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Monday, Jul 22, 2024
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PE Firm Buys Med Device Maker

Irvine-based Aspen Medical Products sold to New York-based private equity firm Cortec Group on undisclosed terms.

Aspen, founded in 2003, makes braces for the back, neck, and spine. Cortec invests in companies with $40 million to $300 million in revenue and $7 million t5o $35 million in EBITDA, its website says.

Aspen Chief Executive Dan Williamson will continue to head its local operations.

For more on the acquisition and other healthcare news see the July 15 print edition of the Business Journal.

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