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M&A Deal Summary

Innovia Medical Acquires Summit Medical

On July 11, 2017, Innovia Medical acquired medical products company Summit Medical from Shore Capital Partners

Acquisition Highlights
  • This is Innovia Medical’s 1st transaction in the Medical Products sector.
  • This is Innovia Medical’s 1st transaction in the United States.
  • This is Innovia Medical’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2017-07-11
Target Summit Medical
Sector Medical Products
Buyer(s) Innovia Medical
Sellers(s) Shore Capital Partners
Deal Type Merger

Target

Summit Medical

St. Paul, Minnesota, United States
Summit Medical is a medical device manufacturer that designs, engineers and manufactures microsurgery products.

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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 1 of 9
Sector: Medical Products M&A 1 of 9
Type: Merger M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 7
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Network Medical Products

Ripon, United Kingdom

Network Medical Products is a designer and manufacturer of sterile single-use products for ENT and Ophthalmic procedures. Network Medical Products was founded in 1997 and is based in Ripon, United Kingdom.

Buy -

Seller(S) 1

SELLER

Shore Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 9.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Shore Capital Partners is a private equity group focused on opportunities in healthcare, food/beverages, and business services. Specific healthcare areas of interest include infusion therapy, laboratory services, laboratory products/distribution, outpatient rehab therapy, and behavioral health. Shore looks to invest in proven businesses with stable cash-flows and 'significant' growth potential. Prospective companies typically have $5 to $100 million in sales and $1 to $10 million of EBITDA. Shore Capital was formed in 2009 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 17
Sector: Medical Products M&A 1 of 4
Type: Merger M&A Deals 1 of 4
State: Minnesota M&A 1 of 2
Country: United States M&A 4 of 17
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-05 Behavioral Innovations

Addison, Texas, United States

Behavioral Innovations provides center-based and in-home applied behavior analysis therapy, speech therapy, and occupational therapy services to children ages birth through 18 with autism spectrum disorder and other related developmental disabilities. BI also offers adult services in community-based treatment settings. Behavioral Innovations was formed in 2000 and is based in Addison, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 Community Care Partners

Eugene, Oregon, United States

Community Care Partners is a provider of healthcare in both rural and suburban markets and operates over 90 urgent care centers. CCP’s services includes the treatment of fractures/ lacerations, basic lab work, occupational health, infection treatment, X-ray, travel vaccines. Community Care Partners is based in Eugene, Oregon.

Buy -
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