Stradis Healthcare signs definitive agreement to acquire Medikmark

Stradis HealthcareNov 7 2014

Stradis Healthcare is pleased to announce that it has entered into a definitive acquisition agreement with Medikmark, a leading provider of healthcare kits based in Waukegan, IL, under which Stradis will acquire all shares of Medikmark.

Stradis provides large, custom procedural kits for the endovenous, oral health, ophthalmic, plastic, tissue bank, OB/GYN, among other surgical markets, while Medikmark is a leader in high volume production of smaller kits for wound care/dressing change, IV start, suture removal, catheter/irrigation, trach care, staff protection and other markets. Combining the companies provides our customers with a more extensive portfolio of solutions for virtually every procedure. Both companies have considerable talent and experience in all areas of the industry. Stradis and Medikmark serve a vast array of customers in ambulatory surgery centers, alternate care, private practices, hospital networks and GPOs through a combination of direct channels and distributors.

"Our companies will work closely with our customers, suppliers, and employees to make the integration process as smooth as possible. During the integration, our customers will continue to receive the same high quality service they have come to expect," said Derrell James, Stradis Healthcare's President and Chief Executive Officer. "Stradis has proven itself as a leader in the custom surgical packs market, and is well positioned to continue exceptional growth into adjacent markets and with a growing portfolio of products and services. With Medikmark, our commitment is to bring the right tools and support to the medical community to ensure the best possible surgical outcomes for our clients and the ultimate customer, the patient."

Jim Ronk, President of Medikmark stated, "We are particularly pleased to be working with the quality of people that are part of Stradis Healthcare. The combination of Stradis Healthcare and Medikmark will offer customers the advantage of one stop shopping for both small kits as well as large kits. Furthermore, material acquisition cost savings will result from our enhanced purchasing power."

Jeff Jacobs, Chairman of Stradis Healthcare, said "the acquisition of Medikmark fits perfectly into our strategy of building our product portfolio and enhancing the value we offer to our customers. The combination of these two great companies puts Stradis in the position to further its reputation as a market leader. We are committed to providing the solutions and products our customers need to succeed in this new era of healthcare."