MedPlast completed its acquisition of Vention Medical's Device Manufacturing Services business. The acquisition broadens MedPlast's manufacturing capabilities and bolsters its position as a leading services provider to the world's largest original equipment manufacturers.
The acquisition comes three months after the company partnered with two investment firms to expand its suite of services. Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry, and JLL Partners, a middle-market private equity firm, invested in MedPlast in December 2016.
Source: MedPlast, Inc.