Electronics and plastics purchase could now be consolidated to single supplier, thanks to this acquisition
As healthcare industry moves towards connected healthcare, which means companies would now have to procure plastics, electronics as a combo, making supply chain of buyers more complex than ever.
In times like these, Molex, a connected healthcare pioneer surfaces as an ideal strategic partner. Thanks to its recent acquisition of Phillips Medisize that makes it a go to guy for all healthcare sourcing requirements.
Phillips Medisize has been one of best medtech focused CMO , taking a lead position in many segments like drug delivery, connected healthcare and diagnostics solutions.
Molex-Phillips Medisize deal closed recently and has become a major milestone for medtech contract manufacturing operations.
Medtech OEMs could now breathe a sigh of relief as lot of their strategic operations could be outsourced to Molex.
Medical device outsourcing is basically divided into two major categories:
- Medical device EMS
- Medical device plastics
Molex-Phillips Medisize acquisition just goes about highlighting a key trend in the industry, which is, cross services acquisition. Services consolidation has begun and there will be a likely increase in deal counts of similar kind.
A deal that shares a similar resemblance as that of Molex-Phillips is Jabil-Nypro.
Phillips Medisize had previously acquired Injectronics and Medicom, both acquisitions were done in very short duration gap. Finally Phillips acquisition spree was paused, that was because Molex acquired Phillips.