M&As this week: Thortex, Epocal, Woodbury Holdings
Thortex Inc, a provider of porous coatings and metal injection moulding solutions to the medical device market, and Millennium Surgical, a specialty surgical instruments provider, have been acquired by Avalign Technologies.
The acquired companies will add new and proprietary capabilities to Avalign Technologies, enabling it to expand its manufacturing technologies and services. The acquisition allows Avalign to strategically scale its business.
Siemens Diagnostics Holding, a subsidiary of Siemens Healthineers, intends to buy out all the shares of Epocal, a point-of-care blood diagnostic products developer, from Alere.
The acquisition, which includes Epocal's Epoc Blood Analysis System, a handheld, wireless testing solution that provides blood gas, electrolyte and metabolite results, will complement Siemens’ existing offerings in the point-of-care diagnostics space and allows it to offer a full range of blood gas solutions to its global customers.
The purchase is subject to the completion of Abbott’s acquisition of Alere. The terms of sale are not yet disclosed.
ConvaTec Group, a medical device producer specialising in developing therapies for the management of chronic conditions, has signed a definitive agreement to acquire Woodbury Holdings, a distributor of incontinence and catheter-related supplies, from MTS Health Investors.
Valued at $120.5m, the acquisition helps ConvaTec to form a new home distribution business unit for catheter and incontinence related products. It also enables the company to encapsulate the US distribution companies of 180 Medical, Symbius Medical, South Shore Medical Supply, Wilmington Medical Supply, and Woodbury Health Products.