Beaver-Visitek picks up Malosa Medical

Beaver-Visitec said today it acquired U.K.-based single-use ophthalmology surgical instrument maker Malosa Medical for an undisclosed amount.

Malosa Medical has a portfolio of more than 400 products, according to Beaver-Visitec.  Malosa packages its sets in sterilized, single-use packs which contain all required instruments and consumables for specific ophthalmic procedures, including cataract surgery and intravitreal injections, BVI added.

“We are thrilled to be joining forces with BVI and firmly believe that our combined offering of physician-preferred single-use ophthalmic instrumentation will continue to be highly valued by our customers and contribute to outstanding patient outcomes. BVI’s focus on building a strong brand that’s commitment to quality makes it an excellent strategic and cultural fit for Malosa. We believe the company is well-positioned for accelerated growth,” Malosa managing director Gary Loran said in a press release.

BVI touted the acquisition as “building on a period of significant momentum for the company,”

“Fueled by an aging population and an increased awareness and desire for eye care globally, the ophthalmology market has and will continue to experience robust growth. Malosa’s focus on innovation, along with its vertically integrated business model – through which it owns the production process from design to distribution – uniquely positions the company to adequately serve this expanding and evolving market. We are pleased to welcome Malosa employees to the BVI team and look forward to providing their comprehensive line of high-quality single-use ophthalmic instruments to a broader set of customers worldwide. Malosa’s product line is highly complementary to our single-use product portfolio and we are excited to work with the company to offer customers even more options for their patients,” BVI prez & CEO Dana Mead said in a prepared statement.

Last July, RoundTable Healthcare Partners said it sold Beaver-Visitec to private investment firm TPG Capital for an undisclosed amount.

Waltham, Mass.-based BVI produces Beaver blades, Visitec cannulae and instruments, Merocel and Weck-Cel ophthalmic fluid management products and Wet-Field Eraser electrosurgery products, and operates 2 manufacturing plants with locations in the U.S. and the U.K.

The post Beaver-Visitek picks up Malosa Medical appeared first on MassDevice.

from MassDevice http://ift.tt/2oukZfy