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Pacts In Medtech: Audax Buys Hill-Rom’s Surgical Consumables; Boston Scientific To Distribute Endologix’s Products In China

 
• By Reed Miller

Derived from Strategic Transactions, Informa's premium source for tracking life-sciences deals, the bimonthly Pacts In Medtech feature highlights notable technology alliances, research and development partnerships and commercial collaborations. This edition covers industry pacts that were signed in July and August 2019.

Pacts In Medtech

Audax Private Equity acquired surgical consumable products and related assets from Hill-Rom Holdings Inc. for $170m in cash.

The transaction includes Bard-Parker conventional and safety scalpels and blades, plus additional operating room accessories. About 500 employees will stay with the business. In 2019 on a pro forma basis, the acquired assets are forecasted to be worth $100m in annual revenue

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