Devicor Medical Products LLC is seeking entry into the medical device marketplace through acquisition of established industry businesses.

The company was created in partnership with private equity firm GTCR Golder Rauner LLC, which initially committed $250 million of equity capital.

Devicor is currently looking to acquire established interventional medical device businesses that manufacture and sell products to clinicians in settings such as hospitals, surgery centers, or ambulatory clinics.

The company plans to grow itself through a combination of capital investment, ongoing research and development investment, organic growth, and acquisitions. Initial acquisitions are expected to provide infrastructure and personnel in key areas such as manufacturing, R&D, engineering, sales and marketing, finance, and human resources.