Key Surgical and Interlock Merge

key-surgical

Key Surgical Inc. and Interlock Medizintechnik GmbH have merged to create a provider of sterile processing and operating room supplies. Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry, led the merger of the U.S. and European providers and invested in the newly combined company.

“We are tremendously excited about the combination of our companies and the benefits it will bring to our customers,” said Scot Milchman, chief executive officer, Key Surgical. “Key Surgical and Interlock are highly regarded in the U.S. and Europe for our expertise, broad product offering and exceptional customer service. Together, we will offer hospitals and surgical centers a comprehensive portfolio of products and supplies that support the industry’s highest quality standards for patient care and safety in the surgical setting.”

Key Surgical, founded in 1988, is a U.S. provider of products that clean, protect and identify surgical instruments. Interlock, a European provider to central sterile supply departments, recently expanded its portfolio and geographic reach with its acquisition of Clinipak Ltd. in the United Kingdom. As one company, Key Surgical and Interlock will offer a broad range of sterile processing and operating room products and supplies to nearly 10,000 hospitals and surgical centers around the world.

Financial terms of the transaction are not being disclosed.