ZIEN Medical Partners With Averra Holdings

ZIEN Medical Technologies has forged a partnership with Averra Holdings LLC, a specialized packaging solutions provider focused on the medical device industry and a portfolio company of Banner Capital. Outcome Capital was the exclusive strategic and financial advisor to ZIEN.

“Outcome Capital’s deep insight and counsel played a key role in guiding us to combine services and achieve this successful transaction,” ZIEN CEO Tim Nieman stated. “As part of Averra, ZIEN’s capabilities will be enhanced to include vertically integrated design and manufacturing services. Our team is eager to integrate and grow our impact.”

“ZIEN and Averra have tremendous tailwinds with renewed interest in domestic manufacturing, high demand for vertically integrated services, and a tailored platform for medtech companies to turn to,” Outcome Capital Director Thomas Busby said. “This is a win not only for ZIEN and Averra but for the medtech community.”

“This collaboration represents a strategic step forward for both organizations. By combining ZIEN’s engineering excellence with Averra’s specialized packaging solutions, we are enhancing the value proposition for clients and supporting the advancement of innovative medical technologies,” Outcome Capital Managing Partner Dr. Oded Ben Joseph added. “Outcome Capital is proud to have guided this partnership, leveraging our expertise to help both companies realize their shared vision for growth and impact in the medtech sector.”

Outcome Capital is a highly specialized life sciences and healthcare advisory and investment banking firm, providing companies with a value-added, market-aligned approach to mergers and acquisitions, partnering, and corporate finance. The firm leverages its proven “strategy-led execution” approach to value enhancement by assisting management teams and their boards in navigating both financial and corporate markets and implementing the best path for success. The firm’s strength stems from its multi-disciplinary, industry experts who draw from their broad relationships and a wide range of scientific, operational, strategic and transactional expertise across the value chain. Comprised of former CEOs, business development executives, venture capitalists, Ph.D./M.D.-level scientists and clinicians, and experienced commercialization experts, Outcome’s team is driven to propel innovation from bench to bedside.

Founded in 2009 and based in Salt Lake City, ZIEN is a vertically integrated medical device contract design and manufacturing organization (CDMO) that provides product design and development, manufacturing, cost-down, packaging, sterilization, and quality and regulatory services to medical device companies.

Founded in 1989, Averra Packaging is a packaging solutions provider specializing in manufacturing thermoformed packaging and flexible packaging, as well as offering packaging fulfillment services. Salt Lake City-based Averra Packaging is focused on the medical device space but also provides packaging services for the industrial, food, retail, and cosmetic industries. Featuring full in-house design, development, prototyping, tooling, and production capabilities, Averra Packaging specializes in innovative packaging solutions for companies worldwide.