ARCH Medical Options Corp. (“ARCH”) in the present day publicizes the acquisition of MedTorque (“MT”), a world-class precision producer of orthopedic devices and implants with services in Kenosha, Wisconsin, and Elmhurst, Illinois, from Parallel49 Fairness
BLOOMFIELD HILLS, MICH. (PRWEB) JULY 15, 2022 –
ARCH Medical Options Corp. (“ARCH”) in the present day publicizes the acquisition of MedTorque (“MT”), a world-class precision producer of orthopedic devices and implants with services in Kenosha, Wisconsin, and Elmhurst, Illinois, from Parallel49 Fairness, a non-public fairness agency based mostly in Lake Forest, Illinois, targeted on investing in specialty manufacturing and enterprise companies firms. MedTorque is extremely proficient in serving a variety of orthopedic purposes, together with spinal fusion and spinal arthroplasty; higher and decrease extremities; giant joint reconstruction; trauma; and robotic surgical procedure. MedTorque can be identified for its product portfolio of silicone handles, ratchet drivers, and torque-limiting drivers that may be customized engineered to prospects’ necessities. The Elmhurst, Illinois, facility will function as ARCH Medical Options – Elmhurst, and the Kenosha, Wisconsin, facility will function as ARCH – MedTorque. The acquisition expands the ARCH Medical Options repertoire and strengthens the corporate’s place as a number one, diversified provider within the medical machine contract manufacturing market.
Paul Barck, Divisional President of ARCH Medical Options, says the addition expands the corporate’s providing to incorporate a broad catalog of surgical instrument handles, torque-limiting drivers, and single-procedure units for orthopedic OEMs offering progressive merchandise that change lives. “The in depth design and manufacturing expertise of MedTorque in almost each orthopedic self-discipline mixed with its proprietary line of reusable and single-procedure merchandise provides us new capabilities and added scale to supply our prospects. MedTorque has additionally established itself as a strategic provider of devices with extraordinarily tight tolerances for robotic-assisted and navigated surgical platforms inside the quickly rising orthopedics and MIS surgical applied sciences enviornment,” Barck stated. “The spirit of innovation and collaboration at MedTorque is an ideal match for our progress and customer-minded household of precision manufacturing firms.”
“We’re happy to be becoming a member of ARCH Medical Options, and we’re trying ahead to working with Paul and his group to rapidly mix and develop the portfolio of merchandise and options we provide our prospects,” says Steve Sundberg, President and Chief Government Officer of MedTorque. “It has been clear all through our discussions we share values and a dedication to staff and prospects. I’m satisfied it is a nice match for our staff and have little question our prospects will profit from the added assets and experience resident in ARCH. I’m happy we have been capable of deliver this collectively and applaud the ARCH group for the best way they performed themselves each step of the best way.”
John Ruggieri, Senior Vice President of Enterprise Growth at ARCH Medical Options, sees alternatives for deeper collaborations and partnerships sooner or later. “The varied vary of design, engineering, and manufacturing expertise coupled with the progressive line of MedTorque merchandise opens up an entire new world of synergies and alternatives to offer extra of the options our prospects want,” Ruggieri stated. “I’m excited to see what we accomplish with our expanded group of precision manufacturing specialists.”
About ARCH Medical Options
ARCH Medical Options, a Jordan Firm platform firm based mostly in metro Detroit, precision manufactures high-quality medical parts, elements, devices, units, and implants for a variety of life-changing medical purposes. ARCH Medical Options has a number of FDA-registered services throughout the nation serving the orthopedics, surgical robotics, cardiovascular, dental, and life sciences markets. The groups at ARCH Medical Options are metalworking professionals with industry- main tight-tolerance manufacturing experience. ARCH Medical Options offers progressive and sensible options to the complicated manufacturing challenges of its prospects that result in higher affected person outcomes. Enhancing peoples’ lives. We have now an element in that. Be taught extra at arch-medical.com.
ARCH Medical Options