M&A Deal Summary

ECGI Holdings Acquires East West Pharma Group

On February 16, 2023, ECGI Holdings acquired medical products company East West Pharma Group

Acquisition Highlights
  • This is ECGI Holdings’ 1st transaction in the Medical Products sector.
  • This is ECGI Holdings’ 1st transaction in India.

M&A Deal Summary

Date 2023-02-16
Target East West Pharma Group
Sector Medical Products
Buyer(s) ECGI Holdings
Deal Type Add-on Acquisition

Target

East West Pharma Group

Salem, India
East West Pharma Group is specialized equipment and experienced personnel, including leaders in the cannabinoid extraction and product manufacturing space. East West Pharma Group is based in Salem, Tamil Nadu.

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Buyer(S) 1

Buyer

ECGI Holdings

Los Angeles, California, United States

Category Company
Sector Medical Products
Employees1
DESCRIPTION

ECGI Holdings is a developer of medical diagnostic equipment that focuses on the detection, and preventive treatment, of high-risk diseases. The Company’s core product isNowCardio, an advanced Advanced Ambulatory Arrhythmia Monitoring System monitor which offers the combined functionality of holter monitoring, event recording, and mobile cardiac telemetry simultaneously within in a single device. ECGI Holdings is headquartered in Los Angeles, United States.


DEAL STATS #
Overall 2 of 2
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: India M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-07 National Cardiac Monitoring Center

Glenelg, Maryland, United States

National Cardiac Monitoring Center, Inc. is a FDA-registered independent diagnostic testing facility (IDTF), has been providing cardiac diagnostic services since 1986. It provides a range of cardiac monitoring modalities including Mobile Cardiac Telemetry (MCT), wireless and trans-telephonic cardiac event monitoring (CEM), 24/48-hour digital Holter monitoring with data transmission to NCMC, 24-hour ABP monitoring, full time and off-hours monitoring, and triage. The facility can receive any number of patient calls simultaneously, with patients receiving immediate, one-on-one service every time they call. NCMC will be used by EventCardio to introduce its NowCardio™ heart monitoring system in the U.S. upon clearance by the FDA and will serve as the Company’s U.S. data monitoring center.

Buy $5M