Katena Products, a portfolio company of the Audax Group, said Tuesday it acquired Sensor Medical Technology. Financial terms weren’t announced. Maple Valley, Washington-based Sensor Medical develops and makes single-use and reusable procedure lenses used by ophthalmologists and optometrists in the U.S. and globally.
DENVILLE, N.J.–(BUSINESS WIRE)–Katena Products, a leading global provider of precision ophthalmic instruments, biologics, and devices to hospitals, surgical centers, and ophthalmic and optometric offices announces the acquisition of Sensor Medical Technology (“SMT”).
Based in Maple Valley, WA, SMT specializes in the development and manufacture of high quality single-use and reusable procedure lenses used by ophthalmologists and optometrists in the U.S. and globally.
“The acquisition of Sensor Medical Technology is an important addition to Katena’s product portfolio. Sensor Medical Technology’s disposable and reusable lenses represent an improvement to current clinical practice as it relates to consistently better optics, while eliminating the chance of disease transmission,” Bill Friedberg, CEO of Denville, New Jersey-based Katena Products, said in a company news release. “We enthusiastically welcome the Sensor Medical Technology team to Katena and look forward to working together to grow the business.”
“We are excited to see Katena and Sensor Medical Technology come together, enabling Sensor Medical Technology to accelerate growth through Katena’s worldwide sales and marketing channels,” Greg Heacock, founder and CEO of Sensor Medical Technology, said in the news release. “This is the perfect marriage of high-quality instruments and optics, and the combination will provide doctors with a broad range of solutions for their patient procedures.”
About Katena Products, Inc.
Katena Products, Inc. is a market-leader in specialty surgical and consumable ophthalmic products. It provides an extensive line of instruments, therapeutics, and devices to physician offices, hospitals, and surgical centers in over 110 countries through a U.S. sales force and extensive international distributor network. Katena is focused on expanding its offerings beyond its leading products in the core instruments and biologics market segments. For additional information, please visit www.katena.com.
Katena Products, Inc. and its parent company Katena Holdings are owned by Audax Group, a Boston-based firm. Audax Group is a leading investor in middle market companies which currently manages over $9.0 billion of assets through its private equity, mezzanine debt, and private senior debt businesses.