Accelerating Growth at Clinisupplies

We announced some exciting news today: We have entered into an agreement to establish a strategic partnership with Sironix Medical Technologies BV. Sironix is a Netherlands based global medical devices company and part of the Sutures India group.

Sutures India (SIPL) is India's largest surgical sutures manufacturer and indeed the 4th largest in the world. They manufacture the entire range of absorbable and non-absorbable sutures besides surgical meshes, staplers, surgical gloves, surgical paper tapes and Foley’s catheters, several new products in the pipeline.

SIPL is a professionally run company, with the key management team having worked for several years with global corporations such as Becton Dickinson, Allergan, Johnson & Johnson and Timken. In addition to the original founders, TPG Growth, one of the largest private equity funds in the world, and CX Partners, a leading Indian fund, are the owners of the company.

The company employs over 200 sales personnel, selling and distributing its products to reputed hospitals & nursing homes through over 1,500 stockists nationally – one of the largest medical products distribution networks in the Indian market!! SIPL also has a strong export base, selling to over 91 countries in Europe, South America, Africa & Asia.

For us at Clinisupplies, this is a bold step into the future and the next big phase of the transformation we announced on January 2015 - We are very excited about the prospect of being part of a global medical technologies group. We are confident that our partnership will yield incredible growth.

“Now is the time to build on this momentum and accelerate our market share and profits in a global medical device business. Clearly, greater success with medical devices will strengthen the overall opportunity for us and our partners to deliver on our strategy to create a family of products for clinicians and patients alike that deliver positive and sustainable healthcare outcomes”said Mahadevan Narayanamoni - Director of Sironix Medical Technology

“This is a smart move for Clinisupplies, and is a good deal for both companies. Given our relationship with SIPL over the last 8 months, we expect a smooth transition and great execution” said Hemang Badiani – founder and CEO of Clinisupplies Ltd

While today’s announcement is big news and the partnership will open several new avenues in terms of new markets / new products, we have to stay heavily focused on running the current business. We have a huge opportunity ahead of us, so we need to execute flawlessly and continue to drive our business forward.

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