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ArchiMed buys out Direct Healthcare Group

European healthcare specialist investor ArchiMed SAS bought out U.K.-based medical device company Direct Healthcare Group Ltd. from NorthEdge Capital LLP.

As part of the secondary buyout, ArchiMed made a €150 million investment in Direct Healthcare, which will be used to increase the latter's product portfolio.

Direct Healthcare has seven sites in the U.K. and works with care providers in more than 20 countries across Europe and abroad.