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Sterile Concepts buys procedure tray competitor

This article was originally published in Clinica

Executive Summary

Sterile Concepts, which claims to be the second largest provider of custom procedure trays to US hospitals, has acquired a smaller competitor, Medical Design Concepts. Financial terms were not disclosed. The purchase increases Sterile Concepts' US market share from around 16% to 19%, says CEO Paul Woo, adding: "It provides us with a production facility and significant market presence on the west coast."

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