January 30, 2023 – Cirtec Medical Corporation, a strategic outsourcing partner of complex medical devices including minimally invasive and active implantable devices, has acquired QMD’s Precision Components business which specializes in the development and manufacturing of silicone, polyisoprene and other custom elastomeric components, tubing, and subassemblies.
“This acquisition is a natural fit for us and will open new doors for customers through advanced expertise in medical silicone molding and extrusion,” stated Brian Highley, Cirtec CEO. “From materials science and mold development through manufacturing and assembly, QMD Precision Components will enable Cirtec to provide customers with new and powerful capabilities as a full-service outsource partner.”
“The acquisition will also strengthen Cirtec’s platform for growth in existing markets such as active implantables, interventional, and minimally invasive surgical devices,” said Highley.
Precision Components will integrate within the Cirtec brand, offering comprehensive, integrated solutions based on decades of silicone experience. The business consists of Centers of Excellence in Sturtevant, Wisconsin and Rock Hill, South Carolina. Engineering and manufacturing capabilities will remain at the facilities, along with current leadership.
Mauricio Arellano, QMD CEO, commented, “The combination of Cirtec and QMD Precision Components creates one of the world’s most comprehensive set of capabilities in Medical Device Outsourcing today, translating into extremely exciting opportunities for the benefit of our customers, our associates and most importantly, the patients we all have the privilege of serving.”
About Cirtec Medical
Cirtec Medical is a vertically integrated, full-service outsource partner providing end-to-end product design, development, and manufacturing of Class III and II medical devices and components. We specialize in today’s most advanced product technologies including, neuromodulation, implantable drug delivery, cardiac rhythm management, ventricular assist and interventional devices and delivery systems. Cirtec has a global footprint with facilities in Brooklyn Park, MN; Chandler, AZ; El Coyol, Costa Rica; Enfield, CT; Los Gatos, CA; Lowell, MA; Birkenfeld, Germany; Sturtevant, WI; and Rock Hill, SC.
Cirtec Medical, Brian Highley, CEO, Brian.Highley@cirtecmed.com, +1 817-372-7591