NeuroTherm Inc. added to its portfolio of pain management technologies with the acquisition of some of a European company’s needle lines.
The Wilmington, Mass.-based medical device maker paid an undisclosed amount for Dutch firm Technomed Europe’s intellectual property and manufacturing know-how "associated with certain needle product lines," according to a press release.
NeuroTherm bought Micron Catheter last summer for an undisclosed amount, adding the Palm Beach gardens, Fla.-based company’s epidural scar removal catheter to its holdings.
The Technomed buy is the company’s third add-on since it merged with Cotop International (PDF) in 2007, according to the press release. NeuroTherm is owned by Cortec Group, a New York-based private equity firm.