Mumbai, India: Healthium, a global player in medical devices, announced that it has acquired VitalCare Group, a manufacturer of urology consumable care products, through its subsidiary Clinisupplies Ltd. This acquisition will help Healthium expand its urology franchise in Europe and other developed markets.
Healthium has a diverse portfolio of medical devices and consumables, which includes surgical sutures, needles, a patented arthroscopy portfolio, urology portfolio, hernia meshes, haemostats, gloves, ligation clips, surgical staplers and other wound closure devices. The Company holds 60 patents in India and U.S (including those under process).
VitalCare is a manufacturer of urology consumable care products, with relationships with healthcare customers worldwide. The company is headquartered in U.K. with manufacturing operations in China.
With the acquisition of VitalCare, Healthium adds to its manufacturing capabilities in urology and boosts its in-house R&D, which will strengthen its presence in the urology segment in Europe and the U.S. Mr. Lewis Calcutt, Managing Director, VitalCare will continue with the company, building on its global presence and creating a truly differentiated product portfolio.
Commenting on the acquisition Mr. Anish Bafna, MD & CEO, Healthium Medtech said, “It is our ambition to cater to needs of India and the world when it comes to quality medical devices and consumables. We continue to invest in R & D as we aim to make products that address unmet needs of patients and medical professionals. The acquisition of VitalCare will bring together global talent, diverse cultures, differentiated expertise, strengthen our product portfolio and presence in Urology care to drive continuous value for our customers. The combined leadership and synergies in offerings from both companies will further strengthen distribution, offer more choices to our customers and enable us to deliver better patient care worldwide.”
Mr. Paul Cook- CEO Clinisupplies also added, “Given the rapid changes we are witnessing in the global healthcare system, the time is right for both companies to join forces and take on the larger market opportunity. The acquisition will help us expand our footprint in Europe and U.S. Together, we will continue to focus on bringing forward best in class and innovative solutions that will continue to redefine urology care.”
Mr. Lewis Calcutt, Managing Director, VitalCare said, “We are extremely excited about our association and are looking forward to expanding our urology care portfolio under the leadership of Healthium. This relationship will be a strong contributor to our growth and give us access to attractive geographies.”
