Sun Valley-based medical device manufacturer and distributor XTend Medical Corporation is planning to change its name to MultiCorp International Inc. as soon as it receives approval from regulatory agencies, company officials said today.

CEO Paul D. Lisenby said the name change is based on the firm’s plans to diversify and acquire companies outside medical devices.

“The company will continue to be deeply involved in the medical field,” Lisenby said. “However, other opportunities have presented themselves that will further build our core value of growth and bring value to the company.”

The company filed for bankruptcy protection last year, and since been working to reorganize and restructure.

“Our company is moving forward and will continue to capitalize on opportunities presented that make sound sense,” Lisenby said.

Angela Melero