Graham Partners has purchased HemaSource Holdings LLC.
HemaSource, headquartered in West Jordan, Utah, supplies disposable medical products to blood therapy companies. The group also supplies medical devices to plasma-collection centers. In November, HemaSource acquired Medical Supplies of America's blood-plasma supplies unit.
Graham Partners is a Newtown Square, Pennsylvania-based private equity firm that invests in middle-market manufacturing and industrial companies. The firm is also invested in Abrisa Technologies, which makes glass parts; Comar, which makes plastic packaging for the pharmaceutical and health care markets; and Henry Co. LLC, a building products supplier. The purchase of HemaSource was announced on July 28.
Graham Partners was interested in HemaSource because of the growth potential it sees in the increasing demand for plasma protein therapeutics, according to the company.
Other recent medical device deals include Hill-Rom Holdings Inc.'s acquisition of Trumpf Medical Systems, which supplies products and services for operating rooms and intensive care units, and Medtronic Inc.'s purchase of medical device maker Covidien Plc.
Dechert LLP attorneys John LaRocca, Anthony Lagreca, Allyson Levy, Sarah Gelb, Alon Goldberger, Timothy McNamara and Joshua Milgrim provided legal advice to Graham on the deal.