pfm medical takes over Hirtz & Co. KG
pfm medical, a medium-sized family company with an international presence that has been offering medical devices, services and therapy options in its main focus fields of surgery, histotechnology, cardiovascular technologies and infusions for over 40 years, will take over the business of Hirtz & Co. KG (HiCo). The acquisition will allow pfm medical, a globally active company, to expand its medical devices portfolio.
Hirtz & Co. KG (HiCo) is a medium-sized medical devices company whose main focus is on products such as hypothermia and hyperthermia systems, bedsore prevention solutions and inhalation devices. Over the past years, HiCo has struggled to keep pace with the increasingly intense competition. The company has also been faced with ever greater challenges arising from the more stringent regulatory requirements of the EU Medical Device Regulation. In pfm medical, HiCo has found a buyer who also has the requisite knowledge and expertise in these areas, and who plans to strengthen its position as a manufacturer of premium quality medical devices.
HiCo is set to become an independent member of the pfm medical family
By taking over HiCo’s entire portfolio and all of its employees, pfm medical is guaranteeing that the business continues to run smoothly. The HiCo brand is well established internationally, and within the pfm medical group HiCo will remain a legally independent partner with its own customers and suppliers. “By acquiring the HiCo products and brand, we are extending our competence as a specialist manufacturer of medical devices,” emphasises Aurel Schoeller, Chairman of the Management Board at pfm medical. “The HiCo product portfolio represents an ideal supplement to our offering at pfm medical. Our vision is to offer products and solutions that are proven to be effective. We strive constantly to help users of our solutions deliver better quality work, and to improve quality of life for patients – that is our mission. This is precisely what the HiCo products can help us to achieve in the new focus fields.” Schoeller goes on to summarise the company’s goals: to ensure future compliance with all regulatory requirements, to expand the current sales network and enhance the company's international presence, and to initiate new developments.
Short profile pfm medical
pfm medical is one of the leading German providers of special solutions in the healthcare sector. The Cologne-based family-owned company was founded in 1971, and has 600 employees at twelve international locations. In 2019, pfm medical generated an EBIT (earnings before interest and taxes) of EUR 1.7 million with a turnover of EUR 115.5 million.
The medical product provider holds 340 granted property rights in over 90 patent families worldwide and markets a diverse portfolio comprising nearly 3,000 products in over 100 markets.
Its products span the following four medical focus fields: Surgery (e.g. drainage systems and titanised mesh implants), infusion (e.g. mobile electronic infusion pumps and implantable port catheters), histotechnology (e.g. blades and laboratory equipment) and cardiovascular technology (e.g. implantable occlusion devices for the interventional treatment of congenital heart disease and special catheters).
pfm medical combines products and services to a comprehensive package of solutions. For instance, the company provides training and advice to users such as medical practitioners, nursing staff, patients and their families to support optimal therapy outcomes in both inpatient and outpatient healthcare. When developing innovative solutions in close cooperation with leading medical practitioners and specialist partners, pfm medical invariably focuses on improving the quality of life of both users and patients.
pfm medical ag
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