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NEWTOWN, Pa. Earlier this year, APAX Partners acquired MÃ¶lnlycke Health Care, Inc. At that time it was announced that MÃ¶lnlycke Health Care would be merged with two other healthcare companies, Regent Medical and Medlock Medical, forming the MÃ¶lnlycke Health Care Group AB.
That merger has now been completed globally. As a part of the merger, a thorough business review was conducted; based on that work, the decision has been made to exit the Barrier Surgical Drapes and Gowns sector in the United States, South America, Latin America, and Canada in order to focus efforts and resources on the wound care, antiseptics, and surgical glove businesses. The Barrier wearing apparel line will be available and sold through distributors. This does not affect the drape and gown businesses in Europe or any other market area outside of the U.S., Canada, South America, and Latin America.
This was a difficult decision; however, we feel it is the right decision for the new organization, commented Dan Filippini, president and general manager of MÃ¶lnlycke Health Care US.
We greatly appreciate our customers loyalty and will do everything we can to make their transition to a new supplier as smooth and seamless as possible, commented John Sullivan, vice president of sales. Territory sales managers will be available to help with this transition. Current drape and gown customers will be supported in locating other options for their needs, in coordination with their distributors and/or custom tray suppliers.
The business transition is expected to be complete by the end of the year.