Cirtec Medical Corp., Minneapolis, has acquired NovelCath, a vertically integrated manufacturer of highly engineered catheter delivery systems based in Brooklyn Park, Minn. NovelCath specializes in minimally invasive interventional delivery systems ranging from structural heart to electrophysiology and neurovascular applications.
They are experienced in design collaboration, development, manufacture of highly engineered braided and coiled reinforced catheter shafts, complex steerable and multi-directional sheath designs, and microcatheters.
“We are excited to add NovelCath’s capabilities to our portfolio,” stated Brian Highley, Cirtec CEO. “We continually look for ways to expand our manufacturing capabilities and enhance our value-added services to customers. This acquisition is a natural fit for us.”
This acquisition further strengthens Cirtec’s structural heart business which includes design and development, vertical integration of components, and full-device assembly for both implantable devices and complex delivery systems. The NovelCath facility located adjacent to Cirtec’s Minneapolis headquarters, will become Cirtec’s Center of Excellence for Catheters and Delivery Systems, and will include expanded Nitinol processing, catheter development, assembly, packaging, and volume manufacturing capabilities with a path to Costa Rica production.
