ProTek acquired by Molex
Covington Associates, LLC acted as financial advisor to ProTek Medical Ltd., an Ireland-based outsourced provider of design, development and manufacturing services for medical device companies, in its acquistion by Molex, Inc., a provider of electronic components and solutions. >Press Release
Pharmalucence acquired by Sun Pharmaceuticals
Covington Associates, LLC acted as financial advisor to Pharmalucence, Inc., a Massachusetts based manufacturer of sterile injectable pharmaceuticals, in its sale to Sun Pharmaceutical Industries Ltd., an India based specialty pharmaceutical company. >Press Release
P.J. Noyes acquired by Nipro Diagnostics
Covington Associates, LLC announced its role as financial advisor to P.J. Noyes Company, Inc., a leading contract manufacturer and packaging company specializing in high quality pharmaceuticals and personal care products. Covington acted as exclusive M&A advisor to P.J. Noyes in its acquisition by Nipro Diagnostics, a Fort Lauderdale, FL based manufacturer and marketer of blood glucose monitoring products and diabetes management supplies. >Press Release
Covington Associates advises Fluxion Biosciences on $12 Million Capital Raise
Covington Associates announced it acted as exclusive financial advisor to Fluxion Biosciences on its $12 million Series C capital raise led by Signet Healthcare Partners. Existing investors Claremont Creek Ventures and Kodiak Venture Partners also participated in the round. Fluxion Biosciences is a developer and manufacturer of systems and microfluidic consumables for running functional cell-based assays.
J-PAC / JPMD acquired by The Cypress Group
Covington Associates acted as the sell-side advisor to J-PAC / JPMD, a contract manufacturing and packaging company for the medical device industry in its sale to The Cypress Group., a global Business, Management, and Performance Improvement Consulting firm.
Inverness Medical Innovations has acquired IVC
Inverness Medical Innovations, Inc., (AMEX: IMA), is a publicly-held manufacturer and seller of products focused on the women's health and nutritionals market. Covington Associates advised Inverness in its acquisition of IVC Industries, Inc., (OTC BB:IVCO.OB), a manufacturer and seller of vitamin and nutritional supplement products primarily in the private label market segment.
Memry acquired by SAES Getters
Covington Associates announced today it acted as financial advisor to Memry Corporation (AMEX: MRY), a provider of design support, engineering, development and manufacturing services to the medical device industry and other industries using the company's proprietary technologies, in its sale to SAES Getters. This is the fifth in a series of recent transactions that Covington Associates has advised on in the outsourced manufacturing space.
Inverness Medical Innovations has acquired HemoSense, Inc.
Covington Associates has acted as advisor to Inverness Medical Innovations, Inc. (AMEX: IMA) in its agreement to acquire Hemosense, Inc. (AMEX: HEM), a point-of-care diagnostic healthcare company that manufactures and sells easy-to-use, handheld blood coagulation systems for monitoring patients taking warfarin.
TNCO acquired by Symmetry Medical
Covington Associates LLC acted as financial advisor to TNCO, an outsourced manufacturer of precision surgical instruments, in its sale to Symmetry Medical (NYSE: SMA), a leading medical device contract manufacturer to the orthopedic market. This transaction is Covington Associates' fourth in the medical device contract manufacturing space.
J-PAC LLC acquired by Riverside Partners
Covington Associates LLC acted as the exclusive sell-side advisor to J-PAC LLC, a contract manufacturing and packaging company for the medical device industry in its sale to Riverside Partners LLC, a Boston-based middle market private equity firm focused on technology and healthcare.
Inverness Medical Innovations has acquired Binax
Covington Associates advised Inverness Medical Innovations, a manufacturer and seller of consumer and professional diagnostic products on the acquisitions of Binax, Inc., a manufacturer of rapid diagnostic tests focused on the respiratory system and Ischemia Technologies, Inc., a developer of a diagnostic test for cardiac ischemia.
Millstone Medical Outsourcing acquired by Boulder Brook Partners and Schooner Capital LLC
Millstone Medical Outsourcing, Inc. provides outsourced solutions to medical device manufacturers including assembly, packaging and product inspection. Covington Associates advised Millstone in its sale to Boulder Brook Partners LLC, a Wellesley, MA-based private investment company, and Schooner Capital LLC, a Boston-based private equity investment firm.
Horizon Medical acquired by Avail Medical Products
Horizon Medical, Inc. is a privately-held provider of outsource development and manufacturing services for the single-use medical products markets. Covington Associates advised Horizon Medical, Inc. in its sale to Avail Medical Products, Inc., a leading full-service manufacturer of medical disposables.
Selfcare has acquired American Home Products
Selfcare, (AMEX:SLF) was a publicly-held developer, manufacturer and marketer of innovative products focused primarily on diabetes self-management. Covington Associates advised Selfcare in the acquisition of certain nutritional product supplement lines from American Home Products Corporation. The lines included StressTabs, Posture, Ferro-Sequels, and Protegra.