Poly Medicure to acquire a 90% stake in Pendracare Group from Wellinq for $16.47m.

Poly Medicure, a manufacturer and exporter of a wide range of medical devices, agreed to acquire a 90% stake in Pendracare Group, a manufacturer of cardiology catheter solutions, from Wellinq, a medical device company, for $16.47m. "We are thrilled to announce the acquisition of Pendracare Group, a unique Interventional Cardiology consumable business in Europe," Himanshu Baid, Poly Medicure Limited Managing Director.