News

Stratus Medical completes private placement financing and acquisition of the NimbusRF business for expansion in the interventional pain medicine space

SALT LAKE CITY, Jan. 15, 2020 /PRNewswire/ — Stratus™ Medical is a new company created to focus on advancing radiofrequency (RF) ablation treatment for chronic pain.  Today, Stratus Medical announced that it completed a private placement to acquire the assets of NimbusRF from Biomerics and provide growth capital funding to support the continued global expansion of the Nimbus® RF Multitined Expandable Electrode for chronic pain. The investment was led by Med Venture Holdings.

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R&D Engineering acquires Knight Machining Inc.

Brooklyn Park, MN (February 7, 2018) –  R&D Engineering (R&D), a leading provider of catheter manufacturing equipment, machined components, tooling, and automation services is pleased to announce the acquisition of Knight Machining Inc (Knight).  The acquisition expands R&D’s manufacturing capabilities and capacity to accelerate the growth of the company.

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R&D Engineering Announces a New Facility and Logo

Brooklyn Park, MN (July 12, 2017) –  R&D Engineering and Machining, a leading provider of catheter manufacturing equipment and tooling, is pleased to announce it has moved into a new facility located in Brooklyn Park, MN.  R&D Engineering and Machining has acquired space located in the NorthPark business park located at 10351 Xylon Ave. N., Brooklyn Park, MN. The new facility provides 20,000 square feet to house business, engineering, and manufacturing operations.  The new space expands its catheter equipment operations while also providing space for new technology and machinery to sustain the accelerated growth of the company.

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