Hydrofera co-founder Tom Drury and a group of investors have bought back the Hydrofera business from Hollister.
The sale closed Jan. 31, according to a news release out yesterday. Financial terms were not disclosed.
The company ‘s Hydrofera Blue offerings are polyvinyl alcohol (PVA) foam products for medical applications.
Drury had stayed on as Hydrofera’s COO after Hollister bought the business in 2012. He retired from the company in July 2016. He’ll now serve as the c0mpany’s CEO.
“Hollister Inc. expanded the reach of Hydrofera Blue and provided an excellent platform for continued growth and success of the brand,” Drury said in a news release. “I am extremely excited to be back at the helm and look forward to continuing the success and innovation that is synonymous with Hydrofera Blue. Our pledge is to provide our patients with products to improve outcomes, and provide our customers and distributors with the dedication and service they deserve.”
Hollister will continue to provide customers with wound care products, including Hydrofera Blue, until Manchester, Conn.–based Hydrofera starts distribution. Hydrofera’s new ownership is focused on making sure the deal does not disrupt service to customers.
