Innovia Medical Accelerates Growth Strategy with Acquisitions of Grace Medical and Hurricane Medical
Innovia Medical, a prominent global medical device company specializing in specialty surgical products, has taken a significant step forward in its strategic growth plan by announcing the acquisition of two highly respected medical device manufacturers: Grace Medical and Hurricane Medical. These acquisitions are set to enhance Innovia’s global footprint, broaden its clinical capabilities, and reinforce its position as a comprehensive provider of specialty surgical solutions.
This strategic move represents a critical milestone in Innovia Medical’s long-term vision to develop an integrated and diversified platform of innovative, high-performance surgical tools and technologies. The addition of Grace Medical and Hurricane Medical will enable Innovia to better serve clinicians and healthcare providers across a broader range of specialties, while also elevating patient outcomes through the integration of advanced technologies and clinical expertise.
A Strategic Expansion of Specialty Surgical Capabilities
Grace Medical, based in Memphis, Tennessee, has established itself as a global leader in Ear, Nose, and Throat (ENT) surgical products. Known for its innovation, clinical excellence, and highly specialized solutions, Grace Medical brings to the table a robust portfolio that includes advanced tympanoplasty tools, ossicular prostheses, and other sophisticated ENT instrumentation.
In parallel, Hurricane Medical, located in Bradenton, Florida, specializes in ophthalmic surgical products and has developed a strong reputation for delivering reliable, high-quality solutions to eye care professionals. With a focus on precision instrumentation and procedural efficiency, Hurricane Medical’s offerings are valued in both domestic and international ophthalmology markets.
By acquiring both companies, Innovia Medical is advancing its commitment to delivering a full spectrum of specialty surgical products across ENT and ophthalmology – two of the most precise and rapidly evolving areas of surgical medicine. The integration of these businesses under the Innovia Medical umbrella is expected to result in significant operational synergies, clinical knowledge-sharing, and enhanced value to customers worldwide.
Leadership’s Vision and Strategic Alignment
Terry Meredith, Chief Executive Officer of Innovia Medical, expressed his enthusiasm for the newly announced acquisitions and highlighted the complementary strengths the two companies bring to the organization.
“Grace Medical and Hurricane Medical have both built strong reputations within their respective specialties – ENT and Ophthalmology – and we are proud to bring their expertise and talent into the Innovia Medical family,” Meredith stated. “Grace Medical brings a leading portfolio of highly specialized ENT products that address complex surgical needs, while Hurricane Medical adds a complementary range of Ophthalmic solutions, backed by strong manufacturing capabilities and a deep commitment to customer service.”
According to Meredith, this strategic expansion positions Innovia Medical to provide more comprehensive, high-quality surgical solutions, reinforcing the company’s mission to empower healthcare providers, improve patient outcomes, and drive innovation in specialty surgery.
Strengthening ENT Capabilities with Grace Medical
For over two decades, Grace Medical has been at the forefront of ENT innovation. With a strong base of operations in Memphis, the company has built an extensive portfolio of proprietary medical devices used in otology and related ENT procedures. These include surgical implants, prostheses, and instruments used in tympanoplasty, ossiculoplasty, stapedectomy, and other delicate procedures that require technical precision and clinical reliability.
Grace Medical’s products are trusted by ENT surgeons globally for their performance, and the company has played a pivotal role in enhancing surgical outcomes for patients with complex auditory and middle-ear conditions.
Murray Beard, Chief Executive Officer of Grace Medical, welcomed the acquisition and expressed optimism about the future of the combined organizations. “We look forward to expanding our ENT presence with Innovia Medical and continuing to serve ENT customers around the world,” Beard said. “This partnership ensures that Grace Medical’s legacy of clinical excellence will be preserved and enhanced through greater global reach and shared innovation.”
Michael Crook, President and Chief Operating Officer of Grace Medical, will take on a critical leadership role in guiding the future of ENT operations within Innovia Medical. As the strategic head of the ENT division, Crook emphasized the benefits of the merger. “Joining forces with Innovia Medical brings together two highly complementary organizations – creating a world-class ENT platform with the scale, expertise, and product depth needed to better serve specialists and advance patient care,” Crook noted.
Crook’s leadership is expected to play a key role in aligning product development, marketing strategy, and clinician engagement within the ENT division, ensuring a seamless integration of Grace Medical’s capabilities into Innovia Medical’s broader business model.
Expanding Ophthalmic Solutions Through Hurricane Medical
Hurricane Medical, though smaller in scale, is widely respected in ophthalmology circles for its reliable and cost-effective surgical products. Its offerings range from reusable and disposable instruments to micro-surgical tools designed for cataract, glaucoma, and vitreoretinal procedures. The company is known for its nimble manufacturing processes, commitment to customer satisfaction, and consistent product quality.
Dell Bauslaugh, President of Hurricane Medical, views the acquisition as a strategic opportunity to scale the company’s influence and reach. “We see a tremendous opportunity to grow Hurricane Medical’s product coverage through Innovia Medical’s commercial reach and global infrastructure,” Bauslaugh said. “We are excited for what this means for our customers, our team, and the long-term growth of the business.”
Through this acquisition, Innovia Medical will be able to bring Hurricane’s specialized ophthalmic instruments to a wider network of ophthalmic surgeons and healthcare institutions. It will also be able to leverage Hurricane Medical’s streamlined manufacturing capabilities to enhance operational efficiency and support future product innovation.
Integration Plans and Customer Continuity
As part of the acquisition process, Innovia Medical is focused on ensuring a smooth and minimally disruptive integration of both Grace Medical and Hurricane Medical into its existing operations. Customers and partners can expect continuity in service, with existing sales, support, and distribution channels remaining intact in the near term.
The company has committed to maintaining the same contacts and service standards that customers have come to rely upon, while also investing in expanded capabilities and infrastructure to further improve product delivery and support. Over time, the integration will allow for new cross-specialty product offerings, more efficient logistics, and the ability to bundle solutions across ENT, ophthalmology, and other surgical specialties Innovia serves.
According to Innovia leadership, the integration will emphasize collaboration, shared resources, and innovation-driven expansion—positioning the company to be an even stronger partner to the healthcare community.
Backing from Inverness Graham Investments
Innovia Medical’s growth, including the acquisitions of Grace Medical and Hurricane Medical, is backed by Inverness Graham Investments, a private investment firm known for partnering with high-growth, innovation-driven companies in the healthcare sector. Inverness Graham has supported Innovia’s long-term growth strategy and its mission to create a diversified platform of specialty surgical device companies that can operate at scale.
With the financial and strategic support of Inverness Graham, Innovia Medical has been able to make targeted investments that drive sustainable growth, enhance its value proposition, and deepen its clinical partnerships.
A Growing Global Footprint and a Vision for the Future
Innovia Medical’s acquisition of Grace Medical and Hurricane Medical represents more than just a business transaction – it reflects a broader strategic vision of building an international leader in specialty surgical solutions. With operations in the U.S., the U.K., and a growing network of distribution partners across multiple continents, Innovia Medical is positioning itself to meet the evolving demands of surgeons, clinicians, and healthcare systems around the world.
The company’s expanding portfolio now includes best-in-class solutions across ENT, ophthalmology, aesthetic surgery, dermatology, and other niche surgical areas. Each acquisition adds not only to the product lineup but also to the knowledge, experience, and innovation capacity of the Innovia Medical team.
As global demand for minimally invasive, precision-driven surgery continues to rise, Innovia Medical is poised to remain at the forefront of this transformation—driven by strategic growth, trusted partnerships, and a relentless focus on improving the surgical experience for both clinicians and patients.
