Network Medical Products Ltd Would like to Announce some Exciting News!
Network Medical is now part of the Innovia Medical LLC Group.
Innovia Medical combines the 74-year legacies, experience and expertise of Shippert Medical, Summit Medical and now Network Medical Products.
Innovia Medical is owned by Shore Capital Partners, a Chicago-based private equity firm focused exclusively on microcap healthcare investments.
“The opportunity to partner with Innovia was of great interest to us and we feel strongly that the company shares our belief and confidence in our future. The new partnership will allow Network Medical to continue investing in and growing our in-house manufacturing, quality assurance and distribution facilities. The team and I at Network are excited about this new venture and are looking forward to achieving the global results that are now possible.”
Neil Mercer, Chief Executive Officer of Network Medical.
Established in 1997, Network Medical has built its reputation on consistent and reliable product quality that surgeons trust time and time again.
The last 20 years has seen Network Medical grow from its modest origins into an international company operating across 72 countries, with manufacturing sites in both the UK and USA.
“We have enjoyed working with the entire Network Medical team over the recent years as they have built a great company. We felt Network was a perfect fit for our Ophthalmic/ ENT strategy and are excited to add their range of products”
Terry Meredith, Chief Executive Officer of Innovia.
Network Medical will continue to operate as its own business, with no changes to the senior management team and day to day operations.
Over the next few weeks we will be reviewing the new product and distribution opportunities that the Partnership brings to Network Medical. In addition to the investments that we plan to make to our production, stock and warehousing facilities.