MedPlast, parent company of OrthoPlastics, was acquired by strategic investor Water Street Healthcare and JLL Partners, a middle-market private equity firm. Terms were not disclosed.
MedPlast, based in the U.S., offers a range of engineering and manufacturing capabilities to medical OEMs. Its OrthoPlastics division, based in the U.K., is a global supplier of UHMWPE to orthopaedic device manufacturers.
Water Street and JLL seek to expand the Medplast portfolio of capabilities into new areas, forming a comprehensive end-to-end solution for customers in the healthcare industry.
Source: Water Street Healthcare Partners