Financial terms of the deal were not disclosed.
Medisize BV is a manufacturer specializing in a wide array of respiratory and anesthesia products for critical care, neonatology, emergency, homecare and radiology. It has operations in the Netherlands, and subsidiaries in Germany and Italy.
The deal does not include Hudson, Wis.–based Phillips-Medisize’s contract manufacturing and design consultancy businesses in the Netherlands, Czech Republic or elsewhere.
“We believe this is a very positive transaction for both Flexicare and Phillips-Medisize,” Phillips-Medisize CEO Matt Jennings said in a news release. “The airway management business closely aligns with Flexicare’s vision. Flexicare’s strength and presence in this market makes them well-positioned to fully leverage the talent and expertise of the airway management team in continuing to provide innovative airway management solutions.”
For Flexicare, the purchase enables the company to have an enhanced presence in mainland Europe through Medisize BV’s sales and distribution networks.
“This transaction underscores our commitment across Europe to be a leader in airway management and anaesthesia, with the ability to deliver and service the market at scale,” said Flexicare managing director Hash Poormand.