LABORIE Medical Technologies, a leading diagnostic and therapeutic medical technology company, today announced it has completed its acquisition of Clinical Innovations for an enterprise value of $525 million. Based in Salt Lake City, Clinical Innovations is a leading global provider of clinician-preferred medical devices for the labor & delivery (L&D) and neonatal intensive care unit (NICU) specialties. In order to drive the focus, resources, investments and customer-intense culture needed to continue to be successful in the L&D and NICU specialties, the Clinical Innovations business will form a stand-alone Global Business Unit (GBU) called Maternal and Child Health.
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Source: https://www.prnewswire.com/news-releases/laborie-medical-technologies-announces-completion-of-clinical-innovations-acquisition-301003244.html