Cantel Medical acquires endoscope maker

Cantel Medical Corp. has expanded its Medivators Endoscope Reprocessing product line by purchasing the assets of Verimetrix LLC. Verimetrix, based in St. Louis, Missouri, designs, markets, and sells the Veriscan Pro V2.2 System, a state-of-the-art endoscope leak and fluid detection device that provides customers with superior accuracy, complete automation, and comprehensive electronic record keeping and reporting. The business being acquired has pre-acquisition annual revenues of about...

Sept. 19, 2007

2 min read

LITTLE FALLS, NJ, Sept. 18, 2007 -- Cantel Medical Corp. has expanded its Medivators Endoscope Reprocessing product line by purchasing the assets of Verimetrix LLC. Verimetrix, based in St. Louis, Missouri, designs, markets, and sells the Veriscan™ Pro V2.2 System, a state-of-the-art endoscope leak and fluid detection device that provides customers with superior accuracy, complete automation, and comprehensive electronic record keeping and reporting. The Veriscan System enables customers not only to reduce scope repair costs and improve the productivity of their scope inventory, but also establish greater staff efficiencies and retain accurate performance records. The business being acquired has pre-acquisition annual revenues of approximately $2.0 million and is expected to be accretive in FY '08.

According to R. Scott Jones, Cantel Medical's President & CEO, "The acquisition of the Veriscan technology advances Cantel's strategy of investing in innovative new products, expansion in existing markets, and providing valuable solutions to our end users."

Roy Malkin, President & CEO of the Minntech Corporation's Medivators Business Group further added, "Since the launch of our direct hospital field sales force in August 2006, we've been adding technologically advanced products that leverage our in-depth knowledge of the endoscopy market. The Veriscan™ Pro V2.2 is the ideal complement to our national direct sales strategy, equipping our sales team with a sequential customer solution ranging from pre-cleaning flushing aids and leak testing, through to automated disinfection equipment and chemistries."

Verimetrix LLC, based in St. Louis, MO, designs, markets, and sells the VeriscanTM endoscope leak-detection system, which enhances the life, performance and cost efficiency of complex medical devices. The company's Veriscan™ Pro V2.2 endoscope tester is the first automated leak testing and fluid detection system for flexible endoscopes.

Medivators is a Business Group of Minntech Corporation, a subsidiary of Cantel Medical Corp. Cantel Medical Corp. is a provider of infection prevention and control products in the healthcare market.

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