Resonetics Broadcasts Acquisition of EaglePicher Medical Energy

Provides novel implantable battery options to serve the excessive development bioelectronics market

NASHUA, N.H., April 11, 2022 /PRNewswire/ — Resonetics introduced right this moment that it has acquired EaglePicher Applied sciences’ Medical Energy enterprise, a number one producer of implantable batteries for important medical units primarily based close to Vancouver, British Columbia. EaglePicher Medical Energy has been designing and manufacturing batteries for medical units for over 25 years and produced one of many first lithium-ion cells for an implantable medical gadget. The Vancouver web site incorporates a fashionable 60,000 sq. foot facility with in depth software engineering sources and manufacturing experience. Chris Huntington, President, EaglePicher Medical Energy, will be part of Resonetics as its Chief Industrial Officer.

“EaglePicher Medical Energy brings one other revolutionary manufacturing functionality to Resonetics that can allow our clients to advance the state-of-the-art in medical purposes requiring miniaturized bioelectronic units,” mentioned Tom Burns, President, and CEO of Resonetics. “We imagine integrating this important battery know-how into our core micro manufacturing and sensor capabilities uniquely positions Resonetics as a number one provider to corporations pursuing miniaturized implantable and wearable units to handle unmet medical wants.” Added Kevin Hartke, Chief Technical Officer of Resonetics, “We have been in a position to collaborate with the EaglePicher group and see lots of synergies. We’ll make investments additional of their best-in-class battery options by implementing a Lightspeed Software Improvement Lab for battery options to compress improvement cycles and assist our clients scale back their time to market.”

“We’re excited to welcome the group in Vancouver to Resonetics and to have Chris Huntington be part of our senior management group,” mentioned Tom Burns. “Chris brings a wealth of MedTech expertise gained over the past 20 years within the business, together with management positions with Stryker and Symmetry Medical along with EaglePicher.” Chris Huntington, CCO of Resonetics, commented, “I’ve loved main EaglePicher’s Medical Energy division over the past three years, and I sit up for becoming a member of Resonetics to assist the corporate’s continued development in superior engineering and manufacturing options for the life sciences business.”

Resonetics has accomplished eleven acquisitions prior to now 5 years and has over 1,900 workers that function out of 14 websites situated in key medical know-how markets with services totaling greater than 650,000 sq. toes.

About Resonetics

Based in 1987, Resonetics is a pioneer in superior engineering and manufacturing options for the life sciences business. Resonetics is a frontrunner in laser processing, centerless grinding, nitinol processing, thin-wall chrome steel & valuable steel tubing, photochemical machining, microfluidics manufacturing, and sensor know-how. With ten Lightspeed Software Improvement Labs situated strategically to serve medical gadget corporations around the globe, Resonetics is constructed on a basis of high quality, velocity, and innovation to ship best-in-class worth with a customer-centric strategy. The corporate is ISO 13485:2016 licensed with services in the USA, Canada, Costa Rica, Israel, and Switzerland. Resonetics is backed by main personal fairness corporations Carlyle and GTCR. Study extra at www.resonetics.com.

About Carlyle

Carlyle is a worldwide funding agency with deep business experience that deploys personal capital throughout three enterprise segments: World Personal Fairness, World Credit score and World Funding Options. With $301 billion of property underneath administration as of December 31, 2021, Carlyle’s function is to speculate correctly and create worth on behalf of its traders, portfolio corporations and the communities wherein we dwell and make investments. Carlyle employs almost 1,850 individuals in 26 places of work throughout 5 continents.

About GTCR

Based in 1980, GTCR is a number one personal fairness agency centered on investing in development corporations within the Enterprise & Client Providers, Monetary Providers & Know-how, Healthcare & Know-how, Media & Telecommunications industries. The Chicago-based agency pioneered The Leaders Technique™ – discovering and partnering with administration leaders in core domains to determine, purchase and construct market-leading corporations by way of transformational acquisitions and natural development. Since its inception, GTCR has invested greater than $20 billion in over 250 corporations. For extra data, please go to www.gtcr.com. Comply with us on LinkedIn.

SOURCE Resonetics LLC

https://www.prnewswire.com/news-releases/resonetics-announces-acquisition-of-eaglepicher-medical-power-301521252.html

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