Roseville, MN, June 15, 2020 – Catheter and Medical Design, Inc. (“CMD”) announced today it has completed
majority investment by Inverness Graham Investments, Inc. (“Inverness”), a suburban Philadelphia-based
private investment firm. CMD develops and manufactures complex catheters and catheter shafts for a broad
range of interventional and endosurgical applications. CMD provides exceptional service to global medical
device manufacturers with an emphasis on rapid turnaround of prototype-to-production and complex designs
requiring niche medical expertise.
The founders of CMD were attracted to Inverness’ operating resources and expertise in the medical device
component manufacturing space, past successes with growing similar businesses, and their vision to create a
sophisticated, industry-leading catheter and sub-assembly platform. In conjunction with the transaction,
Inverness has named current President and industry veteran, Lucian Bejinariu, as the platform’s CEO.
“I am very excited about partnering with Inverness Graham to continue the tremendous growth CMD has
experienced and to leverage the additional financial and operating resources Inverness has to offer,” stated
Lucian Bejinariu, the President and CEO of CMD. “We look forward to the continued expansion of our platform
and the ability to offer more complex solutions and capabilities to our customers.”
“The decision to proceed with this venture is positive,” said Choua Yang, senior executive and owner of CMD.
“We believe Inverness Graham is a strong fit for CMD, as we have confidence they will bring additional value
to our employees, customers, and vendors. CMD will continue to offer quality service to fit our customers’
Aliya Khaydarova, Managing Principal of Inverness Graham, stated “we are excited to invest in another
medical device outsourced manufacturing business and believe CMD is an attractive platform, offering a
compelling value proposition to a global, blue-chip customer base. As medical device companies continue to
outsource their complex design and manufacturing needs, we expect CMD to become an increasingly
important strategic partner. We look forward to leveraging our industry expertise and robust network to build
upon CMD’s impressive performance and will look to drive growth both organically and through strategic
acquisitions, while also looking to enhance their in-house capabilities and expand geographic reach.”
About Inverness Graham Investments
Headquartered in Newtown Square, PA, Inverness Graham is an operationally focused private investment firm
that has raised ~$1 Billion of assets. Inverness Graham acquires innovative tech-enabled manufacturing,
service and software companies. Our approach is as unique as our heritage. Founded by senior executives of
the Graham Group, a family owned multi-national industrial concern, we bring unparalleled resources
developed over a 50-year operating history to support our portfolio companies. Inverness Graham partners
with businesses to provide the financial and operational support necessary to accelerate growth while
enabling owners to achieve their key liquidity objectives.