Two acquisitions drive mission at Sigvaris

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Friday, October 21, 2016

PEACHTREE CITY, Ga. – Sigvaris says it is two steps closer to becoming a complete solution provider for multiple therapy needs.

The company, which develops, produces and distributes medical compression garments, recently acquired Pani Teresa Medica in Wrzeoenia, Poland, and BiaCare in Holland, Mich.

“These acquisitions bring expertise, a more complete product line and credibility,” said Scot Dubé, president and CEO of North America.

Sigvaris, which has its NA headquarters here and has its group headquarters in Winterthur, Switzerland, distributes in more than 70 countries on six continents.

Pani Teresa Medica brings to Sigvaris additional therapy options for sports medicine therapy, as well as back support.

“We have not formally brought these products to the United States but are exploring the possibility of doing so,” Dubé said.

BiaCare brings to Sigvaris expanded options for patients with more complex medical conditions and more severe chronic venous insufficiency.

“Our goal is to be the global go-to brand for patients with moderate to severe conditions requiring medically complex compression,” Dubé said.

Sigvaris is growing along with the market. More than 80 million Americans have a venous disorder, according to the American College of Phlebology, and 90% of the population shows signs of venous and blood vessel deficiency from early adulthood, according to the Bonn Vein Study. 

“We believe as more people continue to talk about leg health and wellness in general, the need for these types of products will continue to grow,” Dubé said.

Sigvaris hopes to stimulate those conversations.

“We are going to continue to make great products and connect with patients,” Dubé said. “Medical education has been and will continue to be a key area of focus for us.”