Switchback Medical is a contract development and manufacturing organization serving structural heart, neuro, peripheral vascular, interventional cardiology, and electrophysiology device developers. [Photo courtesy of Switchback Medical]
Terms of the deal were not disclosed, but Brooklyn Park, Minnesota-based Switchback said the founders and shareholders of the three companies will remain “significant owners.”
Switchback offers medical device design, development, and manufacturing services with a focus on precision catheters, delivery systems, and components for minimally invasive innovations.
MDO Min-Vasive Medtech: Watch on-demand interviews with minimally invasive device engineers in pediatrics, structural heart and catheter tech
LightningCath focuses on catheter component manufacturing for interventional medical devices, while Proto Lase provides precision laser processing.
The three businesses work with developers of systems and devices for structural heart, neurovascular, peripheral vascular, interventional cardiology, and electrophysiology applications, many of which are increasingly using nitinol.
Nitinol innovation: Download MDO’s free special report featuring nitinol expertise and tips from medical device OEMs
“Switchback’s culture of innovation, well-regarded engineering expertise, and deep customer partnerships have fueled its success, and we’re excited to help drive its next chapter of growth,” TJC Partner and Healthcare Head Dan Williams said in a news release.
New York-based TJC said it had $33.2 billion in assets under management as of June, and that its investment will “support organic growth, strategic acquisitions, and operational investments.”
“We’re thrilled to partner with the TJC team, which has great cultural alignment with our organization and shares our vision for Switchback’s next phase of growth,” Switchback co-founder and CEO Brady Hatcher said in the release. “Their investment will be instrumental in supporting us as we continue to scale and serve our customers.”
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