Add-on Acquisition • Medical Products

Cirtec Acquires NovelCath

On December 17, 2020, Cirtec acquired medical products company NovelCath

Acquisition Context
  • This is Cirtec’s 3rd transaction in the Medical Products sector.
  • This is Cirtec’s 5th transaction in the United States.
  • This is Cirtec’s 3rd transaction in Minnesota.

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M&A Deal Summary

Date December 17, 2020
Target NovelCath
Sector Medical Products
Buyer(s) Cirtec
Deal Type Add-on Acquisition

Target Company

NovelCath

Minneapolis, Minnesota, United States
NovelCath is a contract manufacturer of highly engineered catheter delivery systems based in the medical device alley of the Twin Cities MN. NovelCath specialize in the design, development and manufacturing of minimally invasive interventional delivery systems ranging from Structural Heart to Electrophysiology and Neurovascular applications. NovelCath was founded in 2019 and is based in Minneapolis, Minnesota.
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Buyer Overview 1

Buyer

Cirtec

Brooklyn Park, Minnesota, United States

Category Company
Founded 1986
Sector Medical Products
DESCRIPTION

Cirtec Medical is a provider of comprehensive medical product design and manufacturing solutions from concept through high-volume finished goods across all therapeutic categories. Cirtec Medical's technically-driven, 130-person team has particular expertise in minimally invasive systems, active and passive implants, and medical electronics. Cirtec Medical was founded in 1986 and is based in Brooklyn Park, Minnesota.


Deal Context for Buyer #
Overall 6 of 8
Sector: Medical Products 3 of 4
Type: Add-on Acquisition 6 of 7
State: Minnesota 3 of 3
Country: United States 5 of 7
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 Metrigraphics

Lowell, Massachusetts, United States

Metrigraphics LLC is a manufacturer of ultra-high precision, custom micron-scale circuits, and components for medical devices and other critical applications. Metrigraphics LLC was founded in 2010 and is based in Lowell, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 Cardea Catheter Innovations

San Jose, California, United States

Cardea is a medical device contract development and manufacturing organization (CMO). Cardea focus and passion lies in forming development and long term manufacturing partnerships with start-up and established device companies seeking to develop and launch new innovative technologies. Cardea was founded in 2018 and is based in San Jose, California.

Buy -