TEAM Technologies

What TEAM Technologies does

Cordica Medical, formerly TEAM Technologies, is a privately held medical device contract design and manufacturing organization (CDMO) founded in 1988 and headquartered in Knoxville, Tennessee. The company operates 19 manufacturing facilities spanning the United States, Mexico, and Singapore, with 1M+ sq ft of purpose-built automation space and a workforce of 1,001–5,000 employees, including 100+ design and development engineers. It serves medical device original equipment manufacturers (OEMs) across the full therapeutic spectrum, including interventional cardiovascular, neurovascular, robotic-assisted surgery, drug delivery, advanced wound care, patient monitoring and wearables, and diagnostics.

The company's core technology centers on a parallel engineering-and-manufacturing model—exemplified by its Catalyst program—that integrates device engineers, designers, manufacturing specialists, and regulatory affairs into a single program from concept through FDA submission and commercial scale production. Capabilities span product design and development, catheter and shaft manufacturing, custom precision extrusion, medical molding (including micro-molding), medical converting, surface technologies, machining and laser technologies, medical textile processing, bristling and brush manufacturing, device assembly and kitting, packaging and sterilization support, supply chain and logistics, and automated production with in-line quality control. All applicable facilities operate under ISO 13485 certification and FDA registration. The company has pursued an active buy-and-build strategy, completing acquisitions of Baril Corporation (2020), Duke Empirical (catheter-based delivery systems), TAG3 Engineering (medtech design and manufacturing), and RapidWerks Micro-Molding, followed by a corporate rebrand from TEAM Technologies to Cordica Medical in January 2026.

Cordica Medical generates revenue through B2B contract design and manufacturing services under quote-based pricing customized to device complexity, volume, and service scope. Its go-to-market is direct enterprise field sales targeting medical device and pharmaceutical OEMs, with no intermediary channels; the company manages engagement from initial project design through long-term commercial production partnerships. The company is privately held with no public listing, and ownership structure beyond executive leadership has not been disclosed in available sources.

Name

TEAM Technologies

Legal name

Cordica, Inc.

Website

https://teamtech.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Cordica Medical (formerly TEAM Technologies) is a privately held medical device CDMO operating 19 facilities across the US, Mexico, and Singapore, providing integrated design, engineering, and manufacturing services to medical device OEMs from concept through FDA submission and commercial scale production.

Ownership category

akta.pro rank

Product category

Medical Device Contract Manufacturing

NAICS

Surgical and Medical Instrument Manufacturing (339112), Medical Equipment and Supplies Manufacturing (3391), Surgical Appliance and Supplies Manufacturing (339113)

SIC

Surgical & Medical Instruments & Apparatus (3841), Plastics Products, Nec (3089)

akta.pro primary industry

Medical & Life Sciences Injection Molding (Devices, Diagnostics, Cleanroom) (IMANAFAC)

akta.pro secondary industries

Medical Device Packaging (Trays, Clamshells, Kits) (IMALAIAD), Sterile & Aseptic Medical Packaging (Pouches, Wraps, Sterile Barriers) (IMALAIAB)

Keywords

• Medical device manufacturing
• Contract manufacturing services
• Medical device design
• Catheter manufacturing
• Medical molding services

Headquarters

HQ city

Morristown

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Contract Manufacturing Services: B2B contract design and manufacturing services for medical device OEMs, providing end-to-end solutions from product design through commercial scale production, validated in FDA-registered and ISO 13485-certified facilities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Cordica Medical (formerly TEAM Technologies) is a medical device contract design and manufacturing organization that provides end-to-end services from product concept through FDA submission and commercial scale production for medical device and pharmaceutical OEMs. Its core platform, "Catalyst by Cordica Medical," integrates device engineers, designers, manufacturing, and regulatory specialists into a single program, supported by 19 facilities across the United States, Mexico, and Singapore with FDA registration and ISO 13485 certification. The offering spans design and development, rapid prototyping, catheter and shaft manufacturing, precision extrusion, molding, converting, surface treatment, machining and laser processing, textile processing, assembly, packaging, sterilization support, and supply chain logistics.

Product overview

Cordica Medical (formerly TEAM Technologies) is a medical device design and manufacturing organization offering an integrated platform approach to medical device development and production. The company's core offering centers on Catalyst by Cordica Medical, which unifies device engineering, design, manufacturing, and regulatory specialists into a single program. The comprehensive service portfolio includes Product Design & Development, Rapid Development, and a full suite of manufacturing capabilities including Catheter & Shaft Manufacturing, Custom Precision Extrusion, Medical Molding, Medical Converting, Surface Technologies, Machining & Laser Technologies, Medical Textile & Flexible Material Processing, Bristling & Brush Manufacturing, Device Assembly & Kitting, Packaging & Sterilization Support, Supply Chain & Logistics, and Automated Production & Quality Systems. The company operates 19 facilities across the United States, Mexico, and Singapore, with ISO 13485 certification and FDA registration, serving the full therapeutic spectrum from interventional cardiovascular and neurovascular to drug delivery, wound care, diagnostics, and personal health solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Catalyst by Cordica Medical Integrated design and development program that unites device engineers, designers, manufacturing, and regulatory specialists into a single program, guiding devices from concept through clinical unmet need evaluation, integrated design and development, rapid prototyping, pilot manufacturing and validation, regulatory and submission, and scaled production, launch, and post-market support. Targeted at medical device OEMs developing regulated devices requiring 510(k) or PMA review.
• Product Design & Development
• Catheter & Shaft Manufacturing
• Custom Precision Extrusion
• Medical Molding
• Medical Converting
• Surface Technologies
• Machining & Laser Technologies
• Medical Textile & Flexible Material Processing
• Bristling & Brush Manufacturing
• Device Assembly & Kitting
• Packaging & Sterilization Support
• Supply Chain & Logistics
• Automated Production & Quality Systems
• Finished Good Manufacturing
• Rapid Development

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• RapidWerks Micro-MoldingcoreStrategic or Co-development Partner · 4 June 2026RapidWerks Micro-Molding was acquired by Cordica Medical to expand micro-molding capabilities, enhancing precision manufacturing offerings for complex medical devices requiring miniaturized components.
• Duke EmpiricalcoreStrategic or Co-development Partner · 6 January 2026Duke Empirical is a specialist in catheter-based delivery systems acquired by TEAM Technologies (now Cordica Medical). This acquisition positioned the company as a scaled, integrated partner for medical device and pharmaceutical OEMs, expanding capabilities in catheter manufacturing and delivery system design.
• TAG3 EngineeringcoreStrategic or Co-development Partner · 17 September 2025TAG3 Engineering is a full-service MedTech design and manufacturing firm based in Sunrise, Florida, acquired to enhance front-end innovation capabilities. The acquisition strengthened TEAM Technologies' ability to serve healthcare OEMs with comprehensive design, engineering, and regulatory support across multiple therapeutic areas.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Tegra Medical: Medical device contract manufacturer specializing in precision machining, injection molding, and assembly for interventional and surgical devices. Closely comparable in precision component manufacturing for medical OEMs.
• Nordson Medical: Division of Nordson focused on medical device components and assemblies, including precision extrusion and catheter manufacturing. Overlaps directly with Cordica's extrusion and catheter/shaft capabilities.
• Viant Medical: Major medical device contract manufacturer serving orthopedics, minimally invasive surgery, and other therapeutic areas with end-to-end design and production capabilities. Closely comparable as an integrated medical CDMO with broad capabilities.
• Cirtec Medical: Medical device CDMO with capabilities in neurostimulation, minimally invasive devices, and active implantables. Comparable as an integrated design-to-manufacturing partner serving complex regulated medical device markets.
• Confluent Medical Technologies: Specializes in medical device contract manufacturing including nitinol components, catheters, and finished device assembly. Highly comparable in catheter and interventional device manufacturing capabilities.
• Integer Holdings: One of the largest medical device outsource manufacturers, offering design, manufacturing, and assembly of medical devices and components across multiple therapeutic areas. Directly comparable in scale, OEM customer base, and integrated CDMO model.
• Phillips-Medisize (Molex): Medical device CDMO focused on drug delivery, diagnostics, and connected health devices. Comparable in serving OEMs with design, development, and manufacturing for complex regulated medical products.

Broad incumbents

• Jabil: Global manufacturing solutions provider with a healthcare segment producing medical devices, diagnostics, and pharmaceutical delivery systems. Comparable as a large-scale CDMO but operating across multiple industries.
• Flex (Flextronics): Large global EMS provider with a significant medical device manufacturing segment serving diagnostics, imaging, and consumer health OEMs. Comparable as a scaled manufacturing partner but with a much broader portfolio beyond medical.
• Sanmina: Global EMS company with medical device manufacturing capabilities serving diagnostics, imaging, and therapeutic OEMs. Comparable end-to-end manufacturing services but with much broader end-market exposure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cordica-medical

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TEAM Technologies