AirLife, a Walker, Mich.-based maker of anesthesia and respiratory medical devices, has completed the acquisition of the respiratory health business from Avanos Medical Inc., a medical technology company based in Alpharetta, Ga.
The $110 million cash deal first detailed in June included Avanos Medical's Ballard, Microcuff and endOclear brands of closed suction catheters, endotracheal tubes and oral care products. AirLife also acquired two Avanos manufacturing facilities in Mexico and R&D expertise supporting the brands.
The acquisition "unlocks new opportunities to accelerate our growth, serve more healthcare practitioners and drive innovation across our comprehensive portfolio of leading brands," AirLife CEO Hank Struik said in statement on the closing of the deal.
"We're thrilled to complete this exciting milestone in AirLife's evolution as we strengthen our leadership as a premier, completely dedicated consumable breathing products company," Struik said. "We are especially pleased to welcome the exceptional team that has driven the success of these market leading brands to our company."
AirLife has manufacturing and distribution locations in the U.S., Mexico, China and Europe that produce anesthesia and respiratory care products. SunMed previously acquired Mettawa, Ill.-based Vyaire Medical Inc.'s consumables unit that makes products used in airway management and operative care.
Frazier Healthcare Partners, a health care investment firm based in Seattle, acquired a majority ownership stake in AirLife in 2021 from Dempsey Ventures, the Grand Rapids-based family office of entrepreneur Dan Bowen.