Halyard Health Inc (Alpharetta, GA) agreed to acquire privately held CORPAK MedSystems (Buffalo Grove, IL) in an all-cash transaction for a total consideration of $174 million. Corpak, a portfolio company of Linden Capital Partners (Chicago, IL), develops, manufactures, and markets a broad portfolio of high-quality, branded enteral-access devices. According to a release, the company’s leading portfolio of nasogastric tubes complements Halyard’s existing enteral feeding products and creates a complete offering of enteral feeding solutions for patients and caregivers. Transaction closing is subject to approval under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions and is expected to close in Q2 2016.
Market Pulse transactions shown herein are provided as a matter of public record. These transactions have been compiled from press releases, corporate announcements and other public sources to provide an overview of acquisition and merger activities within the healthcare and life sciences sectors.