iGan Partners is pleased to announce that it has successfully exited from its investment in Rhythm Xience. Acutus Medical of California, USA was the acquirer. Although the value of the transaction was not disclosed, it was a very successful investment for iGan Partners, who acted as the lead last round of financing.
Founded in 2014 and headquartered in Minnesota by Jim Hassett, Rhythm Xience is a rapidly growing medical device company specializing in catheter-based rhythm management solutions. As a developer and innovator, their solutions are clinically based and procedurally focused towards recognizing and resolving the challenges facing Electrophysiologists and healthcare facilities.
“We were very excited to take the lead in financing Rhythm Xience to enable it to get regulatory approval and launch its new innovative products. Although we were not expecting an exit in less than a year, we were pleasantly surprised. I will miss serving on the board with the other Directors from the US, Japan and Canada.” Said, Sam Ifergan, Founder and Managing Partner at iGan Partners.