Wasatch Equity-backed Biomerics completed the merger with the medical business of ONCAP-backed Precision Concepts.

Wasatch Equity-backed Biomerics, a vertically integrated contract manufacturer for the interventional medical device market, completed the merger with the medical business of ONCAP-backed Precision Concepts, a manufacturer of finished medical devices and specialty rigid packaging solutions. Financial terms were not disclosed. "Precision Concepts Medical is a recognized leader that offers unique capabilities in micro-metals machining and stamping, injection micro-molding, and micro-assembly processes. The addition of these capabilities and manufacturing footprint extends Biomerics' offerings as a leading supplier to the world's largest medical device OEMs. We are excited to partner with the talented team at Precision Concepts Medical to deliver our shared vision," Travis Sessions, Biomerics CEO.