CALEDONIA—Officials of Aspen Surgical Products Inc., a Caledonia-based provider of surgical disposable products, announced the acquisition of Coralville, Iowa-based Protek Medical Products Inc.
Protek manufactures single-use ultrasonic probe covers and needle guides used in tissue biopsies, fluid aspiration, and vascular access procedures, as well as protective covers for medical instruments and equipment.
The acquisition of Protek strengthens Aspen’s broad portfolio of medical and patient and staff safety products sold into hospital and surgery center markets. This includes Protek’s patented Pull-Up probe cover technology, which helps support efficiency in the clinical environment.
“Protek Medical has a long, successful history of providing effective, easy-to-use disposable products that help address cross-contamination issues in the clinical environment,” said Jason Krieser, CEO of Aspen Surgical. “This line is clearly synergistic with our current manufacturing and commercial operations and it supports our mission to provide high quality single-use medical devices that improve safety and efficiency for the healthcare settings that we serve.”
Added Protek CEO Rick Pruter: “This will not only broaden our customers’ access to consumable product offerings, but also expand our new product development opportunities. Aspen’s goals align directly with our vision of optimizing patient safety in the imaging market.”
Established in 1999, Aspen Surgical manufactures a wide variety of medical products, including Bard-Parker blades and scalpels, Precept personal protective equipment, surgical marking pens, orthopedic positioners, basic wound care and instrument care products. It has plants in Caledonia, along with Las Piedras, Puerto Rico, and Agua Prieta, Mexico. The company is funded by the Boston private equity firm Audax Group, which has rasied more than $26 billion since its 1999 founding. More at www.aspensurgical.com and www.audaxgroup.com.