By Thomas Lee
The deal comes a week after privately-held CHF disclosed in a Securities & Exchange Commission filing that it raised $1.8 million from investors. Founded in 1999, CHF’s core technology is the Aquadex FlexFlow System, a device that removes excess fluids, primarily water, from the blood of patients suffering from congestive heart failure, renal failure, metabolic diseases and post-surgery complications.
CHF’s technology seems to fit well with Gambro, which specializes in treating damaged kidneys with renal replacement therapies, including hemofiltration and dialysis. Founded in 1963, Gambro employs more than 8,000 workers and generates sales in more than 100 countries.
“Gambro and CHF share a common dedication to pioneering life-saving therapies for patients,” Nick Mendez, president of the Gambro Acute Business Unit, said in a statement. “This acquisition will enable Gambro to accelerate the adoption of ultrafiltration for fluid overload, thereby expanding our product offerings and providing a broader spectrum of care to patients. CHF brings a proven therapy, superior clinical results and established relationships with physicians.”
A Gambro spokeswoman did not immediately return a call for comment.