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
Hemink Groep has been acquired by Gimv
Gimv has acquired a majority stake in Hemink, a Dutch specialist in real estate renovation and maintenance. This transaction marks a new chapter for Hemink, as it seeks to expand its position as a national leader in sustainable property services through its new partnership with Gimv.
Learn moreOGD has been sold to Building Beyond Technology Group
Building Beyond Technology Group (BBTG) strengthens its position in the IT sector by welcoming OGD IT-Dienstverlening (OGD) to its platform. With over 1,400 employees, OGD is an established name in the Dutch market as a mission-critical IT service provider for large-scale clients. This addition not only increases BBTG’s scale but also enhances its domain expertise and execution capabilities through close cooperation with the other platform companies.
Learn moreThe Providence Projects has been acquired by UKAT Group
Celebrity-success rehabilitation center, The Providence Projects, has joined The UK Addiction Treatment (UKAT) Group, backed by Sullivan Street Equity Partners.
Learn more