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Medin Recapitalizes, Raises New Capital with Financial Partner

The assets of Medin Corporation were acquired in December 2016 by Seven Point Equity Partners in a recapitalization transaction. The company is now named Medin Technologies, and will continue to market sterilization cases and trays for the orthopaedic industry.

Mr. Jay Schainholz, former CEO, now serves as company Chairman. Mr. Andy Novotny has been named as Medin's new CEO. Seven Point completed the recapitalization through an all-equity structure with no outside lenders, and Kinsella Group served as Medin's financial advisor.

Medin is FDA and ISO 13485 Registered and works with aluminum and stainless steel, as well as thermoformed and machined plastics. Medin's offerings include:

  • Enhanced and extensive engineering resources, manufacturing capabilities and contract manufacturing services
  • Integrated and value-added supply chain management solutions
  • Complex, customized product development and regulatory support capabilities
  • Cost reduction strategies through unified product design for manufacturing

Medin is a long-time OMTEC exhibitor, and will be found at Booth #607 at this year's event in June.

Source: Medin Technologies, Inc.