PE Firm GTCR Acquires Surmodics for Approximately $627 Million
Surmodics, Inc. announced on May 29 that it has entered into a definitive agreement to be acquired by GTCR, a leading private equity firm with a long track record of investment expertise across healthcare and healthcare technology. Under the terms of the agreement, affiliates of GTCR will acquire all outstanding shares of Surmodics. Surmodics shareholders will receive $43.00 per share in cash, for a total equity valuation of approximately $627 million. Surmodics is an Eden Prairie, Minnesota-based provider of performance coating technologies for intravascular medical devices and chemical and biological components for in vitro diagnostic immunoassay tests and microarrays. Surmodics also... Read More »
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, 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 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 »
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 »Schedule a demo
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