I-Flow Corp., a Lake Forest maker of post-surgery pain control devices, said Friday that it is going to buy AcryMed Inc. of Beaverton, Oregon, for $25 million in cash.
Privately held AcryMed makes infection control and wound healing products. It also developed a treatment for I-Flow’s On-Q Silver Soaker catheters and is planning to make a new line of silver transparent dressings for wound sites, which I-Flow said it will start marketing in early 2008.
I-Flow expects the deal to be finished in the first quarter.
The company said it expects Bruce Gibbins, AcryMed’s founder and chief technology officer, and Jack McMaken, its chief executive, to stay on after the deal’s finalized.
