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PE-Backed TEAM Technologies Buys Duke Empirical
TEAM Technologies announced on July 7 its acquisition of Duke Empirical, Inc. TEAM Technologies is a portfolio company of Arlington Capital Partners, a Washington, D.C.-area private investment firm specializing in government-regulated industries. Based in Morgan Hill, California, Duke Empirical is a designer, developer and manufacturer of advanced medical devices for interventional cardiovascular applications. Duke specializes in catheters and minimally invasive delivery systems. Headquartered in Knoxville, Tennessee, with facilities throughout the United States, Mexico and Singapore, TEAM Technologies is a specialized end-to-end outsourced manufacturer of mission-critical,... Read More »
Avista Healthcare Partners Acquires EBI from Highridge Medical
Avista Healthcare Partners, a private equity firm focused exclusively on healthcare, has announced its acquisition of EBI, the bone healing division of Highridge Medical. Headquartered in Parsippany, New Jersey, EBI is focused on electrobiology innovations and has a large portfolio of clinically proven, safe and effective implantable and non-invasive bone growth stimulation solutions to support bone regeneration and healing outcomes. Founded in 2005, Avista Healthcare Partners (formerly Avista Capital Partners) is a New York-based private equity firm with more than $9 billion invested in more than 50 growth-oriented healthcare businesses globally. The acquisition marks the 50th platform... Read More »
Investindustrial Buys Irish Company DCC Healthcare
Investindustrial announced that it is acquiring DCC Healthcare. The acquisition values DCC Healthcare at a total enterprise value of £1 billion ($1.4 billion USD) on a cash-free, debt-free basis. Arthur Cox advised Investindustrial in the deal. DCC Healthcare is the healthcare unit of DCC plc, an Irish international sales, marketing and support services group. DCC Healthcare offers devices used in minimally invasive surgeries and related procedures in therapy areas such as gastroenterology and urology, as well as offers nutritional supplements and beauty products. DCC Healthcare serves customers worldwide. Founded in 1990, Investindustrial is a private equity firm headquartered... Read More »
Merit Medical Acquires Florida-Based Biolife Delaware
Merit Medical announced on May 20 that it acquired Biolife Delaware in a merger transaction through which Biolife has become a wholly-owned subsidiary of Merit. The aggregate transaction consideration, paid in cash and assumption of Biolife liabilities, was approximately $120 million. Headquartered in Sarasota, Florida, Biolife Delaware manufactures unique patented hemostatic devices under the brand names StatSeal and WoundSeal. Merit Medical develops, manufactures and markets medical devices for interventional and diagnostic procedures worldwide. According to its FY 2024 earnings report, the company announced $1.35 billion in revenues during the full year of 2024. This strategic... Read More »
