US Endoscopy announces acquisition of Bracco Diagnostics Inc. Gastroenterology Business Unit
Mentor, Ohio — December 17, 2015 — US Endoscopy, a world leader in endoscopy device design and manufacturing, is proud to announce the acquisition of the Gastroenterology Business Unit (GBU) of Bracco Diagnostics Inc., the U.S. subsidiary of Bracco Imaging S.p.A., a global leading company in the diagnostic imaging business. The Bracco GBU portfolio primarily consists of CO2 insufflation systems, devices for biopsy collection and various accessories that improve the workflow and patient experience during an endoscopy procedure.
The Bracco GBU is recognized as a pioneer and leader in providing CO2 insufflation systems - insufflation of the lumen is required for visualization during endoscopy procedures. The proprietary offerings include the CO2EFFICIENT® Insufflator and the CO2MPACT Endoscopic Insufflator®. These systems eliminate the need for cumbersome attachments and specialized CO2 valves. The CO2EFFICIENT Insufflator includes the proprietary Managed Flow feature, an intelligent software program that senses when CO2 is not required by the clinician and automatically reduces the flow. The portfolio also includes the E-Z-EM Suction Polyp Trap™, QuickCatch™ In-Line Suction Polyp Trap, and E-Z-Guard™ Bite Blocks.
“US Endoscopy is broadening its portfolio offering related to CO2 insufflation and biopsy collection,” says Tony Siracusa, Vice President and General Manager of US Endoscopy. “The addition of CO2 insufflation systems allows US Endoscopy to better serve our Customers in this growing clinical area. We continue to see the use of CO2 insufflation versus standard room air during endoscopy procedures grow due to its clinical benefits of reduced patient discomfort post procedure. We are thrilled to now be able to offer our Customers a CO2 solution through US Endoscopy.”
“This transaction is consistent with Bracco’s patient-centric approach and its strategy to develop and deliver contrast media products and innovative solutions to meet the evolving needs of physicians and other professionals involved with diagnostic imaging. In this framework, Bracco has elected to focus on its core business and transfer its Gastroenterology products to a bigger player in that market space,” states Vittorio Puppo, Chief Executive Officer and President of Bracco Diagnostics Inc.
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About US Endoscopy
US Endoscopy, a subsidiary of STERIS Corporation, is a world leader in endoscopy device design and manufacturing, serving the U.S. and international gastrointestinal endoscopy markets. By listening and delivering solutions in the field of endoscopy, our unique lines of devices provide better, more enhanced product options for GI clinicians. A significant and growing portion of sales are from endoscopic devices created by the company's new product development team with the guidance and direction of luminary physicians and nurses worldwide. For more information, visit www.usendoscopy.com.
About STERIS Corporation
The mission of STERIS Corporation is to help our Customers create a healthier and safer world by providing innovative healthcare and life science product and service solutions around the globe. For more information, visit www.steris.com.
About Bracco Imaging
Bracco Imaging S.p.A., part of the Bracco Group, is one of the world’s leading companies in the diagnostic imaging business. Headquartered in Milan, Italy, Bracco Imaging develops, manufactures and markets diagnostic imaging agents and solutions that meet medical needs. Bracco Imaging offers a products and solutions portfolio for all key diagnostic imaging modalities: X-ray Imaging (including Computed Tomography-CT, Interventional Radiology, and Cardiac Catheterization), Magnetic Resonance Imaging (MRI), Contrast Enhanced Ultrasound (CEUS), and Nuclear Medicine through radioactive tracers. The diagnostic imaging portfolio is completed by a range of medical devices, advanced administration systems and informatics solutions. The Company operates in over 100 markets worldwide, either directly or indirectly, through subsidiaries, joint ventures, licenses and distribution partnership agreements. For more information, visit www.braccoimaging.com.
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