About the Deal
DIVERSATEK INC., located in Milwaukee, Wisconsin, is a holding company with subsidiaries in the medical and medical technology markets. MEDOVATIONS INC., founded in 1982, manufactures medical devices for the gastroenterology, laparoscopy, neurology and plastic surgery fields.
SANDHILL SCIENTIFIC INC., located in Highlands Ranch, Colorado, with manufacturing operations in Ho Chi Minh City, Vietnam, is a recognized market leader in GI Diagnostics. Sandhill distinguished itself as the pioneer of multichannel intraluminal impedance, which revolutionized testing for Gastroesophageal Reflux Disease (GERD) and swallowing disorders.
The acquisition of Sandhill enhances Medovations’ global footprint and expands its presence within the GI Endoscopy market, now providing a comprehensive range of products for use in both diagnostic and therapeutic GI applications.
BRIDGEWOOD ADVISORS initiated this transaction, assisted in negotiations and acted as exclusive financial advisor to Diversatek Inc.