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.

Inverness Graham Acquires Catheter & Medical Design (CMD)

June 18, 2020

Medical Devices

Inverness Graham Investments acquired Catheter & Medical Design, Inc. (CMD), a Roseville, Minnesota-based developer and manufacturer of complex catheters and catheter shafts for interventional and endosurgical applications. Inverness Graham said CMD will serve as a platform investment in the medical device outsourcing market and plans to grow CMD organically and via strategic add-ons; terms were not disclosed.

Inverness Graham Investments Acquires Corsica Technologies

March 21, 2019

IT Services

Inverness Graham Investments, an operationally focused private investment firm, has acquired Corsica Technologies, a Centreville, Maryland-based provider of turnkey managed IT services. The deal is the first acquisition in a new Inverness platform-build initiative focused on managed IT services to expand geographic footprint and add complementary capabilities; terms were not disclosed.

Inverness Medical Innovations Acquires Panbio Ltd

January 7, 2008

Medical Devices

Inverness Medical Innovations has completed its acquisition of Brisbane-based Panbio Ltd, purchasing all outstanding shares for approximately $37 million. Panbio, a developer and manufacturer of rapid diagnostic tests (notably for Dengue Fever), expands Inverness' infectious disease diagnostics capabilities and provides Australian infrastructure to support regional growth.