Cogentix Acquires Genesis Medical

Cogentix Medical, a medical device maker in the urology and gynecology markets, said Wednesday it has acquired the privately held, UK-based Genesis Medical. The company said it purchased the tangible assets of Genesis Medical and said it will pay up to GBP515,000 ($672,000) for the ongoing business, dependent on Genesis achieving certain revenue milestones through March 2019.

Cogentix said the transaction is expected to generate incremental revenue in H2 of $0.8 million, and more than $2.0 million of incremental revenue in 2018. Genesis sells and markets a variety of products to urologists, and has been the exclusive UK distributor of Cogentix endoscopy systems since 2013.

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