Inverness Graham-backed VitalPath Acquires Modern Catheter Technologies

Precision Catheter Manufacturing Platform Expands to Specialized Adjacent Markets

Wayne, PA, January 6, 2022 – Inverness Graham Investments (“Inverness”), a private investment firm that targets innovative tech-enabled manufacturing, service and software companies, announced today that its industry-leading precision catheter and sub-assembly platform, VitalPath, has acquired Modern Catheter Technologies, Inc. (“ModernCath”). Based in Maplewood, MN, ModernCath provides complex catheter-based delivery systems for a range of endosurgical and interventional applications, with a primary focus on the neurovascular and electrophysiology markets. ModernCath represents VitalPath’s second add-on acquisition, following the acquisition of VitalDyne in March 2021.

“ModernCath is a strategic addition to expand and scale the VitalPath platform,” stated Aliya Khaydarova, Managing Principal of Inverness. “Their strong expertise in microcatheters focused specifically on neurovascular and electrophysiology applications is highly complementary to VitalPath’s expertise in the broader structural heart and peripheral vascular markets.”

“It is very important for us to partner with someone who not only understands our vision, but shares our willingness to take on complex catheter projects for the most demanding applications,” said ModernCath President Doua Vang. “Joining VitalPath allows us to leverage our complementary technologies to offer our customers a more complete catheter manufacturing solution.”

“We are very excited to welcome ModernCath into the VitalPath family,” said VitalPath CEO Randall Sword. “Their exceptional extrusion capabilities will be a valuable addition to our strength in laser processing technologies and finished device manufacturing.”

Inverness and VitalPath continue to pursue strategic acquisitions to expand the platforms expertise and capabilities in the precision microcatheter market.

Paul Hastings LLP advised Inverness Graham. Modern Catheter Technologies, Inc. was advised by Hennepin Partners. Terms of the acquisition were not disclosed.


Headquartered in Newtown Square, PA, Inverness Graham is an operationally focused private investment firm that has raised over $1 Billion of capital since inception. 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.


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