Salt Creek Capital has acquired MML Diagnostics Packaging, expanding the private equity firm's presence in the healthcare sector. Founded in 1964 and based in Troutdale, Oregon, MML specializes in manufacturing and packaging in-vitro diagnostic devices and single-use medical products. Financial terms remain undisclosed.

Salt Creek, established in 2009 with headquarters in Woodside, California, focuses on the lower middle market across healthcare and other industries. The firm targets U.S. and Canadian companies with EBITDA or annual cash flow between $750,000 and $20 million. MML's expertise in diagnostic packaging aligns with Salt Creek's healthcare investment strategy.

The acquisition signals continued private equity interest in the medical device sector, particularly companies with specialized manufacturing capabilities. MML's nearly 60-year history in the industry provides stability, while Salt Creek's resources could fuel expansion. Deal activity in healthcare diagnostics remains robust despite broader economic uncertainties.