Chairman & CEO / MedTech's Top Search Consultant / The Mullings Group Companies / Board Member / Angel Investor / Keynote Speaker
The acquisition by of Surmodics, Inc. by GTCR LLC is another indication of Private Equity moving deeper into the medical device technology funnel. Look for regulatory risk in the form of 510k's to start to be acceptable, in fact required, in the PE backed medtech companies. Specialty engineering capabilities in design, manufacturing processes, and exotic materials is taking place in the contract manufacturing sector perhaps even with a greater velocity than in the OEM's. The larger OEM's have been outsourcing these emerging designs, especially in the interventional markets (neuro & cardio) to the specialty houses and that is where the new breakthroughs in the design and manufacturing are being exercised. Do not sleep on fantastic careers in design, manufacturing, supply chain, quality, and process roles in this sector. Steve Maxson and I discuss this continued breakout of new career opportunities as events unwind. Full session in Comments
Joe Mullings we spoke about this at MD&M. You called it! 💪
Great stuff on the weekend feed from Steve Maxson and Joe Mullings. If you are in the job hunt stage please don't discount the knowledge that resides right here. Speaking the truth and please remember the "profits interests" are the second bite so let's not discount stock options or founders shares with an early stage CM opportunity prior to a transaction from a PEG. In many PE scenarios you can hit the daily double vs. VC dilution, compressed washed out valuation, FDA delays, risk, risk, and more risk to ultimately take an "L". We've got a "W" if you can stomach the high cost of living in the Arizona high country. Poba Medical The Mullings Group Chamfr Machine Solutions Inc.
Agree Joe and Steve, there are for sure “profit pools” to be exploited in this value chain which is changing as a function of time as contract manufacturers look for points of differentiation.
Interesting points.
Joe Mullings 100% accurate and good guidance to the Engineering community - thank you!
Chairman & CEO / MedTech's Top Search Consultant / The Mullings Group Companies / Board Member / Angel Investor / Keynote Speaker
1moFull session - https://youtu.be/A4czjGB4seA?si=8wKHRZIThkybEIwL