Month: February 2019

Boston, Massachusetts – February 14, 2019 – Sverica Capital Management LP (“Sverica”) announced today that Women’s Health USA (“Whusa”) has finalized an expansion, and long-term extension, of its business partnership with Women’s Health Connecticut (“WHC”).  WHC is a group of 250+ OBGYN physicians and mid-level providers across 80 locations in Connecticut.

Dr. Richard Ruben, who is a practicing physician while he serves as Chairman of the WHC board, spoke enthusiastically about this partnership expansion and the potential it brings for continuing future success. “We look forward to our ongoing partnership with Women’s Health USA and with Nancy Bernstein, who continues as CEO of Women’s Health Connecticut. Our dual focus will be on maintaining our leadership position as an OBGYN specialty group and on broadening our strategies so that we can better meet patient demand for convenience and care coordination. This partnership allows us to maintain our focus on the best patient care as we move into our next stage of growth.”

Goran Dragolovic, CEO at Women’s Health USA, commented on the news: “Women’s Health Connecticut, and its impeccable reputation, has long been a vital partner to us. Our very strong, durable, and collaborative relationship allows us to integrate our respective strengths and competencies to further advance the interests of women’s health within a rapidly changing healthcare environment. We are energized by this partnership expansion, as we work together to preserve and expand the unique contribution and impact of independent providers of women’s care.

The addition of this new partnership expands Women’s Health USA’s visibility as a premier national women’s health services company – now active in 6 states and serving more than 750,000 patients annually.

About Women’s Health USA
Founded in 1997, WHUSA partners with OBGYN, reproductive endocrinology, and other specialty women’s health practices across the United States. It has a 20-year history of implementing creative growth strategies supporting streamlined operational costs, payer alignment, merger and acquisition plans, ancillary services development, marketing, and risk management services. Its unique partnership model enables physicians and physician groups to maintain their independence, while leveraging the resources of a national organization.  For more information see www.whusa.com.

Boston, Massachusetts – February 5, 2019 – Sverica Capital Management LP (“Sverica”) announced today that Resonetics has acquired Caribou Technologies (“Caribou”), based in Blaine, Minnesota, a leading supplier of centerless grinding, forming, coiling, machining and laser processing for the medical device industry. In addition to servicing the large number of medical device manufacturers in the Minneapolis market, Caribou has built a strong and growing customer base in high growth market segments around the world. Since being founded in 2005 by Dan and Wendy Honeck and Connie Magnuson, Caribou has grown consistently by developing novel engineered solutions and adding new capabilities to enhance the customer experience.

“Connie, Dan and Wendy have established a great reputation in the industry by building a talented team and providing innovative manufacturing processes,” said Tom Burns, President and CEO, Resonetics. “They’ve also invested in an impressive 50,000 square foot facility that highlights their commitment to their employees and customers and provides a great venue to serve our expanding business needs.” The acquisition broadens Resonetics’ capabilities in several important growth markets, most notably neurovascular, structural heart and other interventional specialties, adding new manufacturing capabilities to produce tightly toleranced metal components and sub-assemblies for leading edge devices.

“We are very proud of what we’ve created at Caribou Technologies,” expressed Dan Honeck. “We’ve remained true to our original promise of building a great company and redefining customer experiences and have been rewarded with a great group of employees and many loyal customers.” Added Connie Magnuson, “It’s been exciting to experience our growth over the past 14-years. We know there is much more that can be achieved, and we look forward to working with the Resonetics team to continue to build a special company on a larger scale.”

About Resonetics
Founded in 1987, Resonetics is a pioneer in laser micro manufacturing and provides contract manufacturing services to the life sciences industry. Resonetics designs, builds and integrates its own laser workstations to solve complex manufacturing challenges and has invested heavily in leading edge technology. Combining state-of-the-art laser systems with a large and innovative technical team allows Resonetics to partner with customers and provide winning solutions that meet all technical, quality and economic requirements. Learn more at www.resonetics.com. Resonetics was acquired by Sverica in October 2014 and recapitalized by Sverica in February 2018 with GTCR taking a majority stake and Sverica and Resonetics management retaining a minority stake in the company.