The shift in the way that medical services have needed to be delivered following COVID-19 – including delivering remote monitoring of patients – has created a huge opportunity for medtech companies to capitalise on an upsurge in sector demand and a desire to boost investors’ robust balance sheets, says ICON Corporate Finance.
The pandemic, in the view of the tech-focussed investment bank, has accelerated the shift to digital and smart technological solutions driving the future of patient care.
Having recently advised Quantex, a single-use, recyclable pump technology specialist, on its sale to global pump solution experts PSG, ICON predicts that the market for smaller, lighter medical monitoring devices will see the sector continue to thrive.
Quantex’s single-use positive displacement pump technology helps medical professionals deliver precision and micro-dosing across a range of pressures, temperatures, viscosities, and flow rates. Its disposable pumps offer patients hygienic and sterile applications.
The deal expands PSG’s reach into biopharma and hygienic applications and sees Quantex become part of Dover Corporation, a global manufacturer delivering innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions and support services.
Karl Buscher PSG’s president said: “The addition of Quantex expands Dover’s reach into medical and biopharma applications. We are excited to add Quantex’s game-changing technology to our portfolio. The Quantex recyclable portfolio of products will enable us to expand our single-use application reach across the biopharma, hygienic, food and beverage and industrial markets.”
James Kenward and Simon Moynagh, ICON’s M&A advisers to Quantex, added: “We are delighted to work with founder, Dr Paul Pankhurst, and his team on the sale of Quantex to the global experts in the field, Dover’s subsidiary PSG. This is a fantastic outcome for shareholders, employees, and the game-changing technology of Quantex. Dover’s PSG provides the global scale required to fully realise the power of Quantex’s technology across multiple industries.”
