Portland bandage-maker acquired for $3M

Portland bandage-maker acquired for $3M

Portland-based surgical bandage-maker HemCon Medical Technologies was acquired for $3 million by a Connecticut company.

TriStar Wellness Solutions, Inc. says it will retain HemCon as a subsidiary, and has no plans to lay off its roughly 30 U.S. employees.

The HemCon purchase is intended to help TriStart increase its share of the $17 billion global wound care market, the company said in an announcement.

Read more at OregonLive.com.

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