Medline to Buy Medi Globe Group's ASID BONZ Biz
Healthcare supplies manufacturer and distributor Medline has begun a deal to acquire Medi-Globe Group’s ASID BONZ GmbH, a German supplier of surgery, anesthesia, ward supply, and urology products.
Founded in 1811, ASID BONZ is known as the first-ever developer of anesthesia. ASID BONZ earned over 30 million Euros in revenue and served over 1,100 German hospitals in 2021.
Medline aims to expand the ASID BONZ brand outside of Germany to its broad base of European customers. ASID BONZ’s sales force will have access to Medline’s products as well.
“We are excited to increase our product offering and work with this award-winning organization with a renowned customer focus,” Tripp Amdur, Medline’s Europe group president told the press. “Medline is a relatively new player in urology and anesthesia. This acquisition grows our presence in these areas of the hospital. ASID BONZ’s employees, products and service have a long-standing and trusted reputation and this combination will enable us to better meet the needs of our healthcare customers and become a more valued partner.”
Martin Lehner, CEO of Medi-Globe Group added: “ASID BONZ is known for its unwavering commitment to its customers, providing high-quality medical products that are used to treat patients every day. We are sure that under the ownership of Medline, ASID BONZ will provide substantial avenues of growth in the future. The sale increases Medi-Globe’s focus on the core business - the development and marketing of innovative single-use products for minimally invasive diagnostic and therapeutic procedures”.
The business combination is expected to be completed in May.
Article source: Medical Product Sourcing