In a move which signals its intent to become more than just a supplier of medical devices, US medical device manufacturer Ethicon Endo-Surgery (EES) has acquired device reprocessing company SterilMed for an undisclosed amount.
The acquisition will broaden EES’ product portfolio with SterilMed’s ability to provide medical device reprocessing and equipment repair to help healthcare providers reduce costs.
Karen Licitra, Chairman and Worldwide Franchise Chairman for EES said: “Together, we can continue our focus on developing innovative surgical solutions, while providing healthcare facilities a wider range of flexible product options to save money, reduce medical waste, and maintain quality care for patients.”
Minnesota-based SterilMed will be managed as part of the EES franchise, but will continue operations as a separate company under SterilMed.
Brian Sullivan, Chairman and CEO of SterilMed, said: “Becoming part of the Ethicon Endo-Surgery franchise, one of the largest and most respected medical device companies in the world, will have a positive impact on our business, while also expanding our product portfolio.”
Ethicon Endo-Surgery, a Johnson & Johnson company, manufactures and markets medical devices for minimally invasive and open surgical procedures.
Source: Medtechbusiness, medlatest staff