Ansamed and Vention announce strategic partnering

22nd August 2011

Vention acquisition of Ansamed adds specialty extrusions and catheter systems company with a strategic European presence.

Ansamed, Ireland’s premier provider of advanced medical extrusions and catheter based solutions announces strategic partnering with Vention Medical. Vention Medical announces strategic alliance through full acquisition of Ansamed.

Vention Medical is a full-service medical device outsourcing company with a significant presence in the USA, whose capabilities include product design and development, custom components such as medical balloons and heat-shrink tubing, plastic injection moulding & complete device assembly.

The acquisition of Ansamed will expand Vention Medical’s capabilities in the development and manufacturing of specialty catheter-based devices used in a range of interventional and surgical procedures. ANSAmed’s technology and breadth of experience in extrusions, braided tubing and catheter systems will add to Vention’s strong portfolio of capabilities in balloons, shrink tubing, and design services and finished device assembly. In addition, Ansamed will establish a strategic presence for Vention in Ireland and serve as a base for further European and International expansion.

Dan Croteau, CEO of Vention Medical said, “Partnering with the Ansamed team is an extraordinary opportunity for us to further strengthen Vention’s ability to deliver innovative components and cost effective supply chain solutions to our medical device customers. The acquisition of Ansamed affirms our commitment to invest in leading minimally invasive technologies. They will be a great addition to our team.”

Bairbre Meehan, Managing Director of Ansamed added. “Vention’s commitment to growing our business, and its complimentary capabilities in balloons, shrink tubing, and catheter assembly, are a perfect fit for Ansamed. The combined business will allow us to bring even more innovative and cost effective solutions to our mutual customers, as well as to new customers.

We look forward to creating further value for our customers and enhancing our market position.”

About Vention Medical

Vention Medical is an innovative medical device solutions partner offering clients more than 30 years of experience in all phases of design, engineering, component manufacturing, and finished device assembly. Vention Medical specialises in components and services used in interventional and minimally invasive products, including medical balloons and heat shrink tubing, clean room injection moulding, assembly and packaging services.