Johnson & Johnson’s (NYSE:JNJ) Ethicon Endo-Surgery division agreed to acquire SterilMed Inc., a Minnesota medical device processor, for an undisclosed amount.
SterilMed reprocesses medical devices and also provides equipment repair and pre-owned equipment sales services. Johnson & Johnson said it plans to keep the SterilMed brand running as it integrates the business into the EES segment.
“Becoming part of the Ethicon Endo-Surgery franchise, one of the largest and most respected medical device companies in the world, will have a positive impact on our business, while also expanding our product portfolio,” SterilMed chairman & CEO Brian Sullivan said in prepared remarks.
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