Instrumentum Acquires cultivate(MD)'s Portfolio Company

cultivate(MD) has announced that its portfolio company, Sterile Processing Express (SDPx), was acquired by Instrumentum, LLC. PR Newswire has the press release.

cultivate(MD) is a medical device venture capital company, and Instrumentum is a company that specializes in surgical instrument sterilization services. This acquisition will expand “Instrumentum's operational footprint to five facilities across four states, significantly enhancing its capacity to meet the increasing demand for offsite sterile processing driven by the continued rise in elective surgeries at hospitals, clinics, and ambulatory surgery centers (ASCs).”

The transaction also “marks a successful outcome for SPDx's sterile processing model, validating cultivate(MD)'s early investment thesis. As part of Instrumentum, SPDx's operational capabilities will now integrate with a scalable commercial platform, accelerating nationwide expansion and increasing value across the surgical care ecosystem.”

Matt Ahearn, the director at cultivate(MD), said that this transaction “represents a strategic move that enables the facility launch, quality, and operational expertise of SPDx, to be integrated with the commercial strategy of Instrumentum, ensuring that combined efforts of both teams maximize the potential of this market opportunity.”