Aspen Surgical Acquires Protek Medical Products

IndustryPRwire -- Aspen Surgical Products announced the acquisition of Protek Medical Products, Based in Coralville, IA, Protek is a leading global manufacturer of single-use ultrasonic probe covers and needle guides used in tissue biopsies, fluid aspiration, and vascular access procedures as well as protective covers for medical instruments and equipment. The Company has demonstrated a consistent track record of driving recurring revenue growth and innovation, fueled by best-in-class R&D capabilities. Protek has become a supplier of choice for leading OEMs in the ultrasound equipment space.

The acquisition of Protek strengthens Aspen’s broad portfolio of medical and patient & staff safety products sold into hospital and surgery center markets. This includes Protek’s patented Pull-Up™ probe cover technology which helps support efficiency in the clinical environment.

Jason Krieser, CEO of Aspen Surgical Commented “Protek Medical has a long, successful history of providing effective, easy-to-use disposable products that help address cross-contamination issues in the clinical environment, This line is clearly synergistic with our current manufacturing and commercial operations and it supports our mission to provide high quality single-use medical devices that improve safety and efficiency for the healthcare settings that we serve.”   

Protek CEO Rick Pruter Commented “Protek is very excited to team up with Aspen Surgical, This will not only broaden our customers’ access to consumable product offerings, but also expand our new product development opportunities. Aspen’s goals align directly with our vision of optimizing patient safety in the imaging market.” 

About Aspen Surgical Products, Inc.

Established in 1999, Aspen Surgical is a leading worldwide manufacturer of medical disposable products with an emphasis on efficiency and safety in the hospital and surgery center market.  The company’s extensive portfolio includes Bard-Parker® blades and scalpels, Precept® personal protective equipment, surgical marking pens, orthopedic positioners, basic wound care and instrument care products.  Aspen facilities in Caledonia Michigan, Las Piedras Puerto Rico, and Agua Prieta, Mexico offer vertically integrated, North American manufacturing capabilities including injection molding, sewing, ultrasonic welding, die cutting, automated assembly and packaging as well as blade stamping, grinding, and finishing.   Aspen Surgical products are sold through a strong, integrated channel which includes a corporate accounts team working synergistically with a field sales organization, along with a close distributor and kit-packer network. Recently acquired by Audax Private Equity, Aspen is poised for both organic growth and growth through acquisition.

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