The EQT Mid Market US fund has acquired a majority stake in Clinical Innovations LLC, a Salt Lake City-based pure-play provider of single-use clinician-preferred medical devices for labor and delivery in hospitals.
Financial terms were not disclosed.
Clinical Innovations was founded in 1993 and is the largest medical device company exclusively focused on labor and delivery (L&D), EQT said. It has about 165 full-time employees and serves more than 80 countries. EQT is an alternative investments firm with approximately 37 billion euro in raised capital across 24 funds. Its portfolio companies in Europe, Asia and the U.S. have about 110,000 total employees.