June 2, 2006
RF Micro Devices, Inc. (d/b/a Precision Medical Engineering) provider of high quality radio frequency generators Pain Relief Centers and Clinics announced the recapitalization of the company by RDG Medical Holdings, Inc. The transaction was part of a strategic plan to enter the market by acquiring multiple synergistic companies. The funding that will be provided by the Cortec Group, a New York City based private investment firm, will enable the company to bring new technologies to the pain market that will result in substantial relief to people suffering from chronic back pain.
About Cortec Group
Cortec Group is a New York based private equity investment firm that targets middle-market manufacturing distribution and service companies with proprietary products or services and revenues in the range of $40 – $300 million.
About RF Medical Devices
Headquartered in Boston, MA, RF Medical is one of the world’s largest distributors of radio frequency generators used for the primary purpose of providing relief to people suffering from chronic back pain. The Company markets its products through both independent sales representatives and distribution companies throughout the United States.