MONTREAL, March 1, 2021 – Galen Medical Ltd., a privately-held Montreal-based Canadian surgical products company with a national sales force, has purchased Caster Medical Systems. The acquisition bolsters Galen Medical’s business in Anesthesia, Emergency Medicine and ICU whilst broadening its product range.
Caster Medical Systems (castermedical.com) was founded in 1992 by Bob Caster, and is a distributor of specialized medical products in blood and fluid warming, hyperthermic lavage, temperature management and non-invasive patient monitoring. The company is headquartered in Oakville, Ontario.
“Caster Medical Systems has a very strong presence in hospitals across the country as well as the Canadian military, and in markets that we have been seeking to increase our presence in. Galen Medical is excited to expand our reach through this acquisition and we believe that Caster Medical’s products are a perfect complement to our existing surgical products portfolio,” said Jean-François Granger, President of Galen Medical.
Galen Medical has grown considerably in the past five years, in part through acquisitions but also from organic growth and the distribution of new product lines. Galen Medical is a Pacific Surgical company, which operates seven integrated companies in the healthcare industry across Canada.
“The acquisition of Caster Medical Systems by Galen Medical supports our objective for continued growth within the specialty medical devices market in Canada,” said Michael Fish, President of Pacific Surgical. “Bob Caster has built a great company with solid product lines and an excellent reputation; we are excited to take Caster Medical Systems to the next level and will work closely with its partners and customers to make the transition a success”.
About Galen Medical
Galen Medical Ltd. is a Canadian owned and operated specialty surgical products company dedicated to providing its customers with quality products and service since 1986.
About Pacific Surgical
Pacific Surgical is a group of innovative healthcare companies committed to bringing progressive products and service solutions to customers in Canada and around the globe.
Jean- François Granger, President
Galen Medical Ltd.