M&A Deal Summary

Invacare Acquires Genus Medical Inc

On August 1, 1995, Invacare acquired medical products company Genus Medical Inc from Whitecap Venture Partners

Acquisition Highlights
  • This is Invacare’s 1st transaction in the Medical Products sector.
  • This is Invacare’s 1st transaction in Canada.
  • This is Invacare’s 1st transaction in Ontario.

M&A Deal Summary

Date 1995-08-01
Target Genus Medical Inc
Sector Medical Products
Buyer(s) Invacare
Sellers(s) Whitecap Venture Partners
Deal Type Add-on Acquisition

Target

Genus Medical Inc

Concord, Ontario, Canada
Genus Medical Inc. manufactures and distributes rehabilitation products.

Search 177,729 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Invacare

Elyria, Ohio, United States

website


Category Company
Founded 1885
Sector Medical Products
Employees3,000
Revenue 872M USD (2021)
DESCRIPTION

Invacare is an American manufacturer and distributor of non-acute medical equipment including wheelchairs, mobility scooters, walkers, pressure care and positioning, as well as respiratory products. Invacare was founded in 1885 and is based in Elyria, Ohio.


DEAL STATS #
Overall 1 of 6
Sector (Medical Products) 1 of 6
Type (Add-on Acquisition) 1 of 5
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (1995) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-17 Suburban Ostomy Supply Co

Holliston, Massachusetts, United States

Suburban Ostomy Supply Company, Inc. distributes disposable home healthcare products, primarily ostomy, urological, diabetic, and wound-care items.

Buy $135M

Seller(S) 1

SELLER

Whitecap Venture Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Venture Capital Firm
Founded 1993
PE ASSETS 225M CAD
Size Small
Type Sector Focused
DESCRIPTION

Whitecastle Private Equity Partners (WPEP) is the private equity arm of Whitecastle Investments, a firm which also provides venture capital financing. WPEP looks to invest C$5 to C$25 million to help fund buyouts, acquisitions, expansions, and privatizations of companies valued up to C$75 million. Target industries include food services, recycling and waste management, technology, healthcare services and products, financial services, and manufacturing. Whitecastle Private Equity Partners was formed in 1958 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 11
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Ontario) 1 of 6
Country (Canada) 1 of 10
Year (1995) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Positron Fiber Systems Corp

Montreal, Quebec, Canada

Positron Fiber System Corporation rapidly grew to become a leading manufacturer of telecommunications equipment for high reliability and critical service applications. Established in 1995 under the name Positron Fiber System Corporation and its French version, Corporation Systems de Fibres Positron, we together with Quorum Growth Inc. and Innovatech, invested the first seed capital in the company in August 1995.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Broadband Networks Inc

Winnipeg, Canada

Broadband Networks Inc. was a leader in the design and manufacture of broadband wireless networks operating at frequencies of between 2 and 42 gigahertz (GHz). Founded in 1994, BNI skyrocketed in 3 short years in this expansive new market sector - deploying systems in Canada, U.S., Europe, Asia and Latin America.

Buy -