CHARLOTTE, N.C., March 11, 2015 /PRNewswire/ -- Cleveland Heart International (CHI) today announced it will commercialize CU Medical AEDs (Automatic External Defibrillators) in the US. In addition to entering the US AED market, CHI will leverage CU Medical’s manufacturing and engineering capacity to commercialize current CHI technology covering all stages of heart failure. “CU Medical is a natural fit for CHI. CU Medical’s technology and manufacturing capacity coupled with CHI’s portfolio of medical device properties and US distribution makes for a winning combination,” said Jim Hansberger Jr. President of CHI.
CHI will be commercializing and acquiring cardiovascular medical device technologies over the next 18 months to bring the most effective solutions for heart failure under the trusted brand of Cleveland Heart International.
CHI has engaged Westbury Group as its exclusive financial advisor to facilitate equity financing. Westbury Partner and Managing Director, Patrick Huddie stated, “We are excited at the prospect of working with CHI on this important healthcare project.”
Headquartered in Charlotte, NC, Cleveland Heart International (CHI) is a global diversified medical device company.
Headquartered in Seoul, South Korea CU Medical Systems, Inc. is a Leader of Medical Devices specialized in defibrillators involved in the research, development, manufacturing and customer service for all its products with the latest IT technology targeting domestic and overseas market.
About The Westbury Group
Westbury is a FINRA-registered investment banking broker-dealer dedicated to providing exceptional financial and strategic advisory services for entrepreneurial middle market clients. Headquartered in Westport, Connecticut, Westbury’s bankers serve clients across the country. Westbury’s finance professionals bring transactional and real-world operations experience to engagements in a broad range of industries, including technology/media/telecom, manufacturing, aerospace/defense, healthcare and, energy products and services. Drawing on this experience, teams assist clients with mergers, acquisitions, raising debt and equity capital and strategic counsel. The Company works on transactions ranging from $10 million to $200+ million. Dr. Huddie may be contacted at +1 (646) 461-7470.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cleveland-heart-international-and-cu-medical-roll-out-external-defibrillator-technology-in-the-us-300048759.html
SOURCE Cleveland Heart International
Help employers find you! Check out all the jobs and post your resume.
