Resonetics Archives - Medical Design Sourcing

Resonetics closes $900M nitinol deal and rebrands Memry and Smart Materials

Nitinol is used for a variety of medtech applications. [Photo via Adobe Stock]

Resonetics has closed on its $900 million acquisition of the SAES Getters medical nitinol business.

Nashua, New Hampshire-based Resonetics said it will rebrand Memry Corporation and SAES Smart Materials as Resonetics.

The Smart Materials business creates raw nitinol alloy from nickel and titanium and produces nitinol wires, bars, ribbons and sheets. The Memry business offers electric discharge machining, laser processing, centerless grinding, and nitinol tubing, sheet, and wire fabrication.

Those two companies have around 600 employees at facilities in Bethel, Connecticut, New Hartford, New York, and Menlo Park, California.

Nitinol has superelastic and shape memory properties that make it uniquely useful for a variety of medical applications. Medical device developers are finding new and improved ways to use nit…

FTC concludes antitrust investigation of $900M SAES-Resonetics nitinol deal

Nitinol is used for a variety of medtech applications. [Photo via Adobe Stock]

The Federal Trade Commission has closed its antitrust investigation into Resonetics’ planned $900 million purchase of the SAES Getters medical nitinol business.

Milan, Italy-based SAES said it and Resonetics “will define the timing to finalize the closing of the transaction” in the coming days and will provide further updates.

The company did not say whether the FTC will allow the sale without conditions, but it doesn’t sound like the agency or the Department of Justice will sue over the transaction. More information was not immediately available.

Nashua, New Hampshire-based Resonetics signed a binding agreement in January 2023 to buy the medical nitinol division from SAES, including U.S. subsidiaries Memry Corp. and SAES Smart Materials. The business supplies medical device manufacturers with ra…

Resonetics and Resonant Link team up on wirelessly rechargeable implants

Resonetics and Resonant Link are collaborating on integrated power components for medical implants, the two medtech suppliers recently announced.

The partnership will combine Resonetics’ experience in rechargeable batteries with Resonant Link’s wireless charging expertise. Both companies sell off-the-shelf power products as well as custom-designed components for specific applications.

“Resonant Link’s next-generation wireless charging technology strongly complements Resonetics’ implantable battery technology,” Resonetics Chief Technology Officer Kevin Hartke said in a news release. “Combining the technologies will enable lower profile, faster charging implantable bioelectronic devices.”

Resonant Link CEO Grayson Zulauf characterized Resonetics and the former EaglePicher line of medical batteries as “the gold standard for medical device batteries.”

“They have continuously pushed the boundary of what’s possible, delivering the worl…

Contract Product Design & Development: Choose a Partner Based on Expertise

In the rapidly evolving landscape of medical device design and development, one of the most important decisions that companies will face is whether to do product development in-house or contract the process to an outside firm. Bringing a new device to market is a complex lifecycle that demands expertise, precision, and adherence to rigorous regulatory standards. Unless you are a company with an established and experienced team of development resources, finding employees with the right expertise can be a time consuming process. Standing up entirely new teams can also entail more risk, compared to using a firm with years of experience and a good reputation. For smaller companies and start-ups, this often leaves contract design and development as the best choice for quickly bringing a product to market.

There are many different contract design and development companies in the industry. These companies range from small, focused firms, to development teams inside …

Resonetics names former BD exec Kevin Kelly as CEO

Kevin Kelly, Resonetics president and CEO [Image courtesy of LinkedIn]

Resonetics today announced that Kevin Kelly was appointed president and CEO of the company, effective immediately.

Kelly succeeds Tom Burns, who is retiring and will become the executive chair of the board.

“We are all delighted to welcome Kevin as Resonetics’ next CEO. I’ve known Kevin for more than 20 years, and he brings a long track record of success in the medical technology industry, a customer-centric orientation, and a very collaborative leadership style,” Burns said in a news release. “He has all the attributes to ensure Resonetics will continue to lead the way with the innovative technologies and strong execution our customers require. I’d also like to thank Chip Hance for his mentorship over the past five years as executive chairman. He will continue to play an important role as an active member of the board.”…

Resonetics names former BD exec Kevin Kelly as CEO

Kevin Kelly, Resonetics president and CEO [Image courtesy of LinkedIn]Resonetics today announced that Kevin Kelly was appointed president and CEO of the company, effective immediately.

Kelly succeeds Tom Burns, who is retiring and will become the executive chair of the board.

“We are all delighted to welcome Kevin as Resonetics’ next CEO. I’ve known Kevin for more than 20 years, and he brings a long track record of success in the medical technology industry, a customer-centric orientation, and a very collaborative leadership style,” Burns said in a news release. “He has all the attributes to ensure Resonetics will continue to lead the way with the innovative technologies and strong execution our customers require. I’d also like to thank Chip Hance for his mentorship over the past five years as executive chairman. He will continue to play an important role as an active member of the board.”

Kelly has more than 25 yea…

Resolution Medical hires new CEO

Resolution Medical today said it has hired Peter Herman as CEO.

Herman replaces former CEO David Blaeser, who joined the Fridley, Minnesota-based medical device contract development and manufacturing organization (CDMO) in 2020. Blaeser’s LinkedIn page says he is now at Nextern in White Bear Lake, Minnesota.

Herman was previously VP of multi-site operations at Resonetics, and before that held management positions at JunoPacific, Lake Region Medical and UFE.

Peter Herman is CEO of Resolution Medical. [Photo via LinkedIn]

“The value Resolution Medical brings to the medical device market is truly unique, and I am fortunate to have the opportunity to work with such a skilled team,” Herman said in a news release. “The combination of deep clinical and device design knowledge, biosimulation technology and pre-clinical services, and production readiness and launch capabilities position R…

Resonetics to buy SAES Medical nitinol business for $900M

Resonetics announced today that it has signed an agreement to acquire Memry Corp. and SAES Smart Materials from SAES Getters S.p.A, Milan, Italy.

The planned acquisition will expand Nashua, New Hampshire–based Resonetics’ nitinol raw material and component manufacturing capabilities.

The companies expect the $900 million deal to close this year. The transaction is subject to the receipt of regulatory clearances and approvals. In addition, there are other closing conditions, including the approval of the SAES Getters S.p.A. board of directors.

Both of the businesses that Resonetics is acquiring are U.S. based. They have 550 employees and operations in Bethel, Connecticut; New Hartford, New York; and Menlo Park, California.

The deal enables Resonetics to better serve a wide range of medtech

Nitinol is enabling technological advances in a range of therapeutic areas, such as structural heart, peripheral vascular, electrophysiology, neurovascular…

Resonetics acquires Agile MV

Resonetics today announced that it has acquired Agile MV for an undisclosed amount.

As part of the acquisition, Nashua, N.H.-based Resonetics will rebrand its existing Design and Development Services business as Agile Product Development. It will have locations in Boston, San Diego and Montreal with a common focus on quality, innovation and agility, according to the company.

Get the full story on our sister site, Medical Tubing + Extrusion.

Sensor Technology for Medical Devices: How Fiber Optic and Electromechanical Sensors Can Be Used to Improve Patient Outcomes

Medical procedures continue to advance with the development of new technology and manufacturing capabilities. These advancements led to a need for more device feedback and data during procedures to help guide clinicians to more successful patient outcomes. There are several different types of sensors that can be integrated into medical devices to measure critical inputs such as pressure, strain, and temperature. The integration of these sensors has become more challenging as devices increase in complexity and decrease in size. Resonetics can support companies that are looking to add sensor capabilities to their device through the design, manufacturing, and integration of fiber optic and electromechanical sensors.

Fiber Optic Sensors

Fiber optic sensors are comprised of a sensor, fiber optic cable, and a signal conditioner. The signal conditioner sends light through the fiber optic cable to the sensor, which contains a mirror to reflect the light…

Carlyle makes a significant investment in Resonetics

Carlyle-managed funds have acquired a significant interest in medical device contract manufacturer Resonetics.

Today’s announcement did not include the investment size, but the deal values Nashua, New Hampshire–based Resonetics at roughly $2.25 billion.

Carlyle joins existing investor GTCR as a meaningful shareholder in the company.

Resonetics focuses on producing highly technical components for medical device applications, providing services from design and development to high-volume manufacturing.

“Our business has advanced significantly over the past four years, expanding on our scale and capabilities and becoming an increasingly valuable partner to our customers, and we look forward to keeping the momentum going,” Resonetics CEO Tom Burns said in a news release.

Steve Wise, a Carlyle managing director and head of global healthcare, said Carlyle’s global network will open up new avenues of organic opportunities for Resonetic…

Resonetics buys Hudson Medical Innovations

Resonetics said today that it has purchased Hudson Medical Innovations from Preco.

Hudson manufactures microfluidics, point-of-care diagnostics (including application of reagents), biosensors, and advanced wound care devices. The company was founded in 2012 and is headquartered in Hudson, Wisconsin.

Resonetics said Hudson’s responsive prototyping capabilities and proprietary, automated equipment helped build its reputation as a supplier that supports customers with precise products from development to high-volume production.

“Hudson Medical Innovations is utilizing many of the same principles that have driven Resonetics’ growth: a focus on the customer, innovative problem solving, and purpose-built equipment to scale production efficiently,” Resonetics President and CEO Tom Burns said in a news release. “The Hudson team has established a great position serving leading customers in very exciting high-growth markets, expanding the breadth and diversi…