Bridge to Life Strengthens Position with VitaSmart Acquisition

Deal News | Dec 18, 2024 | PR Newswire Cision Bridge to Life, Ltd.

Bridge to Life Ltd has made a strategic acquisition of the VitaSmart™ Hypothermic Oxygenated Machine Perfusion System from the Italian biomedical and MedTech company Medica S.p.A. The acquisition includes global branding and registration rights, strengthening Bridge to Life's position in organ preservation solutions. This move underscores Bridge to Life's commitment to advancing transplant medicine, potentially enhancing global access to transformational technology for organ transplant centers and ultimately benefiting patients awaiting viable organ transplants. The deal also aligns with Bridge to Life's objectives to expand its market reach and consolidate its portfolio with proven technologies. Medica S.p.A., having developed high-tech products for blood and water purification, will aid Bridge to Life in enriching its portfolio and enhancing its capabilities in transplant medicine. The company emphasizes quality, innovation, and accessibility, collaborating with leading transplant centers and organ procurement entities globally. Bridge to Life's CEO, Don Webber, highlighted that the company is close to completing FDA approval applications for the system, with plans to introduce it to the U.S. market in early 2025. This strategic acquisition is expected to enhance the company's market value and meet the global demand in the burgeoning organ preservation sector.

Sectors

  • Biomedical Technology
  • Healthcare

Geography

  • United States – Bridge to Life is preparing for FDA approval to introduce VitaSmart in the U.S. market.
  • Italy – Medica S.p.A., the seller of VitaSmart, is based in Italy, contributing to the biomedical industry's development.

Industry

  • Biomedical Technology – The acquisition involves advanced biomedical technology for organ preservation, improving transplant processes.
  • Healthcare – The deal is centered around improving transplant outcomes, a key focus in healthcare systems worldwide.

Financials

    Participants

    NameRoleTypeDescription
    Bridge to Life LtdBuyerCompanyA leader in organ preservation solutions, focusing on product quality, innovation, and accessibility.
    Medica S.p.A.SellerCompanyAn Italian integrated biomedical and MedTech group with a strong international presence.
    Don WebberCEO and PresidentPersonCEO and President of Bridge to Life Ltd, overseeing the strategic acquisition.