioactive Bulk Fill Composite, a popular bulk fill, dual-cure methacrylate-based material formulated to allow clinicians to fill all classes of restorations without shrinkage. The company was founded in 1997.  Behrman Capital, a private equity firm, has raised more than $3 billion since its formation in 1991. Healthcare services is one of the firm’s three industry focuses. It is based in New York City.  This transaction is... Read More »