Ampersand Portfolio Company Sterling Medical Devices Recapitalizes RBC Medical Innovations, Merges Entities

Makes Electromechanical Clinical Product Market Chief with Wide Design and style, Enhancement, Regulatory and Production Abilities

Sector Veteran David Montecalvo Appointed CEO of Mixed Organization, Efficient Right away

MOONACHIE, N.J. and LENEXA, Kan., Feb. 8, 2023 /PRNewswire/ — Sterling Health-related Equipment (“Sterling”), a foremost company of design and style, improvement and regulatory services to the healthcare machine sector, announced today its recapitalization and simultaneous merger with RBC Health care Improvements (“RBC”). RBC brings supplemental design and advancement capability, such as know-how in vitality-dependent electromechanical gadgets, as very well as production abilities to the merged organization.

As portion of the transaction, Med Tech sector govt David Montecalvo has been appointed Chief Government Officer of the blended firm. Montecalvo joins the administration staff with around 35 years of experience in the Med Tech marketplace, like govt amount positions at Medtronic and, most recently, West Pharmaceutical Products and services. Sterling Founder Dan Sterling will keep on being on the senior management crew and a Board Director. RBC Founder Carl Mayer has joined the Board of Administrators.

RBC Founder Carl Mayer commented, “Ampersand and Sterling are a great strategic suit for RBC’s upcoming stage of expansion. We invested quite a few several years developing our romance and shared vision with the Ampersand workforce and when they designed an investment in Sterling, a highly regarded identify in medical unit style and design products and services, it was distinct that a blend of our companies was the ideal method to speed up our collective purchaser-targeted, quick-to-market style and design and producing eyesight.”

CEO David Montecalvo additional, “Sterling and RBC have formulated great reputations in the business based on their respective capabilities and track data of supporting Med Tech innovation.  I am honored to lover with Ampersand and management and glance ahead to delivering a totally integrated assistance providing to our clients to assist the development of progressive care for sufferers.”

“We partnered with Ampersand to expedite the development of our current organization whilst also looking for M&A prospects that would be a robust cultural match and convey abilities complementary to our very own. We couldn’t have hoped for a superior in good shape than RBC. Our groups are currently collaborating to the benefit of our prospects, and we are eager to establish a vivid long term collectively,” pointed out Sterling’s Founder Dan Sterling. “We’re also energized to welcome David to the staff. His experience will serve us perfectly as we go on to construct a corporation that can assistance the desires of compact innovators and strategic titans alike.”

Trevor Wahlbrink, Husband or wife at Ampersand, commented, “We are really enthusiastic about the business that has been established next the mixture of these two fantastic firms. The partnership is a win-earn for latest and potential consumers and will offer a entire outsourced solution for professional medical machine innovation. We are thrilled to welcome David and Carl to the crew and look forward to collaborating with them to go on creating the business enterprise by means of each organic and inorganic signifies.”

About Sterling Clinical Units

Situated in Moonachie, New Jersey, Sterling Medical Products is a company of custom electromechanical and program methods for the healthcare product industry. For extra than 21 many years, the Company’s in depth and assorted encounter in products improvement has served health care organizations deliver their medical product application and components, electromechanical equipment, and cell clinical system apps to industry. Sterling addresses the whole enhancement system together with methods, software package, electronics, mechanical, high quality, compliance, and regulatory affairs. For more info, visit www.sterlingmedicaldevices.com.

About RBC Professional medical Innovations

Due to the fact 1994, health care gadget businesses have selected RBC Health care Innovations as a associate to layout, develop and manufacture ground breaking health care products thanks to our potential to cut down time-to-market place although giving buyer-focused methods flexibly and dependably. Our platform-based mostly solution has introduced many products to market place for both main health-related device OEMs as well as the world’s leading innovators. For extra info, visit www.rbccorp.com.  

About Ampersand Cash Partners

Started in 1988, Ampersand Money Associates is a center sector non-public fairness business with $3 billion of assets below management committed to progress-oriented investments in the healthcare sector. With offices in Boston, MA and Amsterdam, Netherlands, Ampersand leverages a unique mix of non-public fairness and working working experience to construct worth and push top-quality lengthy-time period overall performance together with its portfolio corporation administration teams. Ampersand has helped make quite a few market place-major corporations throughout each individual of the firm’s core healthcare sectors. For supplemental info, visit www.ampersandcapital.com or adhere to us on LinkedIn.

Resource Ampersand Capital Partners