Case Study: Medical Device Manufacturer

March 12, 2020

Seraph was engaged by a private equity owned Tier 1 medical device manufacturer in the final stages of preparation for a sale. The client asked Seraph to evaluate the Manufacturing Footprint and develop optimization possibilities, with an initial hypothesis that two plants could be closed. It was clear that the manufacturing footprint was suboptimal, asset utilization was low, and ongoing infrastructure costs were high.

Seraph was asked to examine the operational footprint, understand and quantify asset utilization across the network, and to make recommendations on improvements. We were also asked to help evaluate establishment of a low-cost country strategy for a future manufacturing footprint. We agreed with the client that two plants would need to be removed from the manufacturing network, and these plants were targeted for a deep dive based on clear data.

 

Value was quickly realized within the same fiscal year that the project was kicked off.

 

About Seraph:

Seraph’s team of operational managers and senior consultants intercede on our client’s’ behalf to fix a crisis that is putting the business at immediate risk, turnaround a situation that is damaging the bottom line or restructuring to improve the balance sheet. Seraph has successfully delivered projects in the following regions: The Americas, Europe, China, and India. Seraph’s Industry Expertise Includes Aerospace, Automotive, Energy Infrastructure, Healthcare, and Medical Devices. Through our other operating companies, we are continually looking for distressed situations where we can put our expertise and capital to work to create value.

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