Confluent Medical Technologies has acquired Corpus Medical, a provider of advanced technology catheters. No financial terms were disclosed. Confluent Medical and Corpus Medical are both portfolio companies of Ampersand Capital Partners.
FREMONT, Calif.–(BUSINESS WIRE)–Confluent Medical Technologies (“Confluent Medical”), a global leader in medical device contract manufacturing, today completed the acquisition of Corpus Medical. Confluent Medical is a contract manufacturer with full scale capabilities to provide high-quality, low cost finished class III medical devices. Confluent’s core capabilities revolve around industry-leading expertise in balloon catheters, delivery systems, introducer sheaths, Nitinol products, and balloon expandable stent systems.
Corpus specializes in the design and development of technically complex catheter technologies, with particular expertise in the fields of electrophysiology, structural heart, neurovascular, cardiovascular, peripheral vascular and ENT.
The combined company will continue to operate as Confluent Medical Technologies, and will offer complementary, industry-leading technologies to provide customers with a single-source solution for highly innovative, cost-competitive medical device contract manufacturing, testing, and design services. Confluent Medical has a proven track record of partnering with the medical device community to deliver world-class medical devices through innovative materials science, engineering, and manufacturing.
“The acquisition of Corpus Medical expands Confluent Medical’s design and manufacturing capabilities into technically complex and advanced catheters. Corpus has extensive technical capabilities in the design and development of products in the electrophysiology, ENT, peripheral vascular, and cardiovascular markets,” said Dean Schauer, President and CEO of Confluent Medical. “We look forward to engaging our customers with our expanded suite of advanced, industry-leading technologies as well as high-quality, innovative, cost-competitive manufacturing.”
“Corpus Medical is thrilled to be joining the Confluent Medical team and combining our expertise in advanced catheter design and development with Confluent’s world-class capabilities to best serve the medical device industry,” said Brice de La Menardiere, President and CEO of Corpus.
Confluent Medical and Corpus Medical are both portfolio companies of Ampersand Capital Partners. Ampersand will continue to be a significant investor in the integrated company, Confluent Medical Technologies.
ABOUT CONFLUENT MEDICAL TECHNOLOGIES
Improving lives by delivering world class medical devices through innovative materials science, engineering, and manufacturing. Confluent Medical Technologies is the largest and market leading contract manufacturer of specialized medical devices. With manufacturing facilities in Fremont, California, Laguna Niguel, California, Sunnyvale, California, Warwick, Rhode Island, and San Jose, Costa Rica, Confluent Medical Technologies has a proven 20-year track record of partnering with the medical device community and delivering high-quality medical devices and components in the aortic intervention, peripheral vascular, ENT, orthopedic/spine, structural heart, electrophysiology, and neurovascular spaces. confluentmedical.com
ABOUT CORPUS MEDICAL
Corpus Medical specializes in the design, development, and manufacture of advanced technology catheters for device manufacturers in the electrophysiology, peripheral vascular and cardiovascular markets. With manufacturing facilities in Campbell, California, Corpus Medical is a trusted partner to some of the world’s largest and most innovative device makers. corpusmed.com
ABOUT AMPERSAND CAPITAL PARTNERS
Founded in 1988, Ampersand is a middle market private equity firm dedicated to growth-oriented investments in the healthcare sector. Ampersand leverages its unique blend of private equity and operating experience to build value and drive superior long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of our core healthcare sectors, including Brammer Bio, Confluent Medical, Genewiz, Genoptix, Talecris Biotherapeutics and Viracor-IBT Laboratories. Additional information about Ampersand is available at www.ampersandcapital.com
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