Cirtec Medical ("Cirtec") is a leading global provider of outsourced medical device and components design, engineering and manufacturing. It is headquartered in Minnesota, operating three facilities across the United States with additional operations in Germany through a subsidiary, Vascotube GmbH (“Vascotube”). Cirtec specialises in outsourced solutions for active implantable devices in the areas of neuromodulation, structural heart, drug delivery, cardiac rhythm management, ventricular assist and minimally invasive devices. Customers rely on Cirtec’s expertise to provide value-add solutions throughout the entire development cycle to help bring life-enhancing therapies to market.
The medical device outsourcing (MDO) market is expected to grow at a high single digit rate over the next five years and Cirtec is strategically positioned to serve attractive therapeutic end-markets that are set to grow at a rate beyond the broader MDO industry.
"We look forward to partnering with 3i. We feel that their approach, sector understanding and international reach makes them the right partner to support the next stage of our growth." Brian Highley, CEO, Cirtec