TEAM Technologies, Incorporated

Background

Founded in 1988 and headquartered in Morristown, Tennessee, TEAM Technologies, Incorporated is a leading end-to-end manufacturing solutions provider specializing in medical and dental products. The company's mission is to "help those who help others" by delivering comprehensive manufacturing services that encompass every stage of product development, from conceptualization to completion. Operating under ISO 13485 and FDA-regulated guidelines, TEAM Technologies ensures that its products meet the highest industry standards.

Key Strategic Focus

TEAM Technologies focuses on providing comprehensive manufacturing solutions across various healthcare sectors, including:

Diagnostic In Vitro (IVD) Testing: Developing innovative diagnostic tests to enhance patient outcomes.

Patient Monitoring: Creating wearable sensors for continuous patient monitoring.

Wound Care: Producing advanced wound care products utilizing the latest technologies.

Infection Control Products: Offering adaptable infection control solutions for clinical and industrial settings.

Pharmaceutical Delivery Devices: Manufacturing precise pharmaceutical delivery systems to improve patient experiences.

Oral Healthcare: Supporting the development and manufacturing of oral healthcare devices.

Compression Devices: Partnering to develop cutting-edge solutions that protect and save lives.

Patient Handling: Creating quality products that ensure the safety of both patients and caregivers.

The company leverages a diverse range of technologies, including product design and development, molding, converting, wet and dry chemistry, bristling, assembly and packaging, value-added customization, and supply chain logistics.

Financials and Funding

As of November 2024, TEAM Technologies reported annual revenues in the range of $100 million to $500 million. The company has undergone multiple financing rounds, including debt financing, and has made several strategic acquisitions to expand its capabilities and market reach.

Pipeline Development

TEAM Technologies is actively involved in the development and manufacturing of various healthcare products. Notably, the company collaborated with Maxim Biomedical to develop point-of-care rapid antigen tests for COVID-19, demonstrating its commitment to addressing urgent healthcare needs.

Technological Platform and Innovation

The company's technological platforms encompass a wide array of proprietary technologies and scientific methodologies, including:

Product Design & Development: Offering comprehensive design services to bring concepts to market.

Molding: Utilizing advanced molding techniques for precision manufacturing.

Converting: Implementing converting processes for material transformation.

Wet & Dry Chemistry: Applying chemical processes for product development.

Bristling: Specializing in bristling techniques for oral care products.

Assembly & Packaging: Providing assembly and packaging solutions to meet diverse client needs.

Value-Added Customization: Offering tailored solutions to enhance product functionality.

Supply Chain & Logistics: Managing supply chain operations to ensure timely delivery.

These capabilities enable TEAM Technologies to deliver high-quality, customized solutions across various healthcare sectors.

Leadership Team

Marshall White: President and Chief Executive Officer

Ken Kovacs: Chief Financial Officer

Daniel Baril: Chief Strategy Officer

Steve Lents: Chief Revenue Officer

Rich Wagner: Co-Founder and Co-Owner

These leaders bring extensive experience in healthcare manufacturing and strategic growth, guiding the company in its mission to support healthcare providers.

Leadership Changes

In November 2024, Arlington Capital Partners acquired TEAM Technologies, marking a significant change in the company's ownership structure.

Competitor Profile

Market Insights and Dynamics

The medical equipment manufacturing industry is characterized by rapid technological advancements and a growing demand for innovative healthcare solutions. Companies in this sector must continuously adapt to evolving market needs and regulatory requirements.

Competitor Analysis

TEAM Technologies faces competition from several companies, including:

Richmond Dental and Medical: Specializes in dental and medical supplies.

Narang Medical: Offers a wide range of medical equipment and supplies.

American Dental Supply: Provides dental materials and equipment.

These competitors focus on various aspects of medical and dental product manufacturing, contributing to a dynamic and competitive market landscape.

Strategic Collaborations and Partnerships

TEAM Technologies has engaged in strategic collaborations to enhance its product offerings and market reach. For instance, the company partnered with Solventum Corporation to develop medical device materials, demonstrating its commitment to innovation and industry partnerships.

Operational Insights

By integrating a diverse range of manufacturing capabilities, TEAM Technologies positions itself as a comprehensive solutions provider in the healthcare industry. This integrated approach allows the company to offer end-to-end services, from product design to final production, distinguishing it from competitors who may specialize in specific manufacturing processes.

Strategic Opportunities and Future Directions

Looking ahead, TEAM Technologies aims to expand its market presence by leveraging its comprehensive manufacturing capabilities and strategic partnerships. The company's focus on innovation and quality positions it well to meet the evolving needs of the healthcare industry and to capitalize on emerging opportunities in medical device manufacturing.