M&A Deal Summary

Innovia Medical Acquires Lacrimedics

On November 3, 2021, Innovia Medical acquired medical products company Lacrimedics

Acquisition Highlights
  • This is Innovia Medical’s 6th transaction in the Medical Products sector.
  • This is Innovia Medical’s 4th transaction in the United States.
  • This is Innovia Medical’s 1st transaction in Washington.

M&A Deal Summary
Date 2021-11-03
Target Lacrimedics
Sector Medical Products
Buyer(s) Innovia Medical
Deal Type Add-on Acquisition

Target

Lacrimedics

DuPont, Washington, United States
Lacrimedics is a manufacturer and distributor of occlusion therapy devices for the treatment of Dry Eye Disease and underlying symptoms for almost 40 years. The company has established itself as a respected manufacturer and global supplier in the ophthalmic space. Lacrimedics was formed in 1984 and is based in DuPont, Washington.

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Buyer(S) 1

Buyer

Innovia Medical

St. Paul, Minnesota, United States
Category Company
Founded 2015
Sector Medical Products
DESCRIPTION

Innovia Medical is a developer and manufacturer of products including ear, nose, and throat (ENT), Tissu-Trans, InstruSafe Instrument Protection Trays and Care + Maintenance Products, EarPopper and Minne Ties Agile MMF products. Innovia Medical was founded in 2015 and is based in St. Paul, Minnesota.

DEAL STATS #
Overall 6 of 7
Sector (Medical Products) 6 of 7
Type (Add-on Acquisition) 5 of 6
State (Washington) 1 of 1
Country (United States) 4 of 5
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-25 DTR Medical

Swansea, United Kingdom

DTR Medical Ltd. specializes in the design and manufacture of single-use surgical instruments for general and specialist surgical procedures. Exporting to over 30 countries DTR Medical Ltd. has built its reputation on consistently high product quality alongside its exceptional customer service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-16 Apdyne Medical

Denver, Colorado, United States

Apdyne Medical is a manufacturer and marketer of phenol application kits used to anesthetize the tympanic membrane during in-office myringotomy procedures. Apdyne Medical was founded in 1988 and is based in Denver, Colorado.

Buy -
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