Mundomedis recently acquired 96% of the common shares of US-based medical device manufacturer, Tennessee Medical Innovations Inc. (TNMI).
TNMI will serve as Mundomedis’ platform for further medical device investments and acquisitions which Mundomedis is currently evaluating.
Besides the financial investment, TNMI will benefit from Mundomedis’ global sales & marketing expertise and a global medical device distribution network. Mundomedis will also provide senior management leadership to TNMI.
Mundomedis COO, Kyle Jordan, explained, “TNMI will allow Mundomedis to leverage its global medical device platform and provide other Mundomedis portfolio companies with a vehicle to fast track market entry around the world. This is all possible because TNMI operates the necessary Quality Systems and has production capabilities to produce Class III medical devices. Together with Mundomedis’ global sales platform, we see significant opportunities in the near term to execute some very promising acquisitions that will accelerate our global expansion.”
Mundomedis is a global incubator for startup and early-stage medical device companies and serves as a growth accelerator for more advanced medical device companies. Located in Dubai Silicon Oasis, a fully integrated technology park with the aim to foster technology and entrepreneurship, Mundomedis utilizes its global network of strategic partners, distributors, manufacturers and healthcare providers to:
– Raise Capital
– Assist and drive M&A strategies
– Develop global sales and marketing strategies
– Build and expand distribution channels
– Source suppliers and assist in outsourcing production
– Support in Regulatory Affairs
For more information about Mundomedis visit: www.mundomedis.ae