07.31.13
Vention Medical has purchased RiverTech Medical LLC, a Chattanooga, Tenn.-based supplier of polyimide tubing, braided polyimide, composite tubing and wire coatings for medical devices.
With the acquisition, Vention expands its portfolio of component technology offerings for manufacturing catheter-based devices used in various interventional, surgical and minimally invasive procedures. RiverTech’s polyimide tubing experience will add to Vention’s current capabilities including balloon catheters, catheter assemblies and other minimally invasive medical device applications.
“The addition of RiverTech further strengthens Vention’s ability to deliver innovative component technologies to our partners, allowing us to provide customers with more complex solutions faster. RiverTech’s team of experienced industry experts affirms our continued commitment to invest in leading-edge technologies and solutions to better serve our customers’ needs,” said Dan Croteau, CEO of Vention.
According to a news release, RiverTech’s shareholders will become shareholders in Vention Medical. No other details about the deal were available.
Vention is based in Marlborough, Mass.
With the acquisition, Vention expands its portfolio of component technology offerings for manufacturing catheter-based devices used in various interventional, surgical and minimally invasive procedures. RiverTech’s polyimide tubing experience will add to Vention’s current capabilities including balloon catheters, catheter assemblies and other minimally invasive medical device applications.
“The addition of RiverTech further strengthens Vention’s ability to deliver innovative component technologies to our partners, allowing us to provide customers with more complex solutions faster. RiverTech’s team of experienced industry experts affirms our continued commitment to invest in leading-edge technologies and solutions to better serve our customers’ needs,” said Dan Croteau, CEO of Vention.
According to a news release, RiverTech’s shareholders will become shareholders in Vention Medical. No other details about the deal were available.
Vention is based in Marlborough, Mass.