California MedTech has been sold to BIT Companies

Lincoln International, a leading global mid-market investment bank, has announced that California MedTech (“Cal MedTech” or the “Company”) has been sold to BIT Companies (“BIT”). Lincoln International acted as the exclusive financial advisor to Cal MedTech, working closely with the company’s management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.

Founded in 1998 and based in San Diego, California, Cal MedTech is a leading contract service provider of design, development and manufacturing for complex life science products.

Cal MedTech joins BIT, a global provider of instrumentation and system development, contract manufacturing, and after‐sale service for in‐vitro diagnostic and medical OEM clients. The Company will be combined with BIT’s Source Scientific unit in Irvine, California to form BIT MedTech. Brian Kelleher, founder of Cal MedTech, will remain with BIT and serve as CEO of the newly established BIT MedTech operation.

“The Lincoln team was extremely professional and conducted the process quickly and efficiently. I could not be more pleased with the outcome,” notes Brian Kelleher, founder and CEO of Cal MedTech. The sale of Cal MedTech builds on Lincoln International’s healthcare and electronics sector expertise, particularly within the medical contract manufacturing segment.

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