M&A Deal Summary

iuvo Acquires iuvo BioScience - Ethylene Oxide Contract Sterilization Operation

On December 19, 2016, iuvo acquired life science company iuvo BioScience - Ethylene Oxide Contract Sterilization Operation from Cosmed

Acquisition Highlights
  • This is iuvo’s 1st transaction in the Life Science sector.
  • This is iuvo’s 1st transaction in the United States.
  • This is iuvo’s 1st transaction in New York.

M&A Deal Summary

Date 2016-12-19
Target iuvo BioScience - Ethylene Oxide Contract Sterilization Operation
Sector Life Science
Buyer(s) iuvo
Sellers(s) Cosmed
Deal Type Divestiture

Target

iuvo BioScience - Ethylene Oxide Contract Sterilization Operation

Rush, New York, United States
iuvo BioScience LLC - Ethylene Oxide Contract Sterilization Operation is a provider of life science products.

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Buyer(S) 1

Buyer

iuvo

Rush, New York, United States

Category Company
Founded 1978
Sector Life Science
DESCRIPTION

iuvo is a partner research organization (PRO) serving the medical device and pharmaceutical industries. iuvo offers technical and regulatory consulting services, contract laboratory services, and contract sterilization out of its two locations, in Rush, New York, and Erie, Pennsylvania. iuvo was founded in 1978 and is based in Rush, New York.


DEAL STATS #
Overall 1 of 2
Sector: Life Science M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2016 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-18 Promedica International

Costa Mesa, California, United States

Promedica International is a specialty ophthalmology-focused clinical CRO. The combined organization will support all aspects of ophthalmic clinical research, from front of the eye to back of the eye, leveraging an even larger team of experts with centuries of collective experience in ophthalmology. Promedica International is based in Costa Mesa, California.

Buy -

Seller(S) 1

SELLER

Cosmed

Jamestown, Rhode Island, United States

Category Company
Founded 1980
Sector Healthcare Services
Employees150
DESCRIPTION

Cosmed's services included sterilization of medical devices, cosmetics, pharmaceuticals, and food. The company also offered fumigation treatment of fruits and vegetables. Cosmed built on an initial expertise in 100% ethylene oxide gas-based sterilization technology and offered an array of sterilization services. The company grew to eight plants and more than 150 employees.


DEAL STATS #
Overall 2 of 2
Sector: Life Science M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-07 Cosmed Facilities

United States

Cosmed Facilities is a provider of contract sterilization services to medical supply, consumer and industrial customers.

Sell $73M