12.12.14
According to equity firm Healthpoint Capital LLC, Cardinal Health has acquired Emerge Medical, an orthopedic trauma products manufacturer. Earlier this year during its earnings conference call for the first quarter of fiscal year 2015, Cardinal executives discussed its investment in the Denver, Colo.-based company.
“We see the trauma space as an area of low clinical differentiation and weak standardization,” said Cardinal Chairman and CEO George S. Barrett during the call. “And with that in mind, we invested in a business called Emerge Medical last year [2013]. That product line has been increasing. In the past quarter, we assumed ownership of Emerge Medical to strengthen our position in orthopedics. This will allow us to launch a full line of trauma products late in this fiscal year and into early FY2016, while building credibility with key institutions over the coming months.”
Cardinal launched a line of orthopedic technology in July this year, and at that time began a “strategic partnership” with Emerge. The acquisition of the company, and its places to launch a full line of trauma products, strengthens Cardinal's position in orthopedics.
Cardinal Health is based in Dublin, Ohio.
“We see the trauma space as an area of low clinical differentiation and weak standardization,” said Cardinal Chairman and CEO George S. Barrett during the call. “And with that in mind, we invested in a business called Emerge Medical last year [2013]. That product line has been increasing. In the past quarter, we assumed ownership of Emerge Medical to strengthen our position in orthopedics. This will allow us to launch a full line of trauma products late in this fiscal year and into early FY2016, while building credibility with key institutions over the coming months.”
Cardinal launched a line of orthopedic technology in July this year, and at that time began a “strategic partnership” with Emerge. The acquisition of the company, and its places to launch a full line of trauma products, strengthens Cardinal's position in orthopedics.
Cardinal Health is based in Dublin, Ohio.