Alvimedica is a manufacturer of coronary stents, balloon catheters, diagnostic and guiding catheters. The company was founded in 2007 by Turkish businessmen and scientists living in Denmark and Sweden. The major intention of the company is investing in small and medium size medical device manufacturers to enable them to compete globally. The company made its first investment move by purchasing a medical device company called Nemed in Turkey in 2007. Following this, the company purchased an American company called In-Vivo, a manufacturer of angioplasty and angiography catheters, and one of the suppliers of Abbott Laboratories.
Team Alvimedica will compete in the 2014-15 Volvo Ocean Race. The team is led by two former Alvimedica employees. The team will cover 40,000 nautical miles crossing four oceans and five continents during the 9-month race, and call at 10 ports: Spain (Alicante), South Africa (Cape Town), United Arab Emirates (Abu Dhabi), China (Sanya), New Zealand (Auckland), Brazil (Itajai), America (Newport), Portugal (Lisbon), France (Lorient) and Sweden (Goteborg).