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HR Pharmaceuticals acquires Georgia-based catheter manufacturer
Ioannis Pashakis//January 12, 2022
York-based HR Pharmaceuticals, Inc. Is expanding its offerings of urology products with the acquisition of catheter manufacturer Medical Technologies of Georgia (MTG).
HR Pharmaceuticals announced on Friday that it recently acquired the Covington, Georgia-based medical supply company for an undisclosed amount of money.
MTG’s urology products are created for users with hand and finger dexterity impairments. Along with new products for paraplegics, MTG offers catheters for tetraplegics as well as women and children.
The products join HR Pharmaceuticals growing portfolio of medical products, which includes HR Lubricating Jelly, Surgilube Surgical Lubricant, EcoVue Ultrasound Gel and TruCath urological products.
“MTG’s product line complements our current product portfolio and will accelerate our strategy to become a market leader in urological products that service patients across the continuum of care,” said Colby Wiesman, president and CEO of HR. “We look forward to investing in and growing the business for our customers, employees, and community.”
When completed, the acquisition will make HR the only independent catheter manufacturer in the U.S., according to HR.
Randy Golden, whose family founded MTF in 1997, will transition to HR’s team.
“MTG has been a pioneer in developing and improving closed-system catheters proven to reduce the risk of recurrence of urinary tract infections in people with mobility impairments,” said Golden. “I am thrilled to find a partner in HR that shares our values and vision for creating innovative products that positively impact people’s lives.”
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