This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Sarnova Acquires Progressive Medical International.





DUBLIN, Ohio, April 1, 2013 /PRNewswire/ -- Sarnova, Inc., the nation's leading specialty distributor of health care products in the emergency medical services (EMS) and acute care markets, announced today that it has acquired Progressive Medical International, Inc. ("PMI").  Headquartered in Vista, Calif., PMI distributes new and refurbished EMS equipment and supplies.  It is the sixth acquisition Sarnova has completed since Water Street Healthcare Partners, a strategic private equity firm focused exclusively on health care, invested in the company in 2008. 

With PMI, Sarnova expands its portfolio of EMS supplies and advances its position in the refurbished medical equipment market.  The company added refurbishment and recertification of medical equipment to its menu of services earlier this year when it acquired DXE Medical, Inc. ("DXE").  Sarnova will integrate PMI's capabilities into its DXE business to support customers with repairing and upgrading their medical equipment to factory-certification levels.  It will distribute PMI's medical supplies through its Bound Tree Medical business, which serves emergency caregivers. 

"PMI is another step in our continual process of expanding our portfolio to offer our customers a greater array of clinically differentiated medical products, expertise and services.  It is highly complementary to our businesses, and furthers our ability to support customers with maximizing the life of their medical equipment," said Dan Connors, chairman and CEO, Sarnova.  "Our focus continues to be identifying new ways to grow our products and services to provide greater value to our customers who are on the front lines of saving patients' lives."

Sarnova has grown to become a leading specialty health care distributor through a combination of organic initiatives and strategic acquisitions.  Since partnering with Water Street four years ago, it has expanded its products and services to serve thousands of emergency medical services providers, hospitals and acute care centers across the country. 

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs