11.13.13
Watertown, Mass.-based TechDevice Holdings has expanded its outsourced medical device manufacturing platform by acquiring AdvancedCath Technologies located in San Jose, Calif. TechDevice also has started improvements on a new 20,000 square-foot manufacturing facility in Costa Rica. TechDevice hopes the acquisition and the new plant will broaden its geographic coverage, bring enhanced catheter manufacturing capabilities to its customers and provide a high volume manufacturing option in Costa Rica.
Along with a presence now in San Jose and Costa Rica, TechDevice also has manufacturing facilities in Boston, Mass., and the Minneapolis, Minn., area.
“AdvancedCath Technologies brings significant expertise and a track record of successfully working closely with customers to commercialize highly engineered catheter components and complete balloon catheter solutions,” said Randall Sword, president of TechDevice. “I am excited by the continued expansion of the TechDevice platform to complement and support our rapid organic growth.”
AdvancedCath Technologies specializes in producing highly engineered advanced catheter systems including balloon catheters, extrusions, medical balloons and braided catheter shaft components. Bee Xiong, Suresh Sainath and Ken Koen, founders of AdvancedCath Technologies, will remain with TechDevice and continue to service their customers from the California facility.
Xiong said that their choice to partner with TechDevice was due to their common commitment to focus on superior customer service by providing fast and flexible technical solutions.
“Being part of the TechDevice platform provides us additional resources and scale so that we can continue to service and grow with our customers,” said Xiong.
TechDevice Holdings provides highly engineered catheter and guidewire systems and related components and sub-assemblies including extrusions, balloons, coils, ground cores, and braided sheaths to OEMs.
AdvancedCath Technologies focuses on advanced catheters and components including medical balloons and balloon catheters. The company was founded in 2011 by Xiong, Koen and Sainath, and the company serves medical device OEMs in California and across the United States, Europe and Asia.
Along with a presence now in San Jose and Costa Rica, TechDevice also has manufacturing facilities in Boston, Mass., and the Minneapolis, Minn., area.
“AdvancedCath Technologies brings significant expertise and a track record of successfully working closely with customers to commercialize highly engineered catheter components and complete balloon catheter solutions,” said Randall Sword, president of TechDevice. “I am excited by the continued expansion of the TechDevice platform to complement and support our rapid organic growth.”
AdvancedCath Technologies specializes in producing highly engineered advanced catheter systems including balloon catheters, extrusions, medical balloons and braided catheter shaft components. Bee Xiong, Suresh Sainath and Ken Koen, founders of AdvancedCath Technologies, will remain with TechDevice and continue to service their customers from the California facility.
Xiong said that their choice to partner with TechDevice was due to their common commitment to focus on superior customer service by providing fast and flexible technical solutions.
“Being part of the TechDevice platform provides us additional resources and scale so that we can continue to service and grow with our customers,” said Xiong.
TechDevice Holdings provides highly engineered catheter and guidewire systems and related components and sub-assemblies including extrusions, balloons, coils, ground cores, and braided sheaths to OEMs.
AdvancedCath Technologies focuses on advanced catheters and components including medical balloons and balloon catheters. The company was founded in 2011 by Xiong, Koen and Sainath, and the company serves medical device OEMs in California and across the United States, Europe and Asia.