Forj Medical's Jung steers global expansion after merger

What's the deal? Nicole Jung, chief financial officer of Forj MedicalDealroom has a profile for this one. Try Dealroom →, has been named CFO of the Year by the Minneapolis/St. Paul Business Journal after orchestrating the merger of Minnetronix Medical and IntriconDealroom has a profile for this one. Try Dealroom →. She is now guiding the combined company's manufacturing expansion into Costa Rica.

What each side does: Forj Medical is a contract manufacturer for the medical-device industry, formed by combining Minnetronix Medical and Intricon. The merger brought together complementary engineering and manufacturing capabilities under one company.

What's the endgame? Forj's clearest step since the combination is a new 53,000-square-foot facility in Costa Rica, adding nearshore capacity and cleanroom assembly for areas including diabetes, electrophysiology, and surgical navigation. The site opened with more than 50 employees, with further hiring planned.

Why now? The expansion follows a broader push among medical-device contract manufacturers to build scale and combine capabilities. Recent 2026 deals include TecometDealroom has a profile for this one. Try Dealroom →'s acquisition of Orchid Orthopedic SolutionsDealroom has a profile for this one. Try Dealroom →.

What could go wrong? The merger's value depends on integrating the two businesses and converting their combined capabilities into customer growth. Jung, a former Cantel MedicalDealroom has a profile for this one. Try Dealroom → executive, now carries that burden as the company scales abroad.

The signal: As contract manufacturers consolidate, scale and nearshore capacity are becoming competitive essentials. Forj's Costa Rica bet shows how post-merger integration is being measured less by deal terms than by whether combined operations can win new business.

Read more: bizjournals.com

Image credit: Generated with Gemini