Headquartered in Minneapolis, with offices in London and Shanghai, Worrell provides research & strategy, digital design, product engineering and human factors consulting services to 24 of the largest 40 medical device, life sciences and biotech companies.
TH Global Capital acted as the sell side adviser to Worrell, and this is our third successful healthcare design and product engineering transaction in the last 3 years. Founded in 2021 with the acquisitions of five platform companies, Veranex is the first company exclusively focused on providing concept-to-commercialization services for medical technology companies. Together, Veranex and Worrell provide best-in-class design and engineering, market access, data management, medical device evaluation, as well as clinical, quality and regulatory expertise, to help healthcare companies develop products that bring value to patients and providers worldwide. The combined client roster includes some of the largest global medical device and life sciences companies such as Novartis, Roche, Boston Scientific and Medtronic. Worrell’s product engineering services will enable Veranex to better engage with clients during the initial phases of a product development lifecycle.
Vivek Subramanyam, CEO of TH Global Capital said “As companies across the healthcare continuum embrace a culture of innovation to improve patient outcomes, the need for specialized digital and product engineering capabilities will continue to drive M&A appetite in the market, both from strategic and financial investors. TH Global Capital’ focus on digital transformation, design, innovation and product engineering is a differentiator for digital and human-centered design companies looking for growth opportunities.”
About Veranex
Veranex is the only truly comprehensive, global, tech-enabled service provider dedicated to the medical technology industry. Offering expert guidance from concept through to commercialization and across the development continuum, Veranex enables accelerated speed to market, controlled development costs, development risk mitigation, and accelerated market viability assessment. At every stage, Veranex customers realize efficiencies in cost and time, while its integrated and comprehensive solutions unify the entire development process. For more information, visit VeranexSolutions.com.
About Worrell
Worrell is a product design, development and strategy firm that works with 24 of the 40 largest medical device, life sciences and biopharma companies to improve lives globally through design. Worrell has expertise in product design, engineering, digital experience, human factors and FDA compliance.