Olympus Corp. has bought medical devices provider Veran Medical Technologies Inc. The acquisition adds Veran’s sales network, marketing, manufacturing and research capabilities to Olympus’ operations.
“We are very excited about the synergies this acquisition creates. With the deal now closed, as one company we are able to combine Olympus’ expertise and clinical history in minimally invasive technology with the innovation in navigation systems of Veran Medical Technology to improve workflow and patient care in lung cancer,” says Olympus vice president Lynn Ray.
Medical equipment manufacturer Olympus has focuses on gastroenterological endotherapy devices, urological devices, and respiratory devices as part of its growth strategy, according to the company’s press release.