Spectrum Vascular adds Piccolo Medical
The acquisition adds catheter navigation technology that uses blood-flow sensing to guide tip placement and eliminate the need for chest X-rays.
Takeaways
- SK Capital-backed Spectrum Vascular acquires Piccolo Medical, adding FDA-cleared
- Piccolo's Nav+ Stylet uses blood-flow sensing for real-time tip placement, elimi
- The deal integrates Piccolo’s guidance system with Spectrum’s commercial reach t
Spectrum Vascular, a White Plains, N.Y.-based medical device company formed through the vascular access businesses of Cook Medical and AngioDynamics, has acquired Piccolo Medical, a San Francisco-based developer of catheter navigation technology.
The deal, announced Thursday, builds on an existing partnership between the two companies and will bring Piccolo CEO Augustus Shanahan and his team into Spectrum.
“The acquisition of Piccolo Medical represents an important milestone in our mission to transform vascular access,” said Spectrum CEO Kenneth Miller.
Spectrum is backed by private investment firm SK Capital Partners.
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