Navigation Links
Riverside Partners Announces Acquisition of CTW, Inc. and Partnership with Tegra Medical
Date:1/19/2010

Orthopaedic-focused contract manufacturing company CTW, Inc. of Mississippi and Massachusetts-based medical device manufacturer Tegra Medical to join forces and expand orthopaedic market penetration

Boston, MA (PRWEB) January 19, 2010 -- Riverside Partners, a private equity firm based in Boston, MA, is pleased to announce its majority investment in CTW, Inc., an orthopaedic-focused contract manufacturing company based in Hernando, Mississippi on behalf of one of its portfolio companies, Tegra Medical, headquartered in Franklin, MA. Riverside financed and completed the transaction in conjunction with the existing CTW and Tegra management teams. CTW will leverage Tegra's organizational infrastructure by supporting CTW with resources to expand its orthopaedic market penetration.

CTW is an outsourced manufacturer for medical device OEMs with a particular focus on orthopaedics. CTW partners with its customers to manufacture highly engineered medical devices and components in orthopaedic specialties, particularly spine, trauma, knees, hips, and dental applications. The growing importance of cost-effective healthcare makes it essential to manufacture medical devices with greater precision to reduce procedural time and length of stay in the hospital. CTW utilizes its proven expertise to help OEM clients improve design for manufacturability and assembly and reduce time to market.

"Riverside is very excited to invest additional capital and continue to back the existing management team at CTW as they continue to grow. We believe CTW is a world-class supplier to medical device OEMs, and its affiliation with Riverside and Tegra Medical will continue to help it meet the needs of current and future customers. CTW's strong position in the spine and trauma specialties, its long-term customer relationships, and its world-class manufacturing facility make it a perfect fit," said Philip Borden, a General Partner at Riverside.

"We are excited about working with Riverside Partners because of their experience in growing leading healthcare businesses," said Dale Cole, Jr., President of CTW. "Riverside can provide additional capital and resources to help the company continue its strong growth. We're also excited about our partnership with Tegra Medical, who can provide ongoing resources, including sales and marketing resources, to support future growth."

"Riverside's healthcare investment and operating experience has been extremely helpful since the founding of Tegra Medical. Our partnership with Riverside allows us to invest in the necessary infrastructure so that Tegra can continue to provide innovative products with industry leading quality and service," said Gerald Mazzenga, CEO of Tegra Medical. "We are very excited about our partnership with CTW and are pleased to be working with Dale and his team."

About CTW

Founded in 1996, CTW is a leading outsourced manufacturer of implants and instruments for the orthopaedic market offering Swiss-style turning, multi-access CNC milling, EDM, gun drilling, laser processing and other secondary operations. The company is located in Hernando, Mississippi.

About Riverside Partners

Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund IV, L.P. The fund focuses on growth oriented companies primarily in the healthcare and technology industries. Riverside is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. The partners at Riverside have managed more than $500 million in investments in over 50 companies.

About Tegra Medical

Founded in 2007, Tegra Medical was created from the combination of New England Precision Grinding, Accu-Met Laser and American Medical Instruments. Tegra provides wire and tubular components and assemblies, along with specialty needles for sports medicine, cardiovascular, drug delivery and other minimally invasive market segments.

Contact Information

Riverside Partners, LLC
One Exeter Plaza            
699 Boylston St., 8th Floor            
Boston, MA 02116            
T: 617.351.2810         
http://www.riversidepartners.com

CTW
3414 Hwy 51 South
Hernando, MS 38632
T: 662.429.5191
http://www.ctw-inc.com

Tegra Medical
9 Forge Park
Franklin, MA 02038
T: 508.541.4200
http://www.tegramedical.com

###

Read the full story at http://www.prweb.com/releases/2010/01/prweb3454154.htm.


'/>"/>
Source: PRWeb
Copyright©2010 Vocus, Inc.
All rights reserved

Related medicine news :

1. Book by UC Riverside biologist explains Darwins Origin of Species
2. Evolutionary struggle with cancer is focus of public lecture at UC Riverside
3. Riverside County Community Agencies Participate in Senior Sensitivity Training Provided by SCAN Health Plan
4. Riverside Partners Completes Growth Equity Investment in Vocollect, the Leader in Voice Solutions for Supply-Chain and Healthcare Workforce Management
5. Arizona-Based Sprouts Farmers Market Sprouts in Brea and Riverside
6. How new species evolve is focus of public lecture at UC Riverside
7. Riverside Partners Teams with Management to Acquire IZI Medical Products
8. Riverside County Registered Nurses File a Lawsuit to Stop Countys Violation of Federal Law
9. Riverside Health System Announces $1 Million Incentive Program For Small Businesses to Offer Insurance Coverage for Employees
10. Global Med Technologies(R) Signs Agreement With Californias Century Old Riverside County Regional Medical Center
11. Riverside Partners Teams with Management to Acquire Innovative Product Achievements
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... , ... June 25, 2016 , ... ... policy issues and applications at AcademyHealth’s Annual Research Meeting June 26-28, 2016, at ... on several important health care topics including advance care planning, healthcare costs and ...
(Date:6/25/2016)... ... 25, 2016 , ... First Choice Emergency Room , the largest network ... the Medical Director of its new Mesquite-Samuell Farm facility. , “We are pleased ... location,” said Dr. James M. Muzzarelli, Executive Medical Director of First Choice Emergency Room. ...
(Date:6/25/2016)... ... ... Conventional wisdom preaches the benefits of moderation, whether it’s a matter of ... too high can result in disappointment, perhaps even self-loathing. However, those who set the ... Research from PsychTests.com reveals that behind the tendency to set low expectations ...
(Date:6/24/2016)... ... ... in a crisis. Her son James, eight, was out of control. Prone to extreme mood ... something upset him, he couldn’t control his emotions,” remembers Marcy. “If there was a ... children and say he was going to kill them. If we were driving on ...
(Date:6/24/2016)... ... June 24, 2016 , ... Comfort Keepers® of San Diego, CA is excited ... To Recovery® program to drive cancer patients to and from their cancer treatments. ... highest quality of life and ongoing independence. Getting to and from medical treatments ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... , June 23, 2016 Bracket , ... launch its next generation clinical outcomes platform, Bracket eCOA (SM) ... held on June 26 – 30, 2016 in ... first electronic Clinical Outcome Assessment product of its kind to ... #715. Bracket eCOA 6.0 is a flexible platform ...
(Date:6/23/2016)... , June 23, 2016 Revolutionary ... Oticon , industry leaders in advanced audiology ... of Oticon Opn ™, the world,s first internet ... possibilities for IoT devices.      (Photo: ... introduces a number of ,world firsts,: , ...
(Date:6/23/2016)... 2016  Experian Health, the healthcare industry ... patient payment and care experience, today announced ... and services that will enhance the breadth ... These award-winning solutions will enable healthcare professionals ... in an ever-changing environment and redefine front-office ...
Breaking Medicine Technology: