The deal, announced yesterday, is meant to bolster Clinical Innovations’ position in Australia. JB Medical Supplies will operate as a wholly owned subsidiary of Clinical Innovations.
Financial terms of the deal were not disclosed.
Clinical Innovations purchased JB Medical Supplies from the family of the late Dr. Aldo Vacca, who pioneered the vacuum method for operative vaginal delivery.
“The Vacca family is a leader in the world of obstetrics whose work has improved the lives of countless mothers and babies across the globe,” Ken Reali, president and CEO of Clinical Innovations, said in a news release. “Partnering with them on this deal is an honor and having JB Medical as part of our company will accelerate our growth in Australia.”
Clinical Innovations — with its products including the Ebb complete tamponade system, Traxi panniculus retractor and BabyLance safety heel stick — has a presence in more than 90 countries. The company has quickly expanded into new territories in recent years, including the Southeast Asia market.
Clinical Innovations is owned by investment firm EQT.