MedPlast Acquired by Strategic Investor, PE Firm

By Julie A. Vetalice

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

Tags: M&A