ITC, headquartered in Piscataway, New Jersey, is a leading manufacturer of point-of-care diagnostic products. The Company is primarily focused on the manufacture and sale of testing equipment and associated disposables used to measure blood coagulation and related chemistries in hospitals, physician offices, and in patient homes. The Company’s lead product, the Hemochron Reader, provides near-patient monitoring of a patient’s blood clotting factors and is used by physicians during critical cardiovascular procedures.
In 2010, Warburg Pincus acquired ITC from Thoratec. ITC will serve as a platform for a broader roll-up strategy targeting the $4.4 billion point-of-care diagnostics industry.
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