Avalign Technologies, Inc. Acquires Nemcomed, Inc.
Nemcomed, Inc. sold its business to Avalign Technologies
True North advised Nemcomed, Inc. on the sale of the company to Avalign Technologies, Inc., a portfolio company of RoundTable Healthcare Partners. The acquisition was announced by RoundTable Healthcare Partners on August 1, 2007. True North was the lead strategic and financial advisor to Nemcomed in this transaction.
Founded in 1976, Nemcomed develops and manufactures precision medical devices that assist surgeons in providing improved quality of life for their patients. Nemcomed was founded in Hicksville, Ohio and expanded its manufacturing, engineering and research & development capacities through opening a new facility in Fort Wayne, Indiana (winter 2006). Nemcomed is a leading designer and manufacturer of precision machined medical implants and instrumentation for orthopedic specialties.
RoundTable Healthcare Partners, located in Lake Forest, Illinois is an operating-oriented private equity firm focused exclusively on the healthcare industry. Its portfolio company, Avalign Technologies, Inc. completed the acquisition of Nemcomed. Avalign’s acquisition of Nemocomed provides the company with first class precision machining capabilities, a strong team of design engineers and a proprietary line of instrumentation. The acquisition positions Avalign to be a leading full-service provider of outsourced services to medical device OEMs.
