Operating Company Healthcare

Cordica Medical

Knoxville, Tennessee, United States

Formerly known as TEAM Technologies, TEAM Technologies, Inc., TEAM Technologies, Incorporated

Cordica Medical provides end-to-end solutions for advanced medical device design and manufacturing, offering vertically integrated, turnkey capabilities for medical device and pharmaceutical OEMs.

Focus Areas
Medical device design and manufacturing, Medical device contract manufacturing, Infection prevention and control products

Tracked deals

4

4 tracked deals across 2020-2022.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

4 addon

Cordica Medical Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Cordica Medical. 1 2020 2 2021 1 2022

Supporting Data

Recent Transactions

  • Buyer
    TEAM Technologies, Inc., Clearlake Capital Group, L.P.
    Target
    iiMED Medical Solutions, L.L.C.
    Seller
    ACON Investments, L.L.C.
    Industry
    Medical Devices
    Type
    Addon

    TEAM Technologies, a Clearlake Capital-backed specialty manufacturer, has acquired iiMED Medical Solutions from ACON Investments. iiMED is a nearshore manufacturer of FDA Class I & II consumable medical devices based in Amherst, New York with manufacturing in Reynosa, Mexico; the deal expands TEAM's medical device manufacturing capabilities and nearshore footprint. Financial terms were not disclosed.

  • Buyer
    TEAM Technologies, Inc., Clearlake Capital Group, L.P.
    Target
    Precision Die Cutting, LLC
    Industry
    Medical Devices
    Type
    Addon

    TEAM Technologies, a Clearlake Capital-backed specialty healthcare manufacturer, has acquired Precision Die Cutting, LLC (PDC), a Chino, California-based medical specialty manufacturer focused on skin-contacting technologies and infection prevention products. The add-on expands TEAM's die-cutting, laminating and device assembly capabilities to better serve OEM healthcare customers; financial terms were not disclosed.

  • Buyer
    TEAM Technologies, Inc., Clearlake Capital Group, L.P.
    Target
    ViruDefense, Inc.
    Industry
    Medical Devices
    Type
    Addon

    TEAM Technologies, a Clearlake-backed healthcare specialty manufacturer, acquired ViruDefense, a Burlington, MA-based maker of domestically produced N95 respirators. The add-on expands TEAM's infection prevention and control portfolio and brings additional domestic N95 manufacturing capacity and a CDC-certified product into TEAM's platform.

  • Buyer
    TEAM Technologies, Inc., Clearlake Capital Group, L.P.
    Target
    Baril Corporation
    Seller
    Dan Baril (CEO and owner), Selling shareholders of Baril Corporation
    Industry
    Medical Devices
    Type
    Addon

    TEAM Technologies, a Clearlake-backed North American healthcare specialty manufacturer, acquired Baril Corporation, a Haverhill, Massachusetts-based contract manufacturer of disposable single-use medical products. The add-on expands TEAM's capabilities in die-cutting, laminating, device assembly and infection prevention/wound care manufacturing; financial terms were not disclosed and financing was provided by credit funds managed by affiliates of Ares Management with co-lender Northwest Mutual Capital.

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