Pritzkers buy medical device firm

By Bruce Japsen
Posted Dec. 14, 2010 at 2:22 p.m.

The Pritzker Group said it has purchased a Utah medical device company for an undisclosd sum from another local private investment firm.

The investment firm, which represents investment interests of Chicago’s Pritzker family, bought Clinical Innovations, a Murray, Utah-based maker of devices used in the care of women and their infants such as specialized catheters.

The group bought the company from RoundTable Healthcare Partners, a private equity firm based in the north Chicago suburb of Lake Forest that focuses acquisitions in health care.

“We are looking forward to partnering with the management team and employees of Clinical Innovations as they expand on their successful track record of developing products and healthcare solutions for women and their infants,” said Tony Pritzker, who is managing partner of the group, which represents family interests, according to a statement announcing the deal.

As part of the deal, Tony Pritzker becomes Clinical Innovations’ new chairman and J.B. Pritzker will take a seat on the company’s board. Mark King will remain the company’s CEO.

Read more about the topics in this post: , , ,

Companies in this article

Comments are closed.