Trice Medical announces acquisition of Tenex Health
Trice Medical, an imaging solutions company, has announced the acquisition Tenex Health, a company that specializes in ultrasonic technology for the treatment of chronic pain in soft tissue and bone, according to a press release.
“We are extremely excited to add this effective and innovative technology to our portfolio and build on our combined strengths,” Mark Foster, CEO and president of Trice Medical, said in the release. “Hospitals are driving many large-joint and spine procedures into the surgery center. We believe there are several extremities procedures that can be driven further down the chain into the procedure rooms, without the need for the infrastructure, staff and costs of the operating rooms. Our mission is to provide products that can help with this transition. We are building a big business in small procedures,” Foster added.
“Tenex has spent significant time and energy over the past few years to find an ideal partner in order to unleash the potential of our products that benefits the patients, physicians, employees and stakeholders,” Chuck Grant, CEO of Tenex Health, said in the release. “We are confident we have found that partner in Trice and see a bright future for the combined organization.”