PR Newswire04.27.18
Vyaire Medical, a respiratory care company, announced that it has acquired Acutronic Medical Systems and, separately, entered into a definitive agreement to acquire imtmedical.
Acutronic, a Switzerland and Germany-based leader in the design and manufacture of neonatal ventilation equipment, is globally recognized for its innovative ventilation solutions designed for both neonatal and pediatric intensive care units.
imtmedical, based in Switzerland, is a developer, manufacturer and distributor of acute care mechanical ventilation products utilized in acute care centers, long-term care facilities, home healthcare as well as the emergency services and transport markets. The imtmedical transaction, which is subject to customary regulatory and other approvals, is expected to close in the second quarter.
The Acutronic and imtmedical acquisitions immediately enhance Vyaire Medical's product offering, complementing investments made by the company through internal development programs. In combination, these investments have allowed Vyaire Medical to completely renew its ventilation portfolio within the past 18 months.
Dave Mowry, Vyaire Medical's president and CEO, said, "The transactions we are announcing today, along with our own internal development efforts, underscore our commitment to positioning Vyaire Medical as a global respiratory care leader. Our acquisition of Acutronic and imtmedical immediately enhance our product portfolio, expand intellectual capital and broaden our technological capabilities; all of which will accelerate Vyaire Medical's growth. We could not be more excited about taking these amazing products, in combination with our own, to market to advance our mission of improving patient outcomes and providing increased value to our customers."
Vyaire Medical also announced that funds advised by Apax Partners have completed their purchase of Becton, Dickinson & Company's remaining stake in the company. Vyaire Medical is now an independent, standalone company owned by the Apax Funds.
Steven Dyson and Arthur Brothag, Partners at Apax Partners, said, "These new acquisitions are exciting steps forward for Vyaire Medical and build on the strong progress made by the company's management over the past year and a half. We join Dave Mowry in welcoming both the Acutronic and imtmedical teams to the Vyaire family and are excited about our joint future. We look forward to our ongoing work with Vyaire Medical as it continues to grow as the leader in respiratory care."
Acutronic, a Switzerland and Germany-based leader in the design and manufacture of neonatal ventilation equipment, is globally recognized for its innovative ventilation solutions designed for both neonatal and pediatric intensive care units.
imtmedical, based in Switzerland, is a developer, manufacturer and distributor of acute care mechanical ventilation products utilized in acute care centers, long-term care facilities, home healthcare as well as the emergency services and transport markets. The imtmedical transaction, which is subject to customary regulatory and other approvals, is expected to close in the second quarter.
The Acutronic and imtmedical acquisitions immediately enhance Vyaire Medical's product offering, complementing investments made by the company through internal development programs. In combination, these investments have allowed Vyaire Medical to completely renew its ventilation portfolio within the past 18 months.
Dave Mowry, Vyaire Medical's president and CEO, said, "The transactions we are announcing today, along with our own internal development efforts, underscore our commitment to positioning Vyaire Medical as a global respiratory care leader. Our acquisition of Acutronic and imtmedical immediately enhance our product portfolio, expand intellectual capital and broaden our technological capabilities; all of which will accelerate Vyaire Medical's growth. We could not be more excited about taking these amazing products, in combination with our own, to market to advance our mission of improving patient outcomes and providing increased value to our customers."
Vyaire Medical also announced that funds advised by Apax Partners have completed their purchase of Becton, Dickinson & Company's remaining stake in the company. Vyaire Medical is now an independent, standalone company owned by the Apax Funds.
Steven Dyson and Arthur Brothag, Partners at Apax Partners, said, "These new acquisitions are exciting steps forward for Vyaire Medical and build on the strong progress made by the company's management over the past year and a half. We join Dave Mowry in welcoming both the Acutronic and imtmedical teams to the Vyaire family and are excited about our joint future. We look forward to our ongoing work with Vyaire Medical as it continues to grow as the leader in respiratory care."