Financial terms of the deal were not disclosed.
Founded in 2009, Corpus Medical provides value-added contract development and manufacturing services by assisting customers in getting their products to market efficiently. Its focus is in contract development and manufacturing interventional medical devices, catheter-based delivery systems, and implants. The Silicon Valley, California–based company has also invested in clean room manufacturing capacity in the past.
Ampersand is a private equity firm that focuses on growth equity investments in the healthcare sector. It has managed more than $1 billion in private equity partnerships over the past 20 years.”We are very excited about our partnership with Ampersand. They have a successful track record of building
“We are very excited about our partnership with Ampersand. They have a successful track record of building middle-market companies in the healthcare sector, and their expertise in medical device manufacturing will be invaluable as Corpus looks to accelerate its growth with additional capabilities and manufacturing capacity,” said Corpus founder and CEO Brice de La Menardiere.
De La Menardiere also said that the partnership will provide a better opportunity to serve the needs of current and prospective customers from the development stage through commercial scale manufacturing.