The Pritzker Group acquired medical device maker Clinical Innovations for an undisclosed amount.
It’s the first foray into healthcare for the Chicago-based private investment firm, which uses the vast fortune of the Pritzker family to fund its activities. The group bought Murray, Utah-based Clinical Innovations from private equity player RoundTable Health Partners.
Clinical Innovations makes medical devices for women and infants, specializing in products used in the delivery room during difficult births, according to a press release
Pritzker group managing partner Tony Pritzker will become chairman of Clinical Innovations’ board, joined by his brother J.B. CEO Mark King will keep the corner office.