The complex catheter CDMO welcomes Rich
Rivard to formalize commercial growth strategy with a focus
on customer journey
NEW
HOPE, Minn., July 11,
2024 /PRNewswire/ -- VitalPath, specializing in the
design and manufacturing of custom, highly complex catheter
solutions for medical device OEMs, announced the addition of
Rich Rivard to the Executive
Leadership Team as Chief Commercial Officer.
With over 25 years of progressive sales, commercial excellence,
and strategic leadership experience at industry leading
organizations spanning $250M -
$3B in annual revenue, Rich brings a
wealth of knowledge to the VitalPath team. His track record
includes remarkable success building scalable commercial
organizations, team development, revenue and pipeline growth, and
successful M&A activities within the MedTech CDMO space.
"I am thrilled to be a part of an organization that is
strategically situated in the heart of Minnesota's Medical Alley, an epicenter of
global MedTech innovation," says Rich
Rivard, Chief Commercial Officer. "As I tour our
manufacturing sites across the Minneapolis area, I am continually amazed by
our in-house capabilities and the operation team's dedication to
delivering for our customers on time, with the highest level of
quality. Furthermore, it has been genuinely inspiring to witness
the VitalPath R&D Engineering team's talent and expertise as
they collaborate in-person with industry-leading customers.
"As we refine our commercial strategy and enhance our customer
journey to support our growth, I am confident in our ability to
fulfill our mission. We are committed to delivering exceptional,
high-quality, complex catheter solutions in partnership with our
customers to help dramatically improve quality of life for patients
around the world."
Before joining VitalPath, Rich held executive roles at Vantedge
Medical, Heraeus Medevio, and Donaldson Company, Inc. His
comprehensive commercial and marketing strategies drove significant
account and revenue growth at these public, private, and sponsor
owned organizations. Rich's career has spanned sales, marketing,
commercial operations, portfolio management, and customer
success.
"Rich's background as a business integration and transformation
expert aligns perfectly with our vision. As we embark on this
exciting chapter, Rich's expertise will be instrumental in shaping
our future. His arrival underscores VitalPath's commitment to
deliver for our OEM customers as well as the end users and patients
who benefit from our products," says Andrew
Holman, Chief Executive Officer.
About VitalPath
VitalPath, an Inverness Graham
portfolio company, has more than 350 employees at four Minneapolis area locations. Featuring ISO 7
& 8 cleanrooms, the company is ISO 13485:2016 certified with an
FDA registered site. The VitalPath team specializes in meeting
customers' most challenging complex catheter requirements, such as
single or multidirectional deflection, pushability, kink resistance
and torque response. Serving customers in the electrophysiology,
structural heart, neurovascular, peripheral vascular, left
ventricular assist, intracoronary, intravascular lithotripsy and
renal denervation markets, VitalPath is the culmination of three
distinct catheter manufacturing companies formerly known as
VitalDyne Medical, Catheter & Medical Design, and Modern
Catheter Technologies.
In addition to speeding customers' time to market through design
and development, the catheter manufacturer is also uniquely
positioned to consolidate supply chains with vertically integrated
capabilities to bring complete complex catheters to market for
vital customers. Their comprehensive suite of capabilities support
complex component manufacturing with laser cutting, welding,
ablation, forming and bending, catheter development and assembly
with extrusion, braiding, and coiling as well as finishing and
value add with tipping, flaring, swaging, laser drilling, skiving,
machining, and marking.
For more information, visit https://vitalpath.com/ and follow
VitalPath on LinkedIn
About Inverness Graham
Inverness Graham is a
Philadelphia-based buyout firm
that acquires innovative companies where technology is transforming
traditional industry. The firm's Flagship strategy focuses on
high-growth businesses leveraging technology in Healthcare,
Software and Advanced Manufacturing. The firm's Green Light
strategy targets technology-enabled businesses where Environmental
Sustainability is a key driver of accelerating growth. Inverness Graham executes a differentiated,
repeatable model for value creation through its proprietary
"Strategic Platform Build" approach. Founded by senior executives
of the Graham Group, the firm builds upon a 60-year legacy of
operational excellence, bringing substantial value creation
resources and an innovative mindset to support its portfolio
company partners.
For more information, visit invernessgraham.com
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SOURCE VitalPath