Lauxera Capital Partners Acquires Galen Data, Expanding Medical Tech Solutions
TL/DR –
Lauxera Capital Partners, a healthcare specialist investor, has acquired Galen Data, a provider of secure, cloud-based connectivity solutions for medical devices. The acquisition follows Lauxera’s previous purchase of Matrix Requirements, an ALM and eQMS software solution for medical device R&D and Quality teams, and aims to create a vertically-integrated software solution for medical device companies. Galen Data sees the partnership as a chance to accelerate growth, expand services, and continue innovation in the medical device industry.
Lauxera Capital Partners Acquires Galen Data
On November 25, 2024, Paris-based asset management firm, Lauxera Capital Partners, announced its acquisition of Galen Data, a Houston-situated provider of secure, cloud-based connectivity solutions for medical devices. This acquisition succeeds Lauxera’s 2022 buyout of Matrix Requirements, a leading software solution for medical device R&D and Quality teams.
This strategic acquisition unites industry leaders offering highly complementary medical devices to the same clientele. Galen’s cost-effective and secure solutions facilitate Medtech companies to improve care by effectively utilizing data from their medical devices.
Samuel Levy, Founding Partner at Lauxera Capital Partners, expressed enthusiasm about working closely with Galen Data to bolster the company’s global commercial engine.
Galen Data sees this acquisition as a thrilling new chapter, providing them with expanded financial resources and a larger, global team. CEO, Chris DuPont, anticipates accelerated growth into new markets and an expansion of services, driving innovation that’s at the core of their business.
Laurent Grandidier, Executive Chairman of the Board, added that the acquisition is a significant step towards their vision of offering turnkey software solutions to medical device companies. Legal and tax matters regarding the acquisition were advised by Goodwin Proctor.
About Lauxera Capital Partners
Lauxera Capital Partners, founded in 2020, is a France and US-based asset management company. Specializing in healthcare, their first fund, Lauxera Growth I, collected 262m€ of capital from investors, investing in 12 fast-growing Healthtech businesses across Europe and the US. The team’s intimate knowledge of the US healthcare ecosystem, coupled with their understanding of European innovation trends, positions Lauxera as a strong value-adding partner.
About Galen Data
Galen Data’s cloud-based platform connects medical devices, facilitating real-time data collection, storage, and analysis. The platform adheres to key industry standards, including FDA, HIPAA, GDPR, and CE Marking, assisting medical device companies to expedite time-to-market while ensuring regulatory compliance. Galen Data is an ISO 13485:2016 certified company and is HITRUST r2 Certified on AWS.
—
Read More Health & Wellness News ; US News