Jobs Won’t be Lost in Lake Regional Medical’s Acquisition of Brivant Medical

Minimally invasive device maker Lake Region Medical Ltd. has acquired Brivant Medical, based in Galway, Ireland, for an undisclosed amount, and jobs will uneffected, according to the firms.

The two companies currently employ about 800 people, and more jobs could eventually be added in Galway and New Ross Ireland, as well as Chaska, Minn., according to the firms.

The newly aligned companies complement each other and will allow Lake Region Medical a greater global competitive edge in the medical device and equipment market valued at $246 billion by 2011, according to Joseph F. Fleischhacker, Lake Region Medical CEO.

“Lake Region Medical will build upon Brivant Medical’s R&D, technological innovations and streamlined processes to deliver a wide range of OEM steerable guidewires for use in interventional cardiology and peripheral applications. Its reputation for exemplary customer service and Brivant Medical’s high-quality solutions, hard working employees, and geographic base will extend Lake Region Medical’s ability to deliver current — and new industry-leading products and services to the medical device industry,” he said.

Henry Lupton, Brivant Medical’s CEO, said, “Lake Region Medical’s industry leadership position in guidewire technology, along with its longevity in the business and highly productive culture, makes it the ideal company to purchase Brivant. Lake Region.Medical’s global reach, scale and widely recognized OEM brand provide the solid foundation to advance Brivant Medical’s innovative technology.” Brivant designs, develops and manufactures OEM guidewires and medical devices.”