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November 25, 2020

Aspen Surgical acquires Protek Medical Products

Surgical disposable products maker Aspen Surgical Products has acquired Iowa-based Protek Medical Products for an undisclosed amount.

Surgical disposable products maker Aspen Surgical Products has acquired Iowa-based Protek Medical Products for an undisclosed amount.

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Protek makes single-use ultrasonic probe covers and needle guides used in tissue biopsies, fluid aspiration and vascular access procedures.

It also manufactures protective covers for medical instruments and equipment.

Protek is a supplier for Original Equipment Manufacturers (OEM) in the ultrasound equipment space.

With this acquisition, Aspen intends to boost its portfolio of medical, patient and staff safety products sold to hospital and surgery centre markets.

Aspen also gains the rights to Protek’s patented Pull-Up probe cover technology, which is claimed to aid in providing efficiency in the clinical setting.

Aspen Surgical CEO Jason Krieser said: “Protek Medical has a long, successful history of providing effective, easy-to-use disposable products that help address cross-contamination issues in the clinical environment.

“This line is clearly synergistic with our current manufacturing and commercial operations and it supports our mission to provide high quality single-use medical devices that improve safety and efficiency for the healthcare settings that we serve.”

Protek displayed a stable track record of revenue growth and innovation, powered by its R&D capabilities, claimed Aspen Surgical Products.

Protek CEO Rick Pruter said: “Protek is very excited to team up with Aspen Surgical. This will not only broaden our customers’ access to consumable product offerings but also expand our new product development opportunities.

“Aspen’s goals align directly with our vision of optimising patient safety in the imaging market.”

Headquartered in Caledonia, Michigan, Apsen’s assets include Bard-Parker blades and scalpels, Precept personal protective equipment, surgical marking pens, orthopaedic positioners, basic wound care and instrument care products.

Related Companies

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Find the right pricing strategy for your medical device

How do your competitors set prices in different markets? Will reducing your prices win market share from your main competitors? Do you need to position products differently for different markets? To find out, use our Global Brand Pricing tool to achieve optimal pricing for your devices. Detect price changes, understand competitor market positioning, and plan new product launches, by accessing this tool today. It features:
  • A proprietary algorithm that leverages numerous pricing sources, with an emphasis on real-world data
  • Estimates of the likely spread of selling prices per brand and manufacturer, as well as 3-year forecasts for prices
  • Medical device pricing data that can be tracked by market, company, and brand
  • Additional categories that can be built on a custom basis
Use our tool to access competitor pricing strategies across multiple geographies, and various dynamic case studies from the likes of Germany and China, to benchmark yourself against your competitors and future proof your pricing strategies.
by GlobalData
Enter your details here to receive your free Report.

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