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In acquiring Ridgeback Technologies, Quasar adds balloon catheters to its product offerings.
September 25, 2024
By: Rachel Klemovitch
Assistant Editor
Quasar Medical, a global leader in manufacturing complex minimally invasive medical devices, has acquired Ridgeback Technologies, a designer, developer, and manufacturer of catheter balloons. By acquiring Ridgeback Technologies, Quasar is enhancing its ability to deliver customized balloon catheter solutions, accelerating time to market, scale-up efficiency, and cost-effectiveness. Quasar Medical has become the go-to partner for end-to-end manufacturing solutions for minimally invasive devices. Known for its expertise in rapidly designing and producing a wide range of specialized balloons and assembling full balloon catheters, Ridgeback Technologies enhances Quasar Medical’s full-service device solutions, reinforcing our commitment to excellence, speed, and high-quality medical device manufacturing. Alex Wallstein, CEO of Quasar Medical, stated: “The acquisition of the Ridgeback team is a significant milestone in our strategic growth plan. Ridgeback’s innovative balloon technology fills a critical gap in Quasar’s capabilities plus expands our footprint to Galway, Ireland, with its vibrant med-tech community. We welcome the Ridgeback team to our Quasar Family.” The acquisition adds on-site capabilities, including complete balloon design, development, prototyping, and assembly, as well as mold design and mold manufacturing with CNC machining, extrusion, and injection molding capabilities. “Joining Quasar Medical marks an exciting new chapter for the Ridgeback team. We have recently moved to a new 4,500 ft2 site to support further growth, and I am excited to leverage Quasar’s mass production set-up, adding scale-up to our front-end design and development expertise,” states Ray Blowick, CEO of Ridgeback Technologies. Quasar will be able to deliver high-quality catheter prototypes with unmatched turn-around times, allowing customers to move swiftly from concept to clinical application within very short timeframes. The company is also planning to expand its cleanroom and controlled environments with ISO13485:2016. “The acquisition of Ridgeback Technologies further expands our NPD team, supporting customers in the design phase of medical devices. This is based on common QMS procedures between our NPD teams in Israel, Minnesota, and now Galway,” says Yosi Hazan, EVP Technology/NPD of Quasar Medical. Located in Galway, Ridgeback is renowned for its rapid turn-around and innovative balloon design capabilities. Their specialized balloon offerings include bladed, perfusion, and multi-lumen balloons, serving a variety of medical procedures such as Structural Heart, Cardiovascular, Neurovascular, and Peripheral interventions.
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