Innovia Acquires Grace

Healthcare

Innovia, a portfolio company of Inverness Graham, acquisition of Grace


Summary

Innovia Medical LLC (“Innovia” or the “Company”), a portfolio company of Inverness Graham Investments, Inc. (“Inverness Graham”), recently completed the acquisition of Grace Medical Group, Inc. (“Grace”). Terms of the transaction were not disclosed.

Baird served as exclusive financial advisor to Innovia on this transaction.

About

Innovia is a global manufacturer of physician-preferred consumable surgical products specializing in Ear, Nose and Throat (“ENT”) and Ophthalmic procedures, as well as sterile processing systems. Medical professionals rely on the Company to elevate patient care and improve clinical outcomes. Founded in 2015, Innovia is headquartered in Saint Paul, Minnesota.

Inverness Graham is an operationally focused private investment firm that seeks to acquire innovative companies where technology is transforming traditional industry. Founded in 2003, Inverness Graham is headquartered in Wayne, Pennsylvania.

Grace is a leading manufacturer of predominantly single-use surgical implants, instruments and related consumable products to treat ENT disorders. The firm's robust in-house manufacturing capabilities, deep physician relationships and proprietary product portfolio – supported by over 20 patents – position the combined business for sustained growth in its ENT activities. Founded in 1995, Grace is headquartered in Memphis, Tennessee.
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Healthcare

Innovia, a portfolio company of Inverness Graham, acquisition of Grace

Date
June 2025
Company
Innovia Medical LLC
Transaction
M&A - Buyside
Sectors
Healthcare
Verticals
Medical Technology
Target Geography
North America
Acquiror Geography
North America

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