Midmark Corporation, a manufacturer of medical and dental equipment, has increased its equity share in Janak Healthcare by 18%. The transaction makes Janak a subsidiary of Midmark.
“Increasing our stake in Janak to a majority interest underscores our continuing commitment to the healthcare market on a global scale,” said Anne Eiting Klamar, Midmark’s president and CEO.
“We believe Janak will continue to progress faster as a result of our continued collaboration with Midmark Corporation,” added Madhusudan Joshi, the CEO of Janak.
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