Science-based company 3M has signed agreement to acquire health care products manufacturer Ivera Medical, for an undisclosed sum.
Based in San Diego of California, Ivera develops and markets Curos line of products, including passive disinfection port protectors that disinfect and cover needleless valves to prevent contamination between venous accesses.
Ivera Medical CEO Bob Rogers said: "3M’s great products, ample resources and worldwide presence coupled with Ivera’s best-of-class Curos Brand product line and salesforce will accelerate global acceptance and growth of the Curos Brand here in the US and worldwide."
According to 3M, the acquired business will allow the firm to expand its vascular access product offerings, helping health care facilities to be provided with cost-effective solutions in the area of hospital acquired infections (HAIs) such as catheter-related blood stream infections or CRBSIs.
Ivera’s product portfolio includes I.V. port connector caps sold under the Curos Brand, which are used to disinfect and act as a barrier to contamination on devices that provide access to I.V. lines.
The products are said to complement 3M’s vascular access products including Tegaderm CHG (Chlorhexidine Gluconate) I.V. Securement Dressings, which offer critical elements of antimicrobial protection and securement for I.V. site care.
Subject to customary closing conditions and regulatory approvals, the deal is expected to be completed in the first half of 2015.
3M also produces products such as medical tapes, skin care products, bandages and wraps, and skin closures to prevent and treat critical and chronic conditions.