New York, NY – Altaris, LLC announced today the creation of Forj Medical through the combination of Intricon Corporation and Minnetronix Medical, Inc.
The combination of Intricon and Minnetronix has created a vertically integrated contract development and manufacturing organization (CDMO) serving the medical technology industry. Headquartered in Arden Hills, Minnesota, Forj Medical operates across six facilities in the United States, Indonesia, Singapore, and Costa Rica.
Mauricio Arellano, a seasoned executive with more than 30 years of experience in the medical device supply chain has been appointed Executive Chair of Forj Medical, and Jeremy Maniak, formerly CEO of Minnetronix, will assume the role of CEO of the combined business.
Forj Medical offers end-to-end capabilities—from concept through commercial scale—in system design, microelectronics, precision molding, and advanced manufacturing. For more information, please visit www.forjmedical.com.
About Altaris
Altaris is an investment firm with an exclusive focus on acquiring and building companies in the healthcare industry. Since its inception in 2003, Altaris has invested in more than 50 companies across a range of healthcare subsectors, with a consistent goal of delivering value to the healthcare system and generating attractive financial returns for investors. Altaris is headquartered in New York City and manages $9+ billion of equity capital. For more information, please visit www.altariscap.com.