Innovia Medical (Inverness Graham-backed) Acquires Grace Medical and Hurricane Medical

Inverness Graham Acquires Innovia Medical; Balance Point Provides Financing

April 7, 2023

Medical Devices

Inverness Graham acquired Innovia Medical, a St. Paul-based manufacturer of single-use surgical products and sterile processing systems, from Shore Capital Partners (transaction closed March 31, 2023). Balance Point Capital provided debt and equity financing to support Inverness Graham's acquisition and will partner to support Innovia's organic growth and strategic add-on activity.

ADDvise Group AB Acquires Graham Medical Technologies (GraMedica)

September 15, 2021

Medical Devices

ADDvise Group AB has acquired all outstanding shares of Graham Medical Technologies, LLC (GraMedica) in a deal that closed on September 15, 2021. The purchase price is approximately USD 5.8 million (USD 4.0 million initial payment plus up to USD 1.8 million in earn-outs); GraMedica reported 2020 revenue of about USD 3.35 million and adjusted EBITDA of approximately USD 0.85 million. The acquisition is intended to broaden ADDvise's medical equipment and consumables portfolio and expand its geographic reach.

Catheter & Medical Design (Inverness Graham-backed) Acquires VitalDyne Medical

March 15, 2021

Medical Devices

Inverness Graham-backed Catheter & Medical Design (CMD) acquired VitalDyne Medical, a Cokato, Minnesota-based contract manufacturer, on March 10, 2021. The add-on expands CMD's capabilities with VitalDyne's laser cutting, welding, micro‑machining and finished-device manufacturing to support minimally invasive cardiovascular, neurovascular and structural heart device customers.

Medical Manufacturing Technologies (MMT) Acquires Innova Design, Inc.

August 25, 2025

Medical Devices

Medical Manufacturing Technologies (MMT), a portfolio company of Arcline Investment Management, has acquired Innova Design, Inc., a pioneer in laser bonding equipment for catheter and interventional medical device manufacturing. The acquisition expands MMT’s bonding technology suite—adding Innova’s laser bonder platforms and related capabilities—to better serve medical device OEMs globally.

Corsica Technologies Acquires Hughes Systems Group

February 9, 2024

IT Services

Inverness Graham-backed Corsica Technologies has acquired Hughes Systems Group, a Santa Barbara-based provider of managed B2B data integration and EDI services, for an undisclosed amount. The acquisition is an add-on to Corsica's managed services platform to expand its data integration, order-to-cash automation, and supply chain integration capabilities for its mid-market clients.

Inverness Graham-backed VitalPath Acquires Modern Catheter Technologies

January 6, 2022

Medical Devices

Inverness Graham Investments-backed platform VitalPath has acquired Modern Catheter Technologies (ModernCath), a Maplewood, Minnesota-based manufacturer of advanced catheter delivery systems. The add-on expands VitalPath’s precision catheter manufacturing capabilities—adding microcatheter extrusion expertise and neurovascular and electrophysiology market coverage—to scale the platform’s footprint and capabilities.