Inverness Graham-backed Innovia Medical Completes Two Strategic Acquisitions, Establishes Leading Manufacturer of ENT and Ophthalmic Surgical Products
WAYNE, Pa. — Inverness Graham, a Philadelphia-based buyout firm focused on acquiring innovative companies where technology is transforming traditional industry, announced today that its single-use surgical products manufacturer, Innovia Medical ('Innovia'), has closed on two strategic acquisitions in Grace Medical and Hurricane Medical. These transformative acquisitions accelerate Innovia's strategic vision of building a vertically integrated manufacturer of physician-preferred, consumable surgical products specializing in Ear, Nose and Throat ('ENT') and Ophthalmic procedures, as well as sterile processing systems.
Article content
Based in Memphis, TN, Grace Medical is a leading manufacturer of single-use surgical implants, instruments and related consumable products for ENT procedures. The company's robust in-house manufacturing capabilities, deep physician relationships and proprietary product portfolio – supported by over 20 patents – position the combined business for sustained growth in its ENT activities.
Article content
Article content
Based in Bradenton, FL, Hurricane Medical is a leading manufacturer of single-use ophthalmic surgical products and instruments used in virtually every type of ophthalmic surgery. With a purpose-built, automated production facility, Hurricane Medical adds significant scale, efficient manufacturing capabilities and potential for accelerated growth for Innovia's ophthalmology business.
Article content
'The additions of Grace Medical and Hurricane Medical represent a truly exciting milestone in Innovia's journey and will be transformational to the growth of the combined business,' said Aliya Khaydarova, Managing Principal at Inverness Graham. 'Grace Medical and Hurricane Medical meaningfully expand Innovia's presence in the attractive ENT and ophthalmic markets, enhance the overall product portfolio and manufacturing capabilities, and unlock synergy opportunities with current and new customers. We look forward to supporting the combined team as they integrate and continue to drive accelerated growth.'
Article content
'We are thrilled to welcome Grace Medical and Hurricane Medical to the Innovia family,' said Terry Meredith, CEO of Innovia Medical. 'Both companies bring clinically differentiated, trusted products and strong customer relationships that align with Innovia's focus on providing innovative, physician-preferred solutions. The combination of our three businesses is an exciting step forward as we enhance our offerings to ENT and ophthalmic surgeons around the world.'
Article content
Faegre Drinker Biddle & Reath served as legal counsel and Robert W. Baird as exclusive financial advisor to Inverness Graham. Terms of the transaction were not disclosed.
Article content
About Inverness Graham
Article content
Inverness Graham
Article content
is a Philadelphia based buyout firm that acquires innovative companies where technology is transforming traditional industry. The firm's Flagship strategy focuses on high-growth businesses in Healthcare, Tech-Enabled Services / Software and Advanced Manufacturing. The firm's Green Light strategy targets tech-enabled businesses where Environmental Sustainability is a key driver of accelerating growth. Inverness Graham executes a differentiated, repeatable model for value creation through its proprietary Strategic Platform Build approach. Founded by senior executives of the Graham Group, the firm builds upon a 60-year legacy of operational excellence, bringing substantial value creation resources and an innovative mindset to support its portfolio company partners.
Article content
Article content
Article content
Article content
Article content
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Globe and Mail
an hour ago
- Globe and Mail
Mirova US LLC Increases Stake in Nvidia Corporation
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Mirova US LLC, managed by Philippe Zaouati, recently executed a significant transaction involving Nvidia Corporation ((NVDA)). The hedge fund increased its position by 1,242,633 shares. Spark's Take on NVDA Stock According to Spark, TipRanks' AI Analyst, NVDA is a Outperform. Nvidia's strong financial performance and positive earnings call highlight its leadership in the semiconductor industry, driven by robust growth in AI and data center segments. Technical indicators suggest a strong bullish trend, although valuation concerns due to a high P/E ratio and overbought signals may pose risks. The strategic focus on AI offsets geopolitical challenges, supporting a positive outlook. To see Spark's full report on NVDA stock, click here. More about Nvidia Corporation YTD Price Performance: 27.19% Average Trading Volume: 198,286,173 Current Market Cap: $4167B Disclaimer & Disclosure Report an Issue


Globe and Mail
2 hours ago
- Globe and Mail
Mirova US LLC Increases Stake in Microsoft
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Mirova US LLC, managed by Philippe Zaouati, recently executed a significant transaction involving Microsoft ((MSFT)). The hedge fund increased its position by 361,519 shares. Spark's Take on MSFT Stock According to Spark, TipRanks' AI Analyst, MSFT is a Outperform. Microsoft's overall stock score is driven by its strong financial performance and positive earnings call sentiment. The company benefits from consistent revenue growth and high profitability, supported by effective cash flow management and a solid balance sheet. Technical indicators show positive momentum, although overbought conditions suggest caution. The high P/E ratio reflects market confidence but also hints at potential overvaluation. Continued strength in cloud and AI services positions Microsoft well for future growth. To see Spark's full report on MSFT stock, click here. More about Microsoft YTD Price Performance: 20.48% Average Trading Volume: 19,965,959 Current Market Cap: $3759.9B Disclaimer & Disclosure Report an Issue


Globe and Mail
2 hours ago
- Globe and Mail
Focused Investors Llc Reduces Stake in Microsoft
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Focused Investors Llc, managed by Bruce Gordon Veaco, recently executed a significant transaction involving Microsoft ((MSFT)). The hedge fund reduced its position by 6,800 shares. Spark's Take on MSFT Stock According to Spark, TipRanks' AI Analyst, MSFT is a Outperform. Microsoft's overall stock score is driven by its strong financial performance and positive earnings call sentiment. The company benefits from consistent revenue growth and high profitability, supported by effective cash flow management and a solid balance sheet. Technical indicators show positive momentum, although overbought conditions suggest caution. The high P/E ratio reflects market confidence but also hints at potential overvaluation. Continued strength in cloud and AI services positions Microsoft well for future growth. To see Spark's full report on MSFT stock, click here. More about Microsoft YTD Price Performance: 20.48% Average Trading Volume: 19,965,959 Current Market Cap: $3759.9B Disclaimer & Disclosure Report an Issue