M&A Deal Summary

Canadian Hospital Specialties Acquires Velmed

On January 31, 2022, Canadian Hospital Specialties acquired medical products company Velmed

Acquisition Highlights
  • This is Canadian Hospital Specialties’ 1st transaction in the Medical Products sector.
  • This is Canadian Hospital Specialties’ 1st transaction in the United States.
  • This is Canadian Hospital Specialties’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2022-01-31
Target Velmed
Sector Medical Products
Buyer(s) Canadian Hospital Specialties
Deal Type Add-on Acquisition
Advisor(s) FOCUS Investment Banking (Financial)

Target

Velmed

Bluffton, South Carolina, United States
Velmed is a manufacturer of medical devices for the Operating Room and Sterile Processing Department. The company is focused on specialty medical devices for the Hospitals, Surgery Centers and Clinics. It is committed to providing our customers with excellent customer service support. We distribute our products worldwide, through a network of Specialty Surgical and Sterile Processing Distributors. Velmed was formed in 1994 and is based in Bluffton, South Carolina.

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Buyer(S) 1

Buyer

Canadian Hospital Specialties

Oakville, Ontario, Canada
Category Company
Sector Medical Products
DESCRIPTION

Canadian Hospital Specialties manufactures, sells, markets, and distributes disposable medical and surgical products primarily to the Canadian hospital market. Canadian Hospital Specialties is based in Oakville, Ontario.

DEAL STATS #
Overall 2 of 4
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-03 Inter V Medical

Montreal, Quebec, Canada

Inter V Medical, Inc. is a medical product distributor that specializes in radiology and interventional cardiology and supplies for angiography, oncology and urology departments, as well as catheterizations labs and operating rooms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 Respan Products

Ontario, Canada

Respan Products is a manufacturer of single-use medical devices, focusing on oxygen and aerosol therapy. Respan's in-house design and manufacturing have enabled the creation of many innovative products including the Tavish Filter Mask which limits viral and bacterial transmission, as well as the Jemsdal mask which provides CO2 monitoring capability for non-intubated patients. Respan Products was formed in 1981 and is based in Ontario, Canada.

Buy -
Mergr

Product

Company

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