Cantel boosts its presence in GI endoscopy for $100M
Looking to grow its presence in the gastrointestinal (GI) endoscopy business, infection-control giant Cantel Medical has acquired Texas neighbor Byrne Medical, which develops disposable infection-control products used in GI endoscopies.The purchase price was $100 million.
The merger allows Cantel’s approximate 80 sales consultants to offer GI specialists the means to mitigate infection risks across the "endoscopy-procedure cycle,” stated the company.
Cantel also will purchase Byrne property and facilities to develop a disposables manufacturing operation in Houston, according to the statement.
Don Byrne, founder and principal owner of the company that bears his name, will become a Cantel employee. He agreed to a three-year contract and a separate non-compete agreement.
Cantel made the acquisition through Medivators, a business group of Cantel subsidiary Minntech, which has its headquarters and major manufacturing operations in Minneapolis. Medivators designs, manufactures and markets a range of endoscope supplies, including devices and accessories.
The merger allows Cantel’s approximate 80 sales consultants to offer GI specialists the means to mitigate infection risks across the "endoscopy-procedure cycle,” stated the company.
Cantel also will purchase Byrne property and facilities to develop a disposables manufacturing operation in Houston, according to the statement.
Don Byrne, founder and principal owner of the company that bears his name, will become a Cantel employee. He agreed to a three-year contract and a separate non-compete agreement.
Cantel made the acquisition through Medivators, a business group of Cantel subsidiary Minntech, which has its headquarters and major manufacturing operations in Minneapolis. Medivators designs, manufactures and markets a range of endoscope supplies, including devices and accessories.
Dave P. has worked in journalism, marketing and public relations for more than 30 years, frequently concentrating on hospitals, healthcare technology and Catholic communications. He has also specialized in fundraising communications, ghostwriting for CEOs of local, national and global charities, nonprofits and foundations.