The acquisition will combine the acquirer’s comprehensive women's health service offering with ClearPath’s local expertise to offer best in-class treatment for LabCorp’s obstetric and gynaecology customers.
Winston & Strawn was the legal advisor for the transaction.
The acquisition is the second important addition to Katena in 2016 and is a part of its strategy to serve its customers better by expanding its existing product lines and through additional acquisitions.
Compass Health Brands, a medical equipment manufacturer based in Ohio, US, has completed the purchase of Garden City Medical, a subsidiary of Invacare Corporation and distributor of single-use products, in a $13.8m cash transaction.
The acquisition enables Compass Health to deliver better value to its customers by offering its products at lower prices.