Helix Medical Completes MedVenture Technology Acquisition

Carpinteria, Calif.-based Helix Medical LLC has completed the acquisition of MedVenture technology Corp., a medical device design, development, and manufacturing company based in Louisville, Ky. The terms of the deal were not disclosed.

MedVenture develops and manufactures minimally invasive surgical devices and catheter-based devices for medical device companies. The company develops integrated solutions for the endovascular, interventional cardiology, cardiovascular surgery, neurovascular, urology, oncology, and gynecology markets, among others.

“MedVenture will deepen our resources in product design, development, and engineering and enable Helix to offer more comprehensive product life cycle management and be a stronger strategic partner to our customers, while 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,” said Jorg Schneewind, D.Eng., president and CEO of Helix Medical. “Overall, the combined companies deliver a perfect synergy of complementary capabilities powered by highly innovative people, advanced technology, and leading-edge processes.”

The companies claim the combination is a perfect marriage of manufacturing skills and design capabilities.

“The MedVenture team is excited to be a part of the long-term growth of Helix Medical and we plan to leverage the additional resources to continue our achievements in the design, development and manufacture of minimally invasive medical devices,” said Kevin Bramer, CEO of MedVenture Technology. “Superior patient care begins with the newest technology and design strategies delivered with consistency and expertise. MedVenture’s accomplished team, combined with Helix Medical’s core manufacturing services, will allow us to continue to provide superior devices for first-rate patient care.”

Helix Medical is a division of the Freudenberg Group. The company offers design and development, silicone and thermoplastic molding and extrusion, complex catheter systems, assembly, packaging, and engineering services.