Lighteum Medical CEO Gaurav Agarwal [Photo courtesy of Lighteum Medical]
“Gaurav is an accomplished medtech leader and proven growth-oriented operator with a track record of building high-performing organizations and driving results,” Lighteum Medical Chair Greg Lucier said in a statement shared with Medical Design & Outsourcing ahead of the announcement. “Throughout his career, he has demonstrated an ability to set a focused strategy and translate it into disciplined execution and sustained performance.”
Lighteum Medical, a medical device contract manufacturing and development organization owned by private equity firm Montagu, said Agarwal has a track record of “enterprise transformation, value-creation planning, strategic M&A, carve-outs and integrations, commercial acceleration, and successful exits” and has been involved in M&A deals worth more than $15 billion and more than $11 billion in private equity dispositions.
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Former Lighteum Medical CEO Don Freeman is now an advisor to the company’s board.
Lighteum Medical develops and manufactures miniature components for minimally invasive medical devices used in high-growth clinical specialties. The company focuses on complex and high-precision components made from platinum group metals (PGM) and nitinol. Its manufacturing and technology centers are in San Diego and Oceanside, California; Mexicali, Mexico; and Tullamarine, Australia.
Minimally invasive medtech: Watch video replays of our 2026 MDO Min-Vasive Medtech webinar series with experts in robotics, imaging and cardiac devices
Agarwal was previously president and CEO of PE-backed Capsa Healthcare, where Lighteum said he “reset the company’s strategy and executed a new value-creation plan … delivered more than 20% revenue and EBITDA growth in 18 months, completed two tuck-in acquisitions, and expanded into software and services.”
Before Capsa, Agarwal was president and CEO of PE-backed Vyaire Medical and a senior leader at Acelity/KCI, Smith+Nephew and GE HealthCare.
“I am excited to join Lighteum Medical and advance our mission of providing precision-engineered solutions that enable life-enhancing, minimally invasive medical devices,” he said in a statement shared with MDO. “Lighteum brings together deep technical expertise and differentiated manufacturing capabilities to solve complex challenges for our customers. I look forward to spending time with them, understanding their needs and working with our team to help them succeed.”
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