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
TEAM Safety Services Limited has been acquired by Vadella Group
TEAM Safety Services Limited, a leading UK-based health, safety and fire safety consultancy, has been acquired by Vadella Group, a specialist provider of inspection-led compliance services for the built environment.
Learn moreMEDIK Hospital Design Group has been acquired by STERIS
The private shareholders of MEDIK Hospital Design Group have sold their shares to STERIS plc. Together, MEDIK and STERIS will expand their offerings for hospitals and ambulatory surgery centers worldwide. MEDIK’s solutions ideally complement STERIS’ existing portfolio, enabling the combined group to strengthen its position as a leading provider of turnkey room solutions in surgical and IPT environments. The MEDIK management team will actively support the next phase of growth.
Learn moreSunrise Eggs has been acquired by Agrova International
Sunrise Eggs, one of the UK’s best-established independent egg producers and distributors, has joined Agrova International AS, a European poultry and agri-foods group.
Learn more