BSN Medical said yesterday it has acquired elastic short-stretch compression garment maker FarrowMed.
The acquisition will expand BSN’s product line which is focused on the management of lymphatic and venous disorders, the Hamburg, Germany-based company said.
“This acquisition benefits BSN and our customers alike, as we are now able to offer more comprehensive management solutions to the growing patient population suffering from lymphoedema and wounds associated with chronic venous insufficiency. We aim to build a leading position in lymphology. The combined product offering from BSN and FarrowMed fuels growth and is an important step towards becoming a one-stop provider of therapy solutions to the benefit of patients,” BSN CEO Dr. Guido Oelkers said in prepared remarks.
BSN will begin to offer elastic short stretch compression wraps for treating lymphatic and venous disorders with the acquisition, including FarrowMed’s Farrowrap, the company said. The acquisition will also expand BSN’s market presence in the U.S., the company added.
“We focus our efforts on creating innovative problem solving solutions, which will provide cost-effective care and improve the lives of patients with lymphoedema and venous disease. We are very proud of what we have been able to accomplish as a small and focused company. We are excited to join BSN, as the company has a fantastic history of clinical excellence and this step will help drive further clinical innovation. BSN’s global presence makes it possible for our compression garment technology to now be made available to lymphoedema patients worldwide,” FarrowMed CEO Dr. Wade Farrow said in a press release.