IZI Medical picks up Cook Medical ’ s Quick-Core biopsy and breast localization needle assets

IZI Medical Products extended its M&A spree today with the acquisition of a set of biopsy and breast localization needles from Cook Medical for an undisclosed amount. Last September YY-based IZI picked up Benvenue Medical’s vertebral augmentation portfolio, also for an undisclosed amount; in May 2017, the company paid an unspecified price for Cook’s vertebroplasty devices, including the Duro-Ject Osteo-Site, Osteo-Force and Vertefix brands. The latest deal with Cook includes the Quick-Core biopsy needle, MReye breast localization coil and the Kopans and X-Reidy lesion localization needles, IZI said. The company is owned by Shore Capital. “This represents IZI’s third add-on acquisition in the last 18 months and significantly adds to our world-class portfolio of minimally invasive diagnostic and therapeutic products for the interventional radiology market,” CEO Greg Groenke said in prepared remarks. “Cook has done a wonderful job over the last several decades establishing these products as leading brands in their space. We are excited to increase the market penetration of these products through significant investment in domestic and international selling resources, select product enhancements, and new product development. These products are complementary to the line of Osteo-Site needles that IZI acquired from Cook in 2017.” “IZI is strategically focused in diagnostic and therapeutic areas with imaging modalities, which wi...
Source: Mass Device - Category: Medical Devices Authors: Tags: Featured Mergers & Acquisitions Wall Street Beat Women's Health Cook Medical IZI Mecial Products LLC Source Type: news