Manhattan, New York-based Global investment firm KKR announced a commitment of approximately $200 million to deepen its presence in India's rapidly growing medical devices industry. This investment is being channeled primarily through Healthium MedTech, KKR's India-based medical device platform, which it had acquired last year for roughly $840 million. Key...
Healthium Medtech Gets CE Certification under EU MDR Norms
Bangalore, India-based Healthium Medtech a global company focused on products used in surgical, post-surgical and chronic care, received the new EU Certification under the European Union's Medical Device Regulation. (EU MDR) The EU MDR requires stricter compliance, increased vigilance, robust complaint handling, regular customer and product feedback procedures, trend reporting...
U.K.'s Apax Partners Acquires India's Healthium Medtech
London-headquartered Apax Partners acquired Bangalore-based Healthium Medtech in a deal worth approximately $350 million. (In mid-March I had mentioned that this deal was in the offing.) Healthium is India's largest medical consumables and surgical sutures company. It also owns Quality Needles and U.K.-based Clini Supplies. "Healthcare is a key focus...
Britain's Apax Partners to Acquire India's Healthium Medtech
British private equity firm Apax Partners LLP., headquartered in London, England, is set to acquire India’s largest surgical and wound care products maker Healthium Medtech (formerly Sutures India) in a deal estimated at $400 million. San Francisco- and Fort Worth-headquartered private investment firm TPG that held a 73% share in Healthium,...