Business
Nuwellis Contracts with KDI Precision Manufacturing to Strengthen Production and Improve Operational Efficiency
Strategic agreement is expected to reduce costs, preserve expertise, and streamline operations. WHOWHATWHEREWHENWHYNuwellis, Inc. (Nasdaq: NUWE) and KDI
About this update from Nuwellis, Inc.
[{"type":"text","content":"Strategic agreement is expected to reduce costs, preserve expertise, and streamline operations. WHOWHATWHEREWHENWHYNuwellis, Inc. (Nasdaq: NUWE) and KDI Precision ManufacturingOutsourcing manufacturing and assembly of key Aquadex product components.Manufacturing operations will transition to KDI’s facility.May 9, 2025To strengthen operational efficiency, preserve product expertise, and reduce costs. MINNEAPOLIS, May 12, 2025 (GLOBE NEWSWIRE) -- Nuwellis, Inc. (Nasdaq: NUWE), a medical technology company dedicated to transforming fluid management care, today announced it has finalized an agreement with KDI Precision Manufacturing to support the next phase of Nuwellis’ growth. This strategic relationship is expected to expand Nuwellis' manufacturing capabilities, streamline operations, and enhance the company's ability to deliver high-quality products to healthcare providers and patients. Under the agreement, KDI will assume assembly responsibilities for the Aquadex SmartFlow® Console, AquaFlexFlow® Blood Circuits, and dELC® Catheters. KDI, founded in 1982 and ISO 13485 certified and FDA registered, brings decades of medical manufacturing experience, with over 80% of its business focused on healthcare products. KDI is located in Rogers, MN and serves a variety of customers from Fortune 500 to start-up companies. To ensure a seamless transition and protect product expertise, current Nuwellis assembly employees will be hired by KDI. Sales, customer service, product design, and post-market surveillance will continue to reside within Nuwellis. “Our outsourcing agreement with KDI Precision Manufacturing marks an important milestone in our ongoing effort to operate more efficiently and responsibly,” said John Erb, Interim CEO of Nuwellis. “KDI’s expertise, operational rigor, and deep familiarity with the Aquadex system made them the clear choice to help us maintain our commitment to quality while reducing costs.” “We are proud to collaborate with the Nuwellis team and are committed to supporting their growth,” said Vitaliy Epshteyn, CEO of KDI Precision Manufacturing. Epshteyn, current KDI CEO, is the former Nuwellis SVP of Operations, Engineering, and QA/RA, where he served for 6 years. “Our team’s specialized understanding of the Aquadex console and consumable circuits positions us to deliver manufacturing excellence and uphold the tr...