Aspen Investment to Bolster Healthcare Provider Safety Portfolio
CALEDONIA, Mich.–(BUSINESS WIRE)–Aspen Surgical Products, Inc. (“Aspen”), a leader in surgical disposable products, announced the acquisition of BlueMed Medical Supplies, Inc. (“BlueMed”).
BlueMed is a manufacturer of high-quality, cost-effective disposable shoe covers and other personal protection products based in Montreal, Canada. Their products are used in healthcare, pharmaceutical, and lab facilities where infection prevention and cross-contamination are paramount concerns. The acquisition of BlueMed strengthens Aspen’s broad portfolio of surgical disposables and patient and staff safety products sold into the acute care market.
“BlueMed is a highly synergistic fit for Aspen in terms of manufacturing and commercial operations,” said Jason Krieser, CEO of Aspen. “Coming shortly after our acquisitions of both Precept Medical and Protek Medical, the BlueMed offering further enhances our portfolio of high-quality products that address infection prevention in the acute care environment at a time when reducing cross-contamination has never been more important.”
“We are very excited to join forces with Aspen and contribute over a decade of product and automation development in the shoe cover business,” said Michel Kassar, president of BlueMed. “Our complementary businesses will create a stronger and more diversified offering across a wide spectrum of industries and solidifies our presence as a North American leader in the PPE business.”
About Aspen Surgical Products, Inc.
Established in 1999, Aspen is a leading manufacturer of surgical disposables focused on improving patient and healthcare provider safety and efficiency in the hospital and surgery center environment. The company’s extensive portfolio includes Bard-Parker® blades and scalpels, Precept® personal protective equipment, Protek® probe covers and needle guides, surgical marking pens, orthopedic positioners, basic wound care, and instrument care products. Aspen facilities in Caledonia Michigan, Las Piedras Puerto Rico, Coralville, Iowa, and Agua Prieta, Mexico offer vertically integrated, North American manufacturing capabilities including injection molding, sewing, ultrasonic welding, die cutting, automated assembly, and packaging as well as blade stamping, grinding, and finishing. Aspen Surgical products are sold through a strong, integrated channel which includes a corporate accounts team working synergistically with a field sales organization, along with a close distributor and kit-packer network. Backed by Audax Private Equity, Aspen is poised for both organic growth and growth through acquisition. For more information please visit: www.aspensurgical.com.
About Audax Private Equity
Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $27 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $6 billion in more than 135 platforms and over 925 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, please visit the Audax Group website www.audaxgroup.com.
Mary Hannon, Vice President of Marketing and Communications