The Firm represented Laborie Medical Technologies, Inc., a Patricia Industries portfolio company, in connection with its strategic equity investment in Bright Uro, an early-stage medical technology company.
Based in Irvine, California, Bright Uro is developing the Glean Urodynamic System™, a wireless, catheter-free, urodynamic monitoring system intended to quantify the pressure characteristics of the lower urinary tract.
Headquartered in Portsmouth, New Hampshire, Laborie is a global medical technology company focused on Urology, Urogynecology, Gastroenterology, Obstetrics, Gynecology & Neonatal Health. It manufactures and delivers high-quality, high-impact diagnostic and therapeutic products that help clinicians and hospitals preserve and restore patient dignity.
Patricia Industries is a long-term owner that invests in companies and works to develop each company to its full potential. Patricia Industries is a part of the industrial holding company Investor AB, whose main owner is the Wallenberg Foundations.
The Simpson Thacher team includes: Michael T. Holick, Sean Dougherty and Mark Marzziotti (Corporate); Vanessa Burrows and Nawa Lodin (Healthcare); Sophie Staples and Andrew Mandelbaum (Tax); Timothy Mulvihill (Environmental); and Alysha Sekhon (Intellectual Property).