Phillips-Medisize LLC11.21.17
Flexicare (Group) Limited, a UK-headquartered manufacturer of medical devices, is pleased to announce that it has acquired Medisize B.V. from an affiliate of Phillips-Medisize LLC.
Medisize B.V. is a manufacturer specializing in the supply and distribution of a wide range of respiratory and anesthesia products for critical care, neonatology, emergency, homecare, and radiology. The acquisition of Medisize B.V. includes operations in the Netherlands, and subsidiaries in Germany and Italy.
This transaction provides Flexicare with an enhanced presence in mainland Europe supported by the Medisize B.V. sales and distribution networks in three European geographies. Acquiring Medisize B.V. supplements the Flexicare global product portfolio providing greater choice and coverage for existing and new customers.
The sale of Medisize B.V. by Phillips-Medisize will enable both organizations to focus on their differing areas of expertise, and better serve the needs of their distinct customer groups. The business acquired does not include any of the contract manufacturing and design consultancy businesses of Phillips-Medisize in the Netherlands, Czech Republic, or elsewhere.
“This transaction underscores our commitment across Europe to be a leader in airway management and anesthesia, with the ability to deliver and service the market at scale,” said Hash Poormand, Flexicare’s managing director. “The rapid organic growth that we have enjoyed, as a result of our innovative product portfolio and recent acquisitions, will give us further reach and the combination of the two companies will increase the value Flexicare and Medisize B.V. deliver to its customers and end users. The acquisition is expected to immediately accelerate revenue growth and drive overall earnings growth potential for Flexicare’s wider range of anesthesia and airway management products, truly exciting times ahead.”
Matt Jennings, CEO and president of Phillips-Medisize, commented, “We believe this is a very positive transaction for both Flexicare and Phillips-Medisize. The Airway Management business closely aligns with Flexicare’s vision. Flexicare’s strength and presence in this market makes them well-positioned to fully leverage the talent and expertise of the Airway Management team in continuing to provide innovative airway management solutions.”
Medisize B.V. is a manufacturer specializing in the supply and distribution of a wide range of respiratory and anesthesia products for critical care, neonatology, emergency, homecare, and radiology. The acquisition of Medisize B.V. includes operations in the Netherlands, and subsidiaries in Germany and Italy.
This transaction provides Flexicare with an enhanced presence in mainland Europe supported by the Medisize B.V. sales and distribution networks in three European geographies. Acquiring Medisize B.V. supplements the Flexicare global product portfolio providing greater choice and coverage for existing and new customers.
The sale of Medisize B.V. by Phillips-Medisize will enable both organizations to focus on their differing areas of expertise, and better serve the needs of their distinct customer groups. The business acquired does not include any of the contract manufacturing and design consultancy businesses of Phillips-Medisize in the Netherlands, Czech Republic, or elsewhere.
“This transaction underscores our commitment across Europe to be a leader in airway management and anesthesia, with the ability to deliver and service the market at scale,” said Hash Poormand, Flexicare’s managing director. “The rapid organic growth that we have enjoyed, as a result of our innovative product portfolio and recent acquisitions, will give us further reach and the combination of the two companies will increase the value Flexicare and Medisize B.V. deliver to its customers and end users. The acquisition is expected to immediately accelerate revenue growth and drive overall earnings growth potential for Flexicare’s wider range of anesthesia and airway management products, truly exciting times ahead.”
Matt Jennings, CEO and president of Phillips-Medisize, commented, “We believe this is a very positive transaction for both Flexicare and Phillips-Medisize. The Airway Management business closely aligns with Flexicare’s vision. Flexicare’s strength and presence in this market makes them well-positioned to fully leverage the talent and expertise of the Airway Management team in continuing to provide innovative airway management solutions.”
