BVI Medical

BVI Medical, headquartered in Waltham, Massachusetts, is a global developer, manufacturer, and marketer of specialized surgical devices tailored for the ophthalmic sector. The company offers a diverse range of products, including Beaver blades, Visitec cannulae, Merocel and Weck-Cel ophthalmic fluid management products, and Wet-Field Eraser electrosurgery devices. These products are designed to support various ophthalmic surgeries, such as those addressing cataracts, refractive errors, glaucoma, retinal diseases, and dry eye conditions. BVI Medical operates two advanced manufacturing facilities located in Waltham, MA, and Bidford, UK. Established in 2010, the company emerged from the integration of three distinct ophthalmic product businesses previously owned by Becton Dickinson, Medtronic, and Aspen Surgical, thereby positioning itself as a significant player in the ophthalmic market.

Shervin Korangy

President, CEO and Board Member

4 past transactions

Beyeonics

Debt Financing in 2021
Beyeonics is a medical technology company founded in 2012, based in Israel, and comprised of former senior engineers from Elbit Systems. The company is focused on transforming surgical visualization and information delivery through innovative virtual and augmented reality solutions. Beyeonics' technology aims to replace traditional surgical microscopes, allowing for real-time integration of extensive data during procedures. This advancement enhances surgeons' efficiency, patient safety, and overall surgical outcomes. The company is developing visualization systems for various surgical applications, including spine surgery, minimally invasive procedures, robotic surgery, and use in cardiovascular catheterization labs. Beyeonics collaborates with leading medical professionals and institutions, including experts from the Tel Aviv Sourasky Medical Center and Retinal Consultants of Arizona, to further its mission of improving surgical practices.

PhysIOL

Acquisition in 2018
PhysIOL S.A., founded in 1986 and based in Liege, Belgium, is a medical device company specializing in the research, development, manufacture, and marketing of intraocular lenses (IOL) and ophthalmic surgical equipment. Its product portfolio includes trifocal lenses such as FineVision HP, monofocal lenses like Ankoris, injection systems including PhysIOL 1.2.3, enhanced monofocal lenses like PodEye, standard monofocal lenses such as SlimFlex, and viscoelastics like PhysioVisc. Additionally, the company offers technologies such as Double C-loop and FINE. PhysIOL markets its products globally through a distribution network spanning Europe, Asia, the Americas, Africa, and Oceania. The company also operates a sales office in Toulouse, France.

Vitreq

Acquisition in 2017
Vitreq is a next-generation ophthalmic technology company based in Vierpolders, Netherlands, specializing in the development and manufacturing of innovative products for the ophthalmic industry. With a focus on vitreoretinal surgery, the company collaborates with experienced surgeons to design a range of high-quality, minimally-invasive instruments. Vitreq's product portfolio includes disposable micro forceps, scissors, backflush instruments, and surgical liquids, all aimed at enhancing the safety and effectiveness of eye surgeries. The company's in-house team of research and development, engineering, and manufacturing professionals ensures that its offerings meet the evolving demands of modern surgical practices.

Malosa Medical

Acquisition in 2017
Malosa Medical is a manufacturer and supplier of single-use surgical instruments, specializing in ophthalmology. The company provides cost-effective, high-quality surgical instruments designed for common procedures, such as cataract surgery and intravitreal injections. Malosa Medical equips surgeons with convenient, sterilized, single-use packs that contain all the necessary instruments and consumables for specific ophthalmic procedures, ensuring efficiency and safety in surgical settings.
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