NextPhase Medical Devices LLC, a provider of electronic manufacturing services and single-use disposable devices to medical device OEMs, has acquired Proven Process Medical Devices Inc. Proven Process is a medical device design, development and manufacturing services firm
NextPhase is a portfolio company of Kidd & Co. LLC, a private investment firm located in Old Greenwich, CT.
“The acquisition of Proven Process extends our technology platform and strengthens our capabilities to help our customers navigate medical device challenges,” said NextPhase CEO Carlo Colesanti. “Proven Process is known for its state-of-the-art engineering and its ability to act with speed to support customers in commercializing their technologies and products.”
Kenneth Heuer, Kidd & Co. principal and NextPhase board member added, “NextPhase’s acquisition of Proven Process is another step in our strategy of creating a leading contract manufacturer focused exclusively on the medical device industry. The combination of NextPhase and Proven Process allows the Company to get involved with customers earlier in the concept, design and engineering phases of new projects in complement with its already established expertise in the manufacture of capital equipment and single-use disposables for medical device OEMs. Additionally, we have diversified our customer base while gaining access to new market segments and areas of expertise. We welcome all of the Proven Process employees to the newly combined team.”
Kenneth Fine, president of Proven Process, said, “Joining NextPhase will give our customers access to a world-class, Lean-focused organization with manufacturing capacity and scale. This will also help us to quickly expand our capabilities to better serve our customers. Our shared desire to engineer and manufacture some of the world’s most innovative medical devices that address unmet patient needs makes this a very exciting time for our two companies and for our employees and customers.”