Clinical Innovations (Salt Lake City) recently announced that it has acquired French company MVF Disposables. The financial details of the deal were not disclosed.
Clinical Innovations recently expanded into Germany, Australia and China to strengthen its presence in Europe. The new acquisition, based in Nancy, France, will operate as a wholly-owned subsidiary of Clinical Innovations.
“Our growth is driven by our focus on improving outcomes for mothers, babies and physicians around the world,” Ken Reali, president and CEO of Clinical Innovations, said in a press release. “Philippe Evard, president of MVF, has built his medical device company into a first-rate organization. Adding it to the Clinical Innovations portfolio perfectly supports our goals and positions us to grown even more in the French and European markets. We look forward to welcoming the MVF Disposables team and working with them to continue our expansion.”
According to the company, France has some of the highest healthcare spending in Europe at €240 billion per year. The French acquisition offers Clinical INnovations the chance to directly expand its footprint in a large market.
“We are please to add another beachhead to our growing direct sales force,” Steve Cash, senior VP of global sales, said. “I look forward to working with Glenn Weatherley, general manager of Clinical Innovations Europe, and the rest of his team to develop and strengthen our business in France.”