Type | Private |
---|---|
Industry | Medical devices |
Founded | 2008 |
Headquarters | Marlborough, Massachusetts |
Key people | Joseph M. DeVivo, CEO |
Products | PASV Valve Technology, Xcela PICCs and Ports, Vaxcel PICCs and Ports, Xcela PICC with PASV Valve Technology, NAMIC Fluid Management products and Exodus Drainage Catheters. |
Owner | Avista Capital Partners |
Parent | AngioDynamics, Inc. |
Website | www |
Navilyst Medical, Inc. is a manufacturer of vascular medical equipment, including catheters, ports, and embolization devices. The company name is based on the root navi (as in "navigation") and the suffix lyst (as in "catalyst"). [1]
Navilyst Medical was founded in February 2008 out of the $425 million Avista Capital Partners acquisition of Boston Scientific's Fluid Management and Vascular Access division. The acquisition was seen as a way to focus on "opportunities it sees with vein-access devices, instead of competing for resources with many other projects inside the larger company [of Boston Scientific]," primarily within the hospital realm. [1] [2] The purchase included Boston Scientific's manufacturing plant for NAMIC angiography and angioplasty fluid management devices in Glens Falls, NY. [3] [4]
In January 2012, news broke that vascular device manufacturer AngioDynamics, Inc. would be purchasing Navilyst for $372 million, calling the opportunity "an excellent platform for future revenue and earnings growth, as well as substantial cash flow generation." [5] The purchase was completed on May 22, 2012, valued at $355 million. [6] Navilyst Medical was allowed to continue as a subsidiary/division of AngioDynamics.
Changes arrived at the Glens Falls plant in December 2013 with the announcement of consolidation efforts with AngioDynamics' other facility in Queensbury. The company estimated 80 to 100 jobs would be shed over a period of three years, with the Queensbury plant being converted into a distribution center. [7] A year later, the Glens Falls plant was hit with a warning letter from the FDA concerning faults with design control and real-time aging testing found during on-site inspections, though the company strove "to rectify the deficiencies promptly." [8] [9]
Warren County is a county in the U.S. state of New York. As of the 2020 census, the population was 65,737. The county seat is Queensbury. The county was established in 1813 and is named in honor of General Joseph Warren, an American Revolutionary War hero of the Battle of Bunker Hill.
Glens Falls is a city in Warren County, New York, United States and is the central city of the Glens Falls Metropolitan Statistical Area. The population was 14,700 at the 2010 census. The name was given by Colonel Johannes Glen, the falls referring to a large waterfall in the Hudson River at the southern end of the city.
Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties.
Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate known drugs; today, it sells medical devices, diagnostics, branded generic medicines and nutritional products. It split off its research-based pharmaceuticals business into AbbVie in 2013.
Medtronic plc is an American medical device company. The company's operational and executive headquarters are in Minneapolis, Minnesota, and its legal headquarters are in Ireland due to its acquisition of Irish-based Covidien in 2015. While it primarily operates in the United States, it operates in more than 150 countries and employs over 90,000 people. It develops and manufactures healthcare technologies and therapies.
Boston Scientific Corporation ("BSC"), incorporated in Delaware, is a biomedical/biotechnology engineering firm and multinational manufacturer of medical devices used in interventional medical specialties, including interventional radiology, interventional cardiology, peripheral interventions, neuromodulation, neurovascular intervention, electrophysiology, cardiac surgery, vascular surgery, endoscopy, oncology, urology and gynecology. Boston Scientific is widely known for the development of the Taxus Stent, a drug-eluting stent which is used to open clogged arteries. With the full acquisition of Cameron Health in June 2012, the company also became notable for offering a minimally invasive implantable cardioverter-defibrillator (ICD) which they call the EMBLEM subcutaneous implantable defibrillator (S-ICD).
Ansys, Inc. is an American multinational company with its headquarters based in Canonsburg, Pennsylvania. It develops and markets CAE/multiphysics engineering simulation software for product design, testing and operation and offers its products and services to customers worldwide.
Guidant Corporation, part of Boston Scientific and Abbott Labs, designs and manufactures artificial cardiac pacemakers, implantable cardioverter-defibrillators, stents, and other cardiovascular medical products. Their company headquarters is located in Indianapolis, Indiana. Their main competitors are Medtronic, St. Jude Medical, and Johnson and Johnson.
Ecolab Inc. is an American corporation headquartered in Saint Paul, Minnesota. It develops and offers services, technology and systems that specialize in treatment, purification, cleaning and hygiene of water in a wide variety of applications. It helps organizations, both in private as well as public markets, treat their water for drinking use and for use in food, healthcare, hospitality-related safety and industry. Founded as Economics Laboratory in 1923 by Merritt J. Osborn, it was eventually renamed "Ecolab" in 1986.
Baxter International Inc. is an American multinational healthcare company with headquarters in Deerfield, Illinois.
St. Jude Medical, Inc. was an American global medical device company headquartered in Little Canada, Minnesota, U.S., a suburb of Saint Paul. The company had more than 20 principal operations and manufacturing facilities worldwide with products sold in more than 100 countries. Its major markets include the United States, Europe, Latin America and Asia-Pacific. The company was named after Jude the Apostle, the patron saint of lost causes.
Parexel International is an American provider of biopharmaceutical services. It conducts clinical trials on behalf of its pharmaceutical clients to expedite the drug approval process. It is the second largest clinical research organization in the world and has helped develop approximately 95% of the 200 top-selling biopharmaceuticals on the market today. The company publishes the annual Parexel R&D Statistical Sourcebook, operates the Parexel-Academy, and councils all of the top 50 biopharmaceutical and top 30 biotechnology companies.
Thermo Fisher Scientific Inc. is an American supplier of analytical instruments, life sciences solutions, specialty diagnostics, laboratory, pharmaceutical and biotechnology services. Based in Waltham, Massachusetts, Thermo Fisher was formed through the merger of Thermo Electron and Fisher Scientific in 2006. Thermo Fisher Scientific has acquired other reagent, consumable, instrumentation, and service providers, including Life Technologies Corporation (2013), Alfa Aesar (2015), Affymetrix (2016), FEI Company (2016), BD Advanced Bioprocessing (2018), and PPD (2021).
Terumo Corporation was founded in 1921 as Red Line Thermometer Corporation by a group of medical scientists led by Dr. Kitasato Shibasaburō to produce medical thermometers in Japan.
ICU Medical, Inc. is a San Clemente, California-based company with global operations. ICU Medical products are designed to prevent bloodstream infections and protect healthcare workers from exposure to infectious diseases or hazardous drugs. ICU Medical product line includes intravenous therapy (IV) products, pumps, needle-free vascular access devices, custom infusion sets, closed system hazardous drug handling devices and systems, sensor catheters, needle-free closed blood sampling systems, and hemodynamic monitoring systems.
Established in 2001, Vidacare Corporation was the developer of intraosseous medical devices. Its devices were used in vascular access, emergency and disaster medicine, oncology, and spinal surgery. Privately held, the company was based in San Antonio, Texas, and its products were marketed in over 50 countries worldwide.
Rudy A. Mazzocchi was an American entrepreneur and author. Mazzocchi founded and exited several companies in the med-tech industry including MICROVENA, Vascular Science, Inc., CytoGenesis, Inc. and Image-Guided Neurologics. At his death in 2022, he was Executive Chairman of ONE Exchange AG, Chairman/CEO of AGENTIX Corp., Chairman/CEO of ASEP Medical and former Founding CEO of ELENZA, Executive Chairman of Establishment Labs (NASDAQ:ELSA), Founding Chairman of OptiStent, Inc. and Independent Director of several public and private companies. In 2012, Mazzocchi published the award-winning novel Equity of Evil, the first book of The EQUITY Series. He was the author of over 110 patents. He also served as churchwarden at Manhattan's Little Church Around the Corner.
BTG Limited is an international specialist healthcare company that is developing and commercialising products targeting critical care, cancer and other disorders. The current name was adopted when the British Technology Group changed its name on 27 May 1998. BTG was a constituent of the FTSE 250 Index until it was acquired by Boston Scientific in August 2019.
Shlomo Ben-Haimis an Israeli-born professor of medicine, a serial entrepreneur specializing in the fields of healthcare and biotech, and a philanthropist. He is the co-founder of Biosense Inc., Spectrum Dynamics LLC., Radiancy Inc., X-Technologies, Impulse Dynamics, InStent Inc., Disc-O-Tech Ltd. and EPD Solutions Ltd. He is the inventor of about 560 patents and patent applications.
LeMaitre Vascular is an American medical device company established in 1986 by vascular surgeon George D. LeMaitre, and based in Burlington, Massachusetts, which provides devices, implants and human tissue cryopreservation services used by surgeons in the treatment of vascular conditions, particularly peripheral vascular disease. As of 2022, LeMaitre Vascular sells directly to hospitals in 25 countries and through distributors in more than 70 countries throughout North America, Europe and Asia/Pacific Rim.