Lake Region Medical Acquires Brivant Medical of Galway; Merged Companies Strategically Aligned for
Global Competitive Edge
Lake Region Medical, Ltd., a subsidiary of the closely-held Lake Region Medical in Chaska,
Minnesota, today announced that it has acquired Brivant Medical, based in Galway, Ireland. The acquisition was effective July
23, 2009. Terms were not disclosed. Both the American and Irish companies are global OEM leaders for medical device
guidewires and related products for minimally-invasive cardiac surgery and other procedures.
Lake Region Medical has been doing business in New Ross, Ireland, as Lake Region Medical Ltd., since 1994, while the U.S.
parent company with more than 1,500 employees globally, has more than 50 years experience in the medical device arena. It was
recently named one of the Top 10 medical device companies based in the Twin Cities by the Minneapolis- St. Paul Business Journal (July 3, 2009).
Brivant Medical and Lake Region Medical Ltd., currently employ approximately 800 people at the two locations in Ireland.
Spokespersons for both Brivant Medical and Lake Region Medical said the new acquisition will preserve — and ultimately
expand — jobs at the company sites in Galway and New Ross, Ireland, and Chaska, Minnesota.
Complementary alignment will enhance global initiatives and expedite time to market
The newly aligned companies complement each other and will allow Lake Region Medical a greater global competitive edge in
the medical device and equipment market valued at US$246B by 2011. Brivant Medical's expertise, technology, research and
development, operations, and product portfolio readily strengthen Lake Region Medical's presence in the interventional
guidewire marketplace. The acquisition will enhance the company's global expansion initiatives and expedite time to market for
both Lake Region Medical and Brivant Medical products.
"Lake Region Medical will build upon Brivant Medical's R&D, technological innovations and streamlined processes to deliver a
wide range of OEM steerable guidewires for use in interventional cardiology and peripheral applications," said Joseph F.
Fleischhacker, Lake Region Medical CEO. "Its reputation for exemplary customer service and Brivant Medical's high-quality
solutions, hard working employees, and geographic base will extend Lake Region Medical's ability to deliver current — and new — industry-leading products and services to the medical device industry."
"Lake Region Medical's industry leadership position in guidewire technology, along with its longevity in the business and highly
productive culture, makes it the ideal company to purchase Brivant," said Henry Lupton, Brivant Medical's CEO. "Lake Region
Medical's global reach, scale and widely recognized OEM brand provide the solid foundation to advance Brivant Medical's
"Based on performance, Brivant Medical has a very stable and capable management team," said Ron Von Wald, Global
Marketing Director. "Lake Region Medical not only purchased Brivant Medical for its assets, but also for its outstanding
personnel at all levels of the organization." Von Wald said the only Brivant Medical management change is that the team will
now report directly to John Harris, who has been promoted to the position of Vice President of Outside of US Operations.