Devices & Diagnostics

Medical device reprocessor SterilMed acquired by Ethicon Endo-Surgery

Surgical products company Ethicon Endo-Surgery, a division of Johnson & Johnson (NYSE:JNJ), is entering the medical device reprocessing and remanufacturing business with a planned acquisition of SterilMed. The price of the deal isn’t being disclosed, according to a statement from Cincinnati-based Ethicon. With the cost of healthcare in the U.S. continuing to skyrocket, medical device […]

Devices & Diagnostics

Device reprocessor SterilMed sold to private equity firms

Medical device reprocessor SterilMed Inc. has been bought by two private equity firms for an undisclosed sum. The company’s new owners are Boston-based  Great Hill Partners and Cleveland-based  Primus Capital Funds, according to a statement from SterilMed. Maple Grove, Minnesota-based SterilMed reprocesses a vast array of single-use medical devices including guidewires, catheters, laser probes and […]