US-based private equity firm Shore Capital Partners has acquired Minnesota-based medical device manufacturer Summit Medical, for an undisclosed sum.
Summit Medical president Kevin McIntosh and chief financial officer Lorraine Duchene will continue to lead the management team of the acquired business.
Shore Capital partner Don Pierce said: "Minimally-invasive surgery continues to proliferate by reducing wound size, recovery time, and infection risk, and Summit is well-positioned as a leading provider of comprehensive solutions for its customers."
Summit Medical has been involved in designing, engineering and manufacturing microsurgery products since the last 30 years. It produces ear, nose, and throat (ENT) products and a variety of other surgical products.
It will also manufacture the Instru-Safe instrument protection line for infection control and sterilization in the critical care market.