Med firm buys tray company
Suk Ja Muffley wraps surgery materials to form a procedure tray at Avid Medical, in Toano, Va. (Oct. 19, 2009) Credit: Richmond Times-Dispatch
Brentwood-based Medical Action Industries Inc. has bought a Virginia surgical tray supply company in a $62.5 million deal.
The deal to buy Avid Medical Inc., of Toano, Va., "strengthens Medical Action's core capabilities in developing, manufacturing and delivering quality medical products to hospitals and health-care institutions," Medical Action chief executive Paul D. Meringolo said.
A news release described Avid as "a leading provider of custom procedure trays serving the health-care industry."
Medical Action Industries makes dozens of products including sterilization and intravenous kits, sponges, hats for newborn babies, patient slippers and burn dressings.
It sells to "acute-care facilities in both domestic and international markets, including physician, dental, veterinary offices, outpatient surgery centers and long-term care facilities."
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