Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Equashield Medical worth $1.3 Billion after Nordic Capitol Buys 25% stake for $300 Million

Equashield

Equashield Headquarters (company pic)

Equashield, an Israeli medtech company that develops, manufactures and markets devices to make drugs safer in hospitals by protecting healthcare workers from exposure to hazardous drugs and preventing microbial contamination, has raised $300 million in investment from Nordic Capital for a 25% stake in the company. This left Equashield with a $1.3 billion valuation.

This comes as no surprise to anyone who has followed Israel Startup Nation over the years. Its firms are known for their medtech breakthroughs. This is probably because of all of the expert medical scientists in the country. In the last few months alone, companies like Cytoreason, an Israeli medtech startup, raised $20 million for developing a computational model of the human body. The company collects proprietary data from pharma companies and uses it to simulate human diseases – tissue by tissue, cell by cell. And Olive Diagnostics raised funds for its KG, the world’s first artificial intelligence (AI)-based optical device capable of early detection of diseases at home or in the clinic. Basically, you will soon be able to do your own stool and urine tests and more from the comfort of your own home.

And Israeli universities like the Hebrew University and the Weizmann Institute are at the forefront of medical research with new breakthroughs being made on a regular basis in every area from news cancer treatments to Covid research.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

Founded by CEO Eric Shem-Tov in 2008, Equashield is a privately held medical device company with over 400 employees providing a Closed System Transfer Device (CSTD) for the safe handling of hazardous drugs. Dedicated to providing a simple and elegant design that is also unprecedented in safety and ease-of-use, Equashield has committed itself to protecting healthcare workers from the risks associated with exposure to hazardous drugs and vapors.

Nordic Capital has over 30 years of experience accelerating the growth of innovative Healthcare and Technology companies across Europe and North America. Nordic Capital said that it will help Equashield further accelerate its growth initiatives in close partnership with the founders and management.

“We are excited to partner with Nordic Capital. The cultural alignment between our two firms was a key driver behind our decision to invite Nordic Capital to join as a significant shareholder and support our continued growth. We also share an excitement about our pipeline of innovative compounding technologies, including our novel automated compounding system that utilizes machine learning to optimize the drug compounding process and further improves the safety and efficiency of handling hazardous drugs. Equashield is ideally positioned for robust growth, and together we will fulfill our commitment to make global healthcare delivery safer for healthcare professionals and patients alike,” said Eric Shem-Tov, CEO & Founder, Equashield.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.