The MedTech Group, a contract manufacturer of medical devices, has merged with New Hampshire-based Advanced Polymers, a provider of specialised catheter design capabilities. Advanced Polymers joins the design specialists at TDC Medical in The MedTech Group’s integrated family of companies.
MedTech Group and Advanced Polymer said that the combined capabilities create a dynamic, comprehensive offering that includes full scale design and development and global contract manufacturing for complex components and devices.
The business combination furthers MedTech’s strategic initiatives in catheter based devices. Advanced Polymer’s extensive patent portfolio and proprietary processes creates a resource to address customers’ design, development and manufacturing needs.
Additionally, Advanced Polymers proprietary polymer processing and expertise in heat shrink tubing, custom extruded medical tubing and balloons provide a strong complement to MedTech’s expertise in complex injection molding and device design and assembly.
The merger provides Advanced Polymers with access to MedTech’s global manufacturing footprint, including its assembly operation in Costa Rica, and bolsters the engineering talents of both companies, now with over 100 engineers devoted to design, quality and manufacturing.
The combined company is committed to exclusively serving the healthcare industry, and to carry forward an outstanding reputation for quality and improved technology and capabilities.
George Blank, president and CEO of The MedTech Group, said: “This merger is another example of our strategic commitment to investing in proprietary technology and processes. Our company now has a complete capability to assist our customers in delivering integrated solutions for the most demanding new interventional and minimally invasive devices.
“To reflect this enhanced direction, we will be rebranding the company to more accurately communicate the company’s position in the marketplace. A new name will be rolled out in the coming months.”
Mark Saab, president of Advanced Polymers, said: “This is a unique strategic combination of capabilities and expertise that will provide substantial growth opportunities for the combined company. As MedTech has continued to expand its presence in the interventional markets, many devices built at MedTech have mission critical components made by Advanced Polymers.
“The combination also allows Advanced Polymers to leverage MedTech’s full contract manufacturing, supply chain management and TDC Medical’s design capabilities as we continue to grow our catheter development and manufacturing business and also look to expand our custom extrusion and component business.”