• Healthium’s third acquisition in 2021
  • Adds patented wound management products and enhances R & D capabilities

Bangalore, September 01, 2021

Healthium, a global player in medical devices, today announced the successful acquisition of CareNow Medical Private Limited, strengthening its product portfolio with patented and differentiated products in the advanced wound management and infection prevention segments.This is the third acquisition by Healthium in calendar year 2021. Earlier this year, Healthium had acquired the AbGel business in India and VitalCare in the United Kingdom to expand its surgical and post-surgical care portfolio.Healthium’s product portfolio covers surgical consumables, urology and arthroscopy products. Its manufacturing facility at Bangalore is registered with US FDA.

CareNow is primarily engaged in the designing, manufacturing, marketing and sale of products in the focus area of advanced wound management and infection prevention for patients and hospitals. With this acquisition, Healthium strengthens its portfolio of patented products through the addition of CareNow’s advanced wound dressing which has patents across US, Europe and India. Further, the acquisition adds to Healthium’s manufacturing and R&D capabilities. CareNow’s manufacturing facility in Coimbatore is US FDA registered and will count as the 8th manufacturing facility for Healthium. Speaking on the acquisition Anish Bafna, CEO and MD, Healthium Medtech, said, “With the acquisition of a high-tech patent driven company like CareNow, we are proud to strengthen our advanced wound management and infection prevention segments by adding patented products made to globally accepted quality standards. We look forward to offering wider choices to our customers and delivering better standards in patient care worldwide. ”

HEALTHIUM MEDTECH LTD

(formerly known as Healthium Medtech Private Limited)

472/D, 13th Cross, 4th Phase, Peenya Industrial Area, Peenya Industrial Area Phase IV, Peenya, Bengaluru, Karnataka - 560 058, INDIA

CIN: U03311KA1992PLC013831

contact@healthiummedtech.com

For any queries or complaints write to
care@healthiummedtech.com

Customer care number
+91-80-41868000

DISCLAIMER

“Healthium Medtech Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India. The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, ICICI Securities Limited, CLSA India Private Limited, Credit Suisse Securities (India) Private Limited and Nomura Financial Advisory and Securities (India) Private Limited, at www.icicisecurities.com, www.india.clsa.com, www.credit-suisse.com and www.nomuraholdings.com/company/group/asia/india/index.html, respectively, and the websites of the stock exchange(s) at www.bseindia.com and www.nseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see "Risk Factors" of the RHP / Prospectus, when available. Potential investors should not rely on the DRHP for any investment decision.”

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