Global medical device company CooperSurgical has acquired Safe Obstetric Systems, a privately held manufacturer of medical device Fetal Pillow, for about $52.2 million, along with a contingent payment of up to $14 million based on future revenue growth.
The FDA-approved product is used to elevate the fetal head during a fully dilated Caesarean section, making the delivery easier and less traumatic for the mother and baby.
Al White, president and CEO of Trumbull-based CooperSurgical, said the acquisition “aligns perfectly with our mission of advancing women”™s health care ”¦. (by) providing our team a truly innovative product with strong clinical benefits that helps address the market need for safer childbirth.”
Safe Obstetric Systems is based in the U.K. Fetal Pillow generated revenues of approximately $4.9 million in calendar year 2020.
Last month, CooperSurgical acquired California-based AEGEA Medical and its FDA-approved Mara Water Vapor Ablation System for an undisclosed amount.
