PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Shore Capital Partners acquires Network Medical

Shore Capital Partners’ medical products platform Innovia Medical has acquired Network Medical Products (Network). Based in Ripon, North Yorkshire, United Kingdom, Network is a designer and manufacturer of sterile single use products for ENT and ophthalmic procedures.

“Since their founding in 1997, Network Medical has established itself as a leading innovator and manufacturer in the ENT and Ophthalmic space, and has achieved global success through the quality and niche designs,” says Terry Meredith, Chief Executive Officer of Innovia.
 
“We have enjoyed working with the entire Network Medical team over the last several years as they have built a great company. We felt Network was a perfect fit for our Ophthalmic / ENT strategy and are excited to add their patented range of corneal graft instruments and disposable products to Innovia’s existing family of brands that includes ENT, Instrusafe, and Minne Ties. This acquisition helps to further strengthen Innovia’s portfolio of product solutions designed with both medical professionals and their patients in mind.”
 
Don Pierce, Partner at Shore and Chairman of Innovia, says: “This is a transformational acquisition for Innovia, and is consistent with the strategic initiatives we targeted with Terry and the management team. This acquisition is an excellent fit with the broader strategy of building a leading specialty surgical platform. Network’s line of products will grow and diversify Innovia’s offerings and allow us to leverage our capabilities as well as the distribution network already in place.”
 
“Network Medical is dedicated to helping improve quality of life through supporting the advancement of surgical techniques in the Ophthalmic and ENT field,” says Neil Mercer, Chief Executive Officer of Network Medical. “We are pleased to announce this investment from Innovia, which will allow Network Medical to continue investing in and growing our in-house manufacturing, quality assurance and distribution facilities. The opportunity to partner with Innovia was of great interest to us and we feel strongly that the company shares our belief and confidence in our future and we look forward to achieving the global results that are now possible.”
 

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured