Massachusetts-based global medical device maker Helix Medical enhanced its product portfolio with the acquisition of Kentucky device manufacturer MedVenture Technology Corp., which makes surgical and catheter-based devices for medical device companies.
Helix Medical bought MedVenture from Ampersand Capital Partners, a Boston-based private equity firm with a focus on middle market growth equity investments in the healthcare sector, according to the press release. The financial terms of the deal weren’t released to the public.
“MedVenture will deepen our resources in product design, development, and engineering and enable Helix to offer more comprehensive product lifecycle management and be a stronger strategic partner to our customers,” Dr. Jorg Schneewind, president & CEO of Helix Medical said in prepared remarks. “Our global reach, with now 10 facilities around the world, will allow MedVenture to expand their services into new regions and tap into Helix’s core strengths in thermoplastic and silicone molding and extrusion plus specialty catheters and hypotubes.”
MedVenture Technology CEO Kevin Bramer said his company could combine with Helix Medical’s core manufacturing services to provide superior devices for 1st-rate patient care, according to the press release.