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.