AdvancedCath announced today the acquisition of LSA Laser of Plymouth, MN. LSA is a laser manufacturing specialist specializing in medical components and assemblies. LSA is unusual in laser space for its ability to work both medical metals and plastics.

Financial information regarding the transaction was not released.

Analysis

AdvancedCath is a rollup contract manufacturer focused on interventional products. Formed from TechDevice, AdvancedCath Technologies, MP&E, and now LSA, the company brings significant material, molding, balloon, guidewire, and device assembly expertise to this rapidly growing area of medicine. The AdvancedCath strategy of concentrating on certain high-value devices is challenging to execute but, when successful, leads to among the highest multiples in transaction value.

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