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MedPlast Closes Acquisition and Rebrands as Viant
Thursday 12 July 2018

12 July 2018 - US-based medical device industry services provider MedPlast, LLC has completed the acquisition of US-based medical device outsource manufacturer Integer Holding Corp.'s Advanced Surgical and Orthopedics business, the company said.

Under the deal, MedPlast paid USD 600m in cash for the business.

MedPlast also said that it will rebrand under the name, Viant, to reflect the company's new strategic direction.

The company has bolstered its portfolio of end-to-end solutions in the medical technology space with three acquisitions in the past 15 months.

With the company's most recent acquisition of Integer's AS and O business, MedPlast doubles in size to nearly USD 1bn in sales, expands its metals capabilities and extends its global footprint into Europe.

The acquisition also strengthens MedPlast's ability to vertically integrate and simplify the supply chain for its customers.

In addition to rebranding as Viant, MedPlast announced that its corporate headquarters will move to Foxborough, Massachusetts, placing it in a major medical device hub near many of its customers.

Since Water Street and JLL's investment in MedPlast in 2016, the company's employee base has doubled to nearly 6,000 associates located across the United States, Central America, Europe, and Asia.

Viant is focussed on providing end-to-end solutions for medical device OE. It offers engineering, manufacturing, assembly, packaging, and sterilisation, through 25 worldwide locations.
Details
Date Published: 12/07/2018
Target: Integer Holding Corp/Advanced Surgical and Orthopedics business
Country: USA
Deal Size: 600m (USD)
Sector: Healthcare
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor: Integer Holding
Buyer: MedPlast, LLC
Comment:
Company rebrands as Viant

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