Announced
Completed
Financials
Tags
United States
workflow solutions
Medical Equipment
surgical instrument tracking
Acquisition
Majority
Completed
Single Bidder
Private
Friendly
Private Equity
Synopsis
Fortive, diversified industrial growth company, completed its acquisition of Censis Technologies, which provides SaaS-based surgical instrument tracking and workflow solutions, from The Riverside Company. Financial terms were not disclosed. "Our team had a clear value creation plan going into the investment. We executed on that plan in close partnership with management to drive organic growth, improve the product suite to enhance the company's leadership in the market further, and complete a key add-on acquisition." Loren Schlachet, Riverside Managing Partner.
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