Catheter and Medical Design Acquires VitalDyne Medical
Additional capabilities enhance CMD’s ability to execute on critical minimally invasive devices; increase speed, flexibility, and value for customers
Catheter and Medical Design LLC (CMD), a manufacturer of custom, highly complex catheter shafts and delivery systems, announced today that it acquired VitalDyne Medical Inc., Cokato, Minn., on March 10, 2021. The acquisition creates a platform with all the precision technologies needed to execute on critical minimally invasive devices and provides customers with greater speed, flexibility and value.
VitalDyne Medical brings state-of-the-art laser cutting, welding, micro machining and finished device manufacturing capabilities to complement CMD’s existing complex catheter shaft design and manufacturing capabilities.
“VitalDyne Medical has a long history as a trusted partner to medical device OEMs that they’ve built through engineering expertise and excellent customer service,” said Randall Sword, CEO of CMD. “We are excited to join forces with VitalDyne, collectively we share the same focus on speed, high-mix manufacturing and engineering expertise. I’m confident our customers will benefit from our combined technical capabilities.”
Both CMD and VitalDyne Medical serve customers in the coronary vascular, peripheral vascular, neurovascular, and structural heart segments. The two companies have previously collaborated on critical devices that cross the septum of the heart to repair heart valves, treat atrial fibrillation and prevent strokes.
“Both companies excel at superior technical solutions, flexible manufacturing and share the same market strategy,” said VitalDyne CEO Todd Schroeder. “It became an easy decision to join forces.”
About Catheter and Medical Design LLC
Catheter & Medical Design LLC designs and manufactures custom, highly complex catheter shafts and delivery systems for medical device manufacturers. Its core expertise is engineering and building complex catheters to meet challenging requirements, like single or multidirectional deflection, push-ability, kink resistance and torque response. Founded in 2005, the company’s 25,000 square-foot ISO 13485-2016 certified headquarters is located in the Minneapolis area. Catheter and Medical Design LLC is a portfolio company of Inverness Graham Investments.
About VitalDyne Medical Inc.
Founded in 2000, VitalDyne Medical Inc. is a full-service contract manufacturer of minimally invasive devices, precision laser cut and machined components and laser welded critical assemblies used in cardiovascular, neurology, vascular access, and minimally invasive surgical procedures. The company is an expert in laser welding, cutting, machining, and ablation, working with a range of metal and plastic materials. Based in Cokato, Minn., the company’s 36,000 square-foot facility is ISO 13485-2016 certified and FDA registered as a finished device manufacturer.
About Inverness Graham
Inverness Graham is an operationally focused, lower-middle-market, private investment firm headquartered in Philadelphia. Inverness Graham acquires high-growth, innovative manufacturing and service companies. For more information, visit www.invernessgraham.com.