REDMOND, WASHINGTON, Sep. 14, 2015 — Physio-Control, Inc. (a portfolio company of Bain Capital) has reached an agreement with HeartSine Technologies to acquire the Northern Ireland-based automated external defibrillator (“AED”) manufacturer. Financial details of the transaction are not being released. The combination creates one of the world’s largest AED solutions providers.
“With Physio-Control and HeartSine now united in our lifesaving missions, we will be able to offer a tremendous range of AED solutions to our global customers and partners,” said Physio-Control CEO Brian Webster. “Sudden cardiac arrest is one of the biggest health care problems in the world and AEDs are a critical part of the solution. The global market for these devices is growing fast and our joint aim is to save more lives with more AEDs in more places.”
“This is very good for HeartSine and our distributors. Our teams share a strong clinical focus, and together we have exciting opportunities ahead for technical, scientific and marketing collaboration,” said HeartSine CEO Declan O’Mahoney. “Most importantly, we have a strong cultural fit and a common mission to prevent unnecessary deaths from sudden cardiac arrest.”
HeartSine’s products include AED’s and associated software systems. Physio-Control is the world’s leading provider of professional emergency medical response solutions that predict or intervene in life-threatening emergencies.
XMS Capital Partners acted as exclusive financial advisor to Physio-Control for this transaction.