Ampersand Portfolio Firm Sterling Medical Units Recapitalizes RBC Medical Improvements, Merges Entities

Creates Electromechanical Medical System Trade Chief with Broad Design, Improvement, Regulatory and Manufacturing Capabilities

Trade Veteran David Montecalvo Appointed CEO of Mixed Firm, Efficient Instantly

MOONACHIE, N.J. and LENEXA, Kan., Feb. 8, 2023 /PRNewswire/ — Sterling Medical Units (“Sterling”), a number one supplier of design, improvement and regulatory companies to the medical machine trade, introduced at present its recapitalization and simultaneous merger with RBC Medical Improvements (“RBC”). RBC brings further design and improvement capability, together with experience in energy-based electromechanical units, in addition to manufacturing capabilities to the mixed group.

As a part of the transaction, Med Tech trade govt David Montecalvo has been appointed Chief Govt Officer of the mixed firm. Montecalvo joins the administration staff with over 35 years of expertise within the Med Tech trade, together with govt degree positions at Medtronic and, most lately, West Pharmaceutical Providers. Sterling Founder Dan Sterling will stay on the senior management staff and a Board Director. RBC Founder Carl Mayer has joined the Board of Administrators.

RBC Founder Carl Mayer commented, “Ampersand and Sterling are an ideal strategic match for RBC’s subsequent stage of development. We invested a number of years creating our relationship and shared imaginative and prescient with the Ampersand staff and once they made an funding in Sterling, a revered title in medical machine design companies, it was clear {that a} mixture of our corporations was the best technique to speed up our collective customer-focused, fast-to-market design and manufacturing imaginative and prescient.”

CEO David Montecalvo added, “Sterling and RBC have developed glorious reputations within the trade based mostly on their respective capabilities and monitor information of supporting Med Tech innovation.  I’m honored to accomplice with Ampersand and administration and stay up for offering a completely built-in service providing to our prospects to assist the development of progressive take care of sufferers.”

“We partnered with Ampersand to expedite the expansion of our present enterprise whereas additionally looking for M&A alternatives that may be a powerful cultural match and produce capabilities complementary to our personal. We could not have hoped for a greater match than RBC. Our groups are already collaborating to the good thing about our prospects, and we’re keen to construct a brilliant future collectively,” famous Sterling’s Founder Dan Sterling. “We’re additionally excited to welcome David to the staff. His expertise will serve us effectively as we proceed to construct an organization that may service the wants of small innovators and strategic titans alike.”

Trevor Wahlbrink, Accomplice at Ampersand, commented, “We’re extraordinarily enthusiastic concerning the firm that has been created following the mixture of those two excellent companies. The partnership is a win-win for present and potential prospects and can present a full outsourced resolution for medical machine innovation. We’re thrilled to welcome David and Carl to the staff and stay up for collaborating with them to proceed constructing the enterprise by way of each natural and inorganic means.”

About Sterling Medical Units

Positioned in Moonachie, New Jersey, Sterling Medical Units is a supplier of customized electromechanical and software program options for the medical machine trade. For greater than 21 years, the Firm’s in depth and various expertise in product improvement has helped healthcare firms carry their medical machine software program and {hardware}, electromechanical tools, and cell medical machine apps to market. Sterling addresses the whole improvement course of together with programs, software program, electronics, mechanical, high quality, compliance, and regulatory affairs. For extra info, go to www.sterlingmedicaldevices.com.

About RBC Medical Improvements

Since 1994, medical machine firms have chosen RBC Medical Improvements as a accomplice to design, develop and manufacture progressive medical units attributable to our means to cut back time-to-market whereas offering customer-focused options flexibly and dependably. Our platform-based strategy has introduced quite a few units to marketplace for each main medical machine OEMs in addition to the world’s main innovators. For extra info, go to www.rbccorp.com.  

About Ampersand Capital Companions

Based in 1988, Ampersand Capital Companions is a center market personal fairness agency with $3 billion of belongings beneath administration devoted to growth-oriented investments within the healthcare sector. With places of work in Boston, MA and Amsterdam, Netherlands, Ampersand leverages a singular mix of personal fairness and working expertise to construct worth and drive superior long-term efficiency alongside its portfolio firm administration groups. Ampersand has helped construct quite a few market-leading firms throughout every of the agency’s core healthcare sectors. For extra info, go to www.ampersandcapital.com or comply with us on LinkedIn.

SOURCE Ampersand Capital Companions