Canadian Hospital Specialties has been acquired by Cortec Group
Canadian Hospital Specialties Ltd. (CHS), a portfolio company of Hammond, Kennedy, Whitney & Co., Inc. (HKW), has been sold to Cortec Group, a private equity firm, which has recapitalized CHS along with senior management led by the Enns family. Financial terms of this transaction had not been disclosed.
CHS is a leading manufacturer, marketer and distributor of disposable medical and surgical devices primarily to the Canadian hospital market. Founded in 1967, CHS manufactures and sells its own MED-RX® branded products and markets devices under exclusive relationships with third party OEMs.
Cortec Group was founded in 1984 and is based in New York. The company invests in middle market healthcare, consumer, and specialty products, service and distribution businesses.
HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 44 platform management buyouts of lower middle-market companies throughout North America as well as 47 add-on acquisitions.
One of Oaklins' teams in the USA served as the exclusive financial advisor to the seller in this transaction.
Talk to the deal team
Michael S. Goldman
Oaklins TM Capital
Paul R. Smolevitz
Oaklins TM Capital
Related deals
iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.
Learn moreChequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector
Chequers Partenaires S.A., acting as the management company of the private equity fund Chequers Capital XVIII SLP, together with management, has completed the acquisition of 100% of the share capital of Gourmet Italian Food S.p.A. (GIF). The company was previously owned by Alcedo SGR S.p.A. through the Alcedo IV Fund, FVS SGR S.p.A. through the Sviluppo PMI Fund, and minority shareholders.
Learn morePharma-Skan & Skan-Medic have been acquired by Brygge Partners
Pharma-Skan, an independent contract manufacturing organization (CMO), and Skan-Medic, a manufacturer of over-the-counter (OTC) products, both operating as a joint entity, have been acquired by Brygge Partners.
Learn more