Inari Medical

Inari Medical announced plans to invest at least $15 million in a new manufacturing facility in Grecia, Costa Rica. The 70,000-square-foot facility is expected to open in 2025 and initially hire 300 employees, with potential to expand to 600.

Inari Medical will invest US$15 million to build a high-volume manufacturing facility at Evolution Free Zone in Tacares de Grecia, Costa Rica. The first phase is expected to employ more than 300 people, with plans to double to over 600 in a later expansion.

Inari Medical has agreed to acquire LimFlow, a maker of a limb-saving device for chronic limb-threatening ischemia, for $250 million in cash upfront plus up to $165 million in milestone payments. The transaction is expected to close in Q4 2023.