The move marks Healthium’s strategic decision to focus on innovation and expansion in the organisation's core growth areas. The company will continue to remain in the UK through its surgical consumables portfolio.
Healthium Medtech receive CE clearance under the EU MDR norms, the company establishes its commitment of highest safety and quality standards in the implantable medical devices sector.
CareNow is Healthium’s third acquisition in the year 2021. Earlier this year, Healthium had acquired the AbGel business in India and VitalCare in the United Kingdom to expand its surgical and post-surgical care portfolio.
Manufactured at Kunigal, Karnataka, these AMGs are made from a patented technology using a quaternary ammonium compound that the company said in a statement kills microbes and provides 99.99 per cent protection for healthcare professionals and patients up to eight hours.
Private equity and venture capital investments in April were up 23 per cent at USD 2.4 billion, backed by large deals in sectors like e-commerce and life sciences, says an EY report
This will be London-headquartered Apax’s second healthcare deal in India after its 2007 India debut with an investment in Apollo Hospitals Enterprises.
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