Healthium Medtech acquires gelatin sponge biz of SGK Labs

Apax Partners-promoted medical devices firm Healthium Medtech has acquired the 'AbGel' gelatin sponge business from Mumbai-based SGK Labs, adding to its product portfolio focused on surgical and post-surgical care. AbGel is a recognised brand in the gelatin sponge category and has been used in India since 1980. SGK Labs has been a partner for leading hospitals and medical professionals across India.