ConvaTec On The Acquisition Trail Again

In short

ConvaTec has followed up its May announcement of the acquisition of AbViser Medical, LLC with the news that its ostomy systems range is to expand with the acquisition of UK company Trio Healthcare International Ltd.

Background

ConvaTec’s business comprises the four key focus areas of Ostomy Care, Wound Therapeutics, Continence and Critical Care and Infusion Devices. In early May the company announced the acquisition of AbViser Medical, a Salt Lake City-based specialist in critical care products including Intra-abdominal Pressure (IAP) Monitoring System, which enables clinicians to measure and monitor IAP in patients at risk for intra-abdominal hypertension (IAH) or abdominal compartment syndrome (ACS). The system comprises  is a sterile, non-invasive disposable monitoring device that enable safe, efficient, standardised monitoring with proven clinical accuracy. Measurements are obtained in approximately 30 seconds, this easily obtained data allowing clinicians to trend the pressures and intervene in a timely fashion, thereby preventing the end stage organ dysfunction seen with abdominal compartment syndrome.

ConvaTec’s newly announced acquisition of Trio Healthcare Ltd., will enhance the company’s ostomy care portfolio, Trio’s range  including Niltac™ sting-free medical adhesive remover and Silesse™ sting-free skin barrier, both featuring the company’s advanced silicone technologies, and Diamonds™ Gelling Sachets with ActiveOne™ odor control.

Full details of neither acquisition deal have been announced.

Company comments

“The Trio Healthcare International range of products significantly enhances our portfolio of ostomy care accessories, offering advanced solutions for increased security, comfort and discretion,” says Jorgen Hansen, Senior Vice President of Global Marketing, Business Development and Innovation, ConvaTec. “We look forward to bringing the benefits of these innovative products, alongside our advanced ostomy systems and best-in-class adhesives such as ConvaTec Moldable Technology™, to more customers around the world.”

Source: ConvaTec, PR Newswire