Point Technologies will become the contract manufacturing division of AMIH catering to large, medium and small finished medical device manufacturers, sometimes called OEMs
Point Technologies, a component manufacturing company headquartered in Colorado, which serves the biotech, medical device and semiconductor industries, has been acquired by American Medical Instruments Holdings (AMIH) in a stock purchase deal.
The financial details of the sale were not disclosed.
Point Technologies will become the contract manufacturing division of AMIH catering to large, medium and small finished medical device manufacturers, sometimes called OEMs.
Kirk O'Brien, the principal owner of Point Technologies, will become the president of the new Point Technologies division of AMIH.
Point Technologies will take over the resources of the existing Inter-V OEM division consisting of Manan Medical Products, Medical Device Technologies, and American Medical Instruments.
The new division will have manufacturing sites in Boulder, Colorado, Gibbon, Minnesota, Wheeling, Illinois, Gainesville, Florida, Dartmouth, Massachusetts and Heredia, Costa Rica.
The division will enlarge its technology centrer and enhance its service offerings in a variety of locations.
Services ranging from prototype design, advanced micromachining processes to assembly and final packaging are currently available from several world class, ISO 9001 registered, facilities.
Point Technologies manufactures critical components and sub-components for medical device development companies using its competencies of precision wire and tube micro-machining, burr-free cutting, and electrochemical pointing and plating technologies for small diameter wire and tubing.
Capabilities added to the Point Technologies list by the acquisition will be device assembly, plastic injection molding, wire and tube grinding, laser welding, NiTi heat setting, final packaging and many others.
The new division will provide incision technology in addition to precision wire and tube machining for endoscopic, ophthalmic, arthroscopic, orthopaedic, ENT and other minimally invasive applications.
