Riverpoint Medical, a leading developer, designer and manufacturer of medical devices focused on advanced surgical fiber and regenerative technologies, announced that it has completed the acquisition of C.P. Medical Corporation. Riverpoint is a portfolio company of Arlington Capital Partners, a Washington, D.C.-area private investment firm specializing in government regulated industries.
For over 20 years, CP Medical has been a leading device manufacturer focused on specialty surgical applications and wound closure products for the surgical and animal health markets. CP Medical brings a robust portfolio of specialty surgical and animal health wound closure devices, including resorbable and non-absorbable products, which are highly complementary to Riverpoint’s existing capabilities and offerings.
Matt Altman, a Managing Partner at Arlington, said, “Riverpoint’s acquisition of CP Medical marks an important milestone for the Company, accelerating Riverpoint’s growth in its core surgical and animal health end-markets. Riverpoint’s robust product development and engineering resources will further broaden CP Medical’s existing product portfolio. We’re confident the combination will deliver exceptional value to both Riverpoint’s and CP Medical’s customers.”
“The addition of CP Medical aligns seamlessly with Riverpoint’s growth strategy and allows the Company to further its commitment to delivering high-quality surgical solutions”, said Gordon Auduong, a Principal at Arlington. “We look forward to leveraging CP Medical’s established relationships to deliver the same level of innovation, excellence, and service that Riverpoint is known with its customers.”
DC Advisory served as financial advisor to Riverpoint Medical and Arlington on the transaction.
About Riverpoint Medical
Headquartered in Portland, Oregon, Riverpoint Medical is a leading developer, designer and manufacturer of medical devices focused on advanced surgical fiber and regenerative technologies. The Company’s robust offering includes implants, high strength fiber solutions, and proprietary surgical coatings for the sports medicine, orthopedic, wound closure, and cardiovascular markets. Riverpoint’s wound closure products include a broad portfolio of high-quality bioresorbable and non-absorbable sutures for the surgical and animal health markets. www.rpmed.com.
About Arlington Capital Partners
Arlington Capital Partners is a Washington, D.C.-area private investment firm specializing in government-regulated industries. The firm partners with founders and management teams to build strategically important businesses in the healthcare, government services and technology, and aerospace and defense. Since its inception in 1999, Arlington has invested in over 150 companies and is currently investing out of its $3.8 billion Fund VI. For more information, visit Arlington’s website at www.arlingtoncap.com and follow Arlington on LinkedIn.
