SPDx Acquired by Instrumentum, Expanding Sterilization Services
Deal News | Jun 11, 2025 | EIN
In a recent announcement, Grand Rapids-based venture capital firm cultivate(MD) disclosed that its portfolio company, Sterile Processing Express (SPDx), has been acquired by Instrumentum, LLC. This acquisition aligns with Instrumentum's strategic plan to expand its footprint to five facilities across four states, enhancing its capacity for offsite sterile processing in response to rising elective surgeries in hospitals and ASCs. With this strategic move, SPDx will integrate its operations into Instrumentum's scalable commercial platform, accelerating nationwide growth. Cultivate(MD) directors, David Blue and Matt Ahearn, highlighted the transaction as a major success, underscoring the firm's investment successes in transformative healthcare solutions. Instrumentum, headquartered in Boca Raton, Florida, aims to become a leader in medical device sterilization services. This deal exemplifies a significant step for cultivate(MD) in advancing healthcare innovation.
Sectors
- Healthcare
- Venture Capital
Geography
- United States – The companies involved, cultivate(MD) and Instrumentum, are based in the United States, with operations across various states including Florida, Illinois, Arizona, California, and Michigan.
Industry
- Healthcare – The article discusses companies involved in medical device sterilization and healthcare innovation, which are crucial components of the healthcare industry.
- Venture Capital – Cultivate(MD) is a venture capital firm investing in healthcare innovation, illustrating its role within the venture capital sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| cultivate(MD) | Selling Company | Company | A venture capital firm focused on healthcare innovation, it is the seller of SPDx in this transaction. |
| Sterile Processing Express (SPDx) | Target Company | Company | A portfolio company of cultivate(MD), specializing in sterile processing services, acquired by Instrumentum. |
| Instrumentum, LLC | Bidding Company | Company | A company specializing in surgical instrument sterilization services, which acquired SPDx. |
| David Blue | Director at cultivate(MD) and SPDx Board Member | Person | Commented on the successful merger of SPDx with Instrumentum. |
| Matt Ahearn | Director at cultivate(MD) and SPDx Chairman of the Board | Person | Discussed the strategic and operational integration post-acquisition. |