Avalign Technologies Acquires Integrated Medical Solutions
Bannockburn, IL (May 28, 2019) – Avalign Technologies, Inc. (“Avalign”), a Bannockburn, IL-based provider of proprietary coatings and a premier full-service precision manufacturer and distributor of implants, specialty surgical instruments, cutting tools, and delivery systems to the orthopedic, spine, and trauma medical device and specialty surgical markets, announced today that it has completed the acquisition of Integrated Medical Solutions (“IMS” or the “Company”), a contract manufacturer of medical devices based in Mentor, Ohio. IMS focuses on machined metal implants for the spine, sports medicine, trauma, and extremities end markets.
Lee Dwyer, General Manager of IMS, said, “Integrated Medical Solutions is excited to become a part of Avalign Technologies. We founded the Company in 2014 and have become a leader in medical implants that improve patient lives. Joining Avalign enables us to be part of a complete medical solutions company and allows the Company to accelerate its growth as we serve customers.”
“We are excited to add IMS’s product families to our array of manufacturing capabilities,” said Forrest Whittaker, CEO of Avalign. “IMS has a reputation for manufacturing high quality spine hooks and connectors, extremities screws, and sports medicine suture buttons and anchors for medical device OEMs. This combination will bring significant value to our customers.”
Ernest Waaser, an Operating Partner at Linden Capital Partners and Chairman of Avalign Technologies, added, “The addition of IMS enhances Avalign’s manufacturing service offering as part of our continued focus on investing in and expanding the services we offer our customer base.”
Much Shelist, P.C. served as legal advisor to Linden.
About Avalign Technologies, Inc.
Avalign Technologies, Inc. is comprised of two divisions, Avalign Orthopedics and Avalign Surgical. Avalign Orthopedics manufactures premium implants and instruments for orthopedic, spine, and trauma applications. Avalign’s proprietary coatings, advanced manufacturing, extensive engineering design and full-service offerings set the Company apart in the precision manufacturing medical device market. Avalign Surgical sells premium surgical instruments to hospitals, distributors, and orthopedic equipment manufacturers around the world. With expertise in both German Surgical Instruments and in sourcing specialty surgical instruments, Avalign Surgical makes it easy to get the instruments you need for any application. For more information, please visit www.avalign.com.
About Linden Capital Partners
Linden Capital Partners is a Chicago-based private equity firm focused exclusively on investing in the healthcare industry. Linden’s strategy is based upon three elements: i) healthcare specialization, ii) integrated private equity and operating expertise, and iii) strategic relationships with large corporations. Linden invests in middle market platforms across the medical products, specialty distribution, pharmaceutical, and services segments of healthcare. For more information, please visit www.lindenllc.com.