ZEELAND — BiaCare Corp., a Zeeland-based manufacturer of compression garments and bandages, was acquired by SIGVARIS Group, a Swiss maker of medical compression textiles.
BiaCare was founded 12 years ago and employs 22 people in Zeeland, according to a statement. The company developed a range of compression products with velcro wraps to treat lymphedema, lipedema and chronic venous insufficiency.
“BiaCare and SIGVARIS are perfectly aligned, not only in our passion to see patients with complex edema have better outcomes and an improved quality of life, but also, in a common culture of teamwork and continuous innovation based on feedback from the patient and clinical communities,” BiaCare Vice President Dan Karadsheh stated.
Terms of the deal were not disclosed.
SIGVARIS pursued the acquisition as part of its international growth strategy for medically complex compression applications, calling BiaCare “a pioneering leader” in the segment.
For BiaCare, the deal “significantly increases our ability to provide physicians and therapists the compression solutions they need,” according to President Keith Hoffman.