Medical Devices Acquisitions in Ohio
Ohio Medical Devices Deal Themes
Ohio medical devices acquisitions span both product-led and capability-led strategies—ranging from instruments and radiotherapy-related offerings to mobility, prosthetics, and home medical equipment. Across recent deals, buyers often emphasize expanding clinical or end-market reach while strengthening manufacturing or service capabilities.
A common through-line is portfolio expansion into adjacent medical device categories and technologies. Examples include Technimark’s blow and injection-molding expansion for healthcare markets, CQ Medical’s addition of a radiation therapy business unit to extend radiotherapy marking products, and Theken Companies bringing cloud-based design software and 3D-printed patient-specific airway stents into its device portfolio.
Private equity and platform-style acquirers also feature prominently, including Argosy Private Equity, Blue Sea Capital, CQ Medical, SJL Partners LLC, and Valencia Capital, LLC, along with strategic operators like Drive Medical and SAM Medical. Several transactions also include operational reshaping—such as division structures, retained business lines, or relocating production—to support long-term commercial scale.
What Stands Out
- Technimark (with Oak Hill Capital, Pritzker Private Capital, PPC Partners) targeted healthcare-linked plastics capabilities via the acquisition of Rage Custom Plastics in Ohio.
- Drive Medical expanded home medical equipment and consumer health brands by acquiring Compass Health Brands, which will operate as a division.
- Growth via specialized product additions shows up in CQ Medical’s purchase of a Bionix Radiation Therapy business unit and Theken Companies’ acquisition of VisionAir Solutions.
- Cross-functional market reach is reflected in deals like MIGA Holdings LLC’ acquisition of Invacare’s North American mobility and home-healthcare operations.
- Contract manufacturing and advanced production themes appear in acquisitions such as MARLE GROUP’s stake in Tangible Solutions (3D-printed titanium implants).
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March 16, 2026
- Buyer
- Technimark, Oak Hill Capital, Pritzker Private Capital, PPC Partners
- Target
- Rage Custom Plastics
- Seller
- Rage Custom Plastics (family-run business; specific sellers not named)
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Buyout
Technimark acquired Rage Custom Plastics, a U.S. provider of blow and injection-molded plastic products serving medical and consumer healthcare markets. The deal is intended to strengthen Technimark’s healthcare presence, expand domestic manufacturing into the Midwest and Mid-Atlantic, and add value-added blow molding capabilities.
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January 29, 2026
- Buyer
- Drive Medical
- Target
- Compass Health Brands
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Buyout
Drive Medical has acquired Compass Health Brands, a manufacturer of home medical equipment and consumer health brands that include Carex, ProBasics, TheraMed, Roscoe Medical and Meridian Medical. Terms were not disclosed; Compass Health will operate as a division of Drive Medical and the acquisition is intended to broaden Drive Medical's product portfolio and expand its reach across retail and e-commerce channels.
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December 1, 2025
- Buyer
- CQ Medical
- Target
- Bionix Radiation Therapy business unit
- Seller
- Bionix
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Divestiture
CQ Medical has acquired the Radiation Therapy business unit from Bionix, expanding CQ Medical’s patient positioning and radiotherapy marking product portfolio. The deal transfers Bionix’s radiation therapy product lines and commercial team to CQ Medical while Bionix retains its Ambulatory Care business based in Maumee, Ohio.
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September 18, 2025
- Buyer
- SAM Medical
- Target
- TyTek Medical
- Seller
- TyTek Group
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Buyout
SAM Medical has acquired TyTek Medical (part of the TyTek Group) to expand its proprietary emergency medical product offering. TyTek operations will be relocated to Tualatin, Oregon, and SAM will leverage its global reach to broaden customer support for TyTek’s chest decompression needles.
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November 12, 2024
- Buyer
- MIGA Holdings LLC
- Target
- Invacare (North American business)
- Seller
- Invacare Holdings Corporation
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Divestiture
MIGA Holdings LLC has acquired Invacare Holdings Corporation’s North American business, transferring Invacare’s U.S. mobility and home-healthcare product operations to MIGA. The divestiture lets Invacare concentrate on its other regional operations while giving MIGA a platform to expand manufacturing, sales and distribution in the North American medical mobility market.
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August 1, 2024
- Buyer
- Advancing Eyecare, Cornell Capital
- Target
- Eyefficient
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Addon
Advancing Eyecare (AEC), a Jacksonville-based eyecare instrumentation platform backed by Cornell Capital, has acquired Eyefficient, a Twinsburg, Ohio supplier of ophthalmic instruments. Financial terms were not disclosed; AEC said the deal will expand its product offering and installation/repair services to third-party distributors and independent sales representatives.
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- Buyer
- Theken Companies
- Target
- VisionAir Solutions
- Seller
- Cleveland Clinic
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Buyout
Theken Companies, a family of medical device companies based in Akron, Ohio, has acquired VisionAir Solutions from Cleveland Clinic. The acquisition brings VisionAir's proprietary cloud-based design software and 3D-printed patient-specific silicone airway stents into Theken's medical device portfolio to expand capabilities and commercialize the technology more broadly.
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- Buyer
- SD Biosensor, Inc., SJL Partners LLC
- Target
- Meridian Bioscience, Inc.
- Seller
- Meridian Bioscience shareholders
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Buyout
A consortium led by SD Biosensor and private equity firm SJL Partners agreed to acquire Meridian Bioscience in an all-cash transaction valued at approximately $1.53 billion ( $34.00 per share). The deal will take Meridian private and is intended to accelerate SD Biosensor's entry into the U.S. in-vitro diagnostics market while leveraging Meridian's U.S. distribution network and product portfolio.
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June 17, 2022
- Buyer
- Valencia Capital, LLC
- Target
- ACOR Orthopaedic, Inc.
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Buyout
Valencia Capital, LLC has acquired ACOR Orthopaedic, Inc., a Cleveland-based manufacturer of custom and retail orthopedic products and foam-conversion services. The private equity firm said the acquisition will provide ACOR with leadership and growth opportunities to expand its product and market reach.
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February 15, 2022
- Buyer
- MARLE GROUP
- Target
- Tangible Solutions
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Buyout
MARLE GROUP has acquired a majority stake in Tangible Solutions, a Fairborn, Ohio-based contract manufacturer of 3D-printed titanium orthopedic, spine, and trauma implants. The deal establishes MARLE GROUP's first industrial base in the United States and expands its additive manufacturing and product development capabilities; Tangible Solutions' founders remain as CEO and COO.
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- Buyer
- Blue Sea Capital
- Target
- WillowWood Global LLC
- Seller
- DW Healthcare Partners
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Buyout
Blue Sea Capital has completed an acquisition of WillowWood Global LLC, a long-established designer and manufacturer of prosthetic products, from DW Healthcare Partners. The investment positions WillowWood for accelerated growth — with management retaining meaningful ownership — and signals Blue Sea's intent to support organic growth and pursue acquisition-driven expansion in the prosthetics market.
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- Buyer
- TTG Imaging Solutions, LLC
- Target
- Medical Imaging Technologies (MIT)
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Buyout
TTG Imaging Solutions, LLC acquired Medical Imaging Technologies (MIT), a provider of nuclear medicine systems, equipment sales, parts and service headquartered in Akron, Ohio. The deal expands TTG’s national footprint of field service engineers and broadens its diagnostic imaging and radiopharmaceutical offerings to MIT’s legacy customers.
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January 13, 2021
- Buyer
- SFW Capital Partners
- Target
- Caron Products and Services
- Seller
- Christy family and management
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Recapitalization
SFW Capital Partners completed a strategic recapitalization of Caron Products and Services, partnering with Caron CEO Steve Keiser and VP Dave Figel who remain significant shareholders. The recapitalization will fund expansion of Caron’s product portfolio, enhancement of sales, marketing and service capabilities, and support inorganic growth through acquisitions.
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January 4, 2021
- Buyer
- Avalign Technologies, Inc.
- Target
- Slice Manufacturing Studios
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Addon
Avalign Technologies, a Linden Capital Partners–backed orthopedics manufacturer based in Bannockburn, Illinois, has completed the acquisition of the assets of Slice Manufacturing Studios, a contract manufacturer of medical devices based in Akron, Ohio. The deal brings Slice's metal additive manufacturing, high-tolerance subtractive machining, and sterile packaging capabilities into Avalign's platform to expand its additive and advanced manufacturing offerings for hip, spine and knee implant markets.
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December 30, 2020
- Buyer
- Argosy Private Equity
- Target
- Bionix, LLC
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Growth capital
Argosy Private Equity made a growth investment in Bionix, LLC, a Toledo-area (Maumee), Ohio manufacturer of disposable ear, nasal and wound care medical devices. The transaction — the first investment from Argosy's sixth lower middle market fund — will fund new product introductions, deeper sales-channel penetration and potential add-on acquisitions.
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June 9, 2020
- Buyer
- ASP Global, Incline Equity Partners
- Target
- Shumsky Therapeutic Pillows
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Addon
ASP Global, a privately held Atlanta-based medical sourcing and distribution company, has acquired Shumsky Therapeutic Pillows, the Dayton, Ohio–based maker and distributor of therapeutic pillows used by hospitals nationwide. Shumsky will continue operations in Dayton with manufacturing in Richmond, Indiana; the acquisition is an add-on to ASP's portfolio (which has been associated with Incline Equity Partners) to expand its patient-preference product offering and hospital relationships.
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- Buyer
- Alpha / AXS Holding Company, LLC (formed by the Perrico family)
- Target
- Alpha Imaging, LLC
- Seller
- Caymus Equity Partners LLC
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Divestiture
Alpha / AXS Holding Company, LLC — a vehicle formed by Alpha Imaging's founders (the Perrico family) — acquired Alpha Imaging, LLC from Caymus Equity Partners. The transaction closed on June 30, 2020, returning the company to founder control; Alpha Imaging is a Willoughby, Ohio-based provider of medical imaging equipment sales and service that expanded recurring-service contracts and product offerings during Caymus Equity's ownership.
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February 4, 2020
- Buyer
- The Riverside Company
- Target
- LMG Holdings, Inc.
- Seller
- Existing ownership group of LMG
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Recapitalization
The Riverside Company’s value-based private equity arm led a recapitalization of LMG Holdings, Inc., a provider of ignition interlock devices and portable alcohol monitoring solutions. The transaction partners Riverside with LMG’s existing ownership to support growth, product and technology development, and expansion of LMG’s nationwide service network.
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- Buyer
- Avalign Technologies, Inc., Linden Capital Partners
- Target
- Integrated Medical Solutions
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Addon
Avalign Technologies, a Bannockburn, Illinois-based precision medical device manufacturer, has acquired Integrated Medical Solutions (IMS), a contract manufacturer of machined metal implants based in Mentor, Ohio. The acquisition expands Avalign's manufacturing capabilities and product offerings in spine, sports medicine, trauma, and extremities implants as an add-on to its platform (PE-backed by Linden Capital Partners).
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April 22, 2019
- Buyer
- Gridiron Capital, LLC
- Target
- Remington Products Company
- Industry
- Medical Devices
- Location
- Ohio, United States
- Type
- Buyout
Gridiron Capital has made a majority investment in Remington Products Company, a Wadsworth, Ohio-based designer and manufacturer of orthotic insoles, braces and footcare products. The deal will partner Gridiron with Remington's management and employees—who will remain significant owners—to scale the business and build a broader orthopedic wellness platform.
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Frequently Asked Questions
What types of medical device businesses are being acquired in Ohio?
Recent Ohio deals include medical plastics and molding capabilities, home medical equipment and consumer health brands, ophthalmic instruments, radiotherapy-related offerings, mobility/home-healthcare products, prosthetics, and advanced implant manufacturing (including 3D-printed titanium).
Which Ohio-focused buyers appear repeatedly on this page?
Recurring buyers listed include Avalign Technologies, Inc., Argosy Private Equity, CQ Medical, Blue Sea Capital, Valencia Capital, LLC, SJL Partners LLC, SD Biosensor, Inc., and SAM Medical.
Are there acquisitions that come from major medical institutions?
Yes. Theken Companies acquired VisionAir Solutions from Cleveland Clinic.
Do the deals typically involve disclosed financial terms?
Not always. Some transactions disclose value or share price (for example, the SD Biosensor and SJL Partners consortium for Meridian Bioscience), while others state that terms were not disclosed.