Richards acquisition of Insight medical technologies

Industry

Medical Device Distribution

Company Profile

Richards Packaging is a major North American manufacturer and distributor of containers for the food, pharmaceutical, health & beauty and industrial sectors and supplies devices, equipment and supplies to different areas of healthcare.  Its companies work with hospital and community pharmacies, various healthcare providers and medical aesthetics clinics. Its combined expertise in automation, medication management, devices and equipment ensures Richards has a complete offering to all its customers. Clarion Medical Technologies is a leading Canadian provider of products and services to hospitals, aesthetic clinics, and private medical practices, ranging from laser technologies, diagnostic equipment, skincare, dermal fillers, intra-ocular lenses, and laser fibers.

NewPoint’s Role

NewPoint advised Richards Packaging in its targeted acquisition search, as well as the valuation, due diligence, negotiation, and closing of this transaction. 

Transaction Snapshot

Richards, through its subsidiary Clarion Medical Technologies, acquired Insight Medical through Clarion. Insight Medical is a Canadian provider of ophthalmic equipment and consumables. The strategic acquisition is expected to drive growth in the Canadian vision-care market by leveraging Clarion's platform.