GADA Group (Palex Medical) acquires 100% of INNOVAMEDICA S.p.A

Rome, November 28, 2023. GADA Group, a leading provider of high-tech medical solutions and integrated clinical and healthcare services, acquires 100% of INNOVAMEDICA S.p.A., a company specialized for more than 20 years in the distribution of solutions for minimally invasive surgery, digestive endoscopy, enteral nutrition, urogynecology and endourology.

“This transaction – says Antonio Biagio De Marinis, GADA Group’s CEO represents another significant step consistent with our inorganic development strategy, allowing us to strengthen our commitment to providing cutting-edge solutions for patient care. The integration of INNOVAMEDICA into our Group will allow us to further diversify our offering, entering clinical areas crucial for the diagnosis and treatment of a wide range of diseases. This acquisition reflects our commitment and that of Palex Medical, an international group we are part of, to seek strategic opportunities in step with industry developments and proactively respond to the needs of Italian healthcare. We are convinced that the INNOVAMEDICA’s entry into our Group will create synergies that will lead to extraordinary results.”

“Today, with great satisfaction for the path taken so far by INNOVAMEDICA – says Marco Cavalli, INNOVAMEDICA S.p.A.’s President we enter the GADA Group and Palex Medical’s vast network. This acquisition represents both recognition of our commitment and a concrete opening to important growth and development horizons for our company. The combined strength of INNOVAMEDICA, GADA, and Palex is a synergy of skills, experience, and resources that will result in innovative solutions for the medical industry, in combination with all historical brands and reference suppliers that together with INNOVAMEDICA made the history and the success up until now and a lot more in the future: we share with our new partners the vision of raising the standards of medical care and anticipating market needs. We want to express our gratitude to all the people at INNOVAMEDICA, who not only have contributed to the success of our company so far, but will find new stimulation in this dynamic partnership with GADA and Palex Medical.”

In the transaction, GADA Group was assisted by a team from Studio Legale Cappelli RCCD, led by attorney Ilaria Maria Placco. GADA Group was also supported by PwC for financial aspects, with a team led by Dr. Giovanni Tinuper and Dr. Bianca Varcasia, and for compliance aspects with a team led by Dr. Antonio Castro. Finally, for tax aspects, GADA Group was assisted by Studio Gitti and Partners with a team led by Dr. Diego De Francesco and Dr. Saverio Pizzi.

The Selling Members of INNOVAMEDICA S.p.A. were assisted for the legal aspects by the RPLT firm (RP Legalitax) with a team made up of the partners Claudio Elestici, Nicola Carù and the associate Alessandro Anedda and for the tax aspects by the Guatri firm with a team led by Giorgio Guatri.

INNOVAMEDICA SPA

Since 1999 INNOVAMEDICA S.p.A. is a reference point in Italy in the proposal of innovative technological solutions for minimally invasive and mechanical surgery, digestive endoscopy and enteral nutrition, urogynecology and endourology. With headquarters in Cusago (Milan) and more than 30 employees, it operates throughout the country with a direct sales network consisting of agents, employees and local distributors.

www.innovamedica.com

GRUPPO GADA

For more than 40 years, GADA Group provides therapeutic solutions for the treatment of cardiovascular diseases, blood collection and management, pre-analytical laboratory phase, dialysis, intensive care and critical care areas. With nearly 300 employees, the Group also has a proven track record in providing specialized services for hospital facilities, such as service management (material management) and clinical staff outsourcing, as well as the production of integrated systems for traceability and safety in healthcare.

www.gadagroup.com