Sarnova Acquires Progressive Medical International.
"When we invested in Sarnova, we saw an opportunity build on its extensive clinical expertise and products. Together with management, we have executed a strategic growth plan that has broadened the company's products and supplies," said Chris Sweeney, partner, Water Street. "With PMI and DXE, Sarnova has extended its position as one of the industry's only distributors that can offer health care providers a comprehensive offering of products supported by refurbishment and repair services."
PMI was a privately negotiated transaction. Financial terms are not being disclosed.
About Sarnova, Inc. Sarnova is a leading specialty provider of health care products across the emergency medical services (EMS) and acute care continuum. It is comprised of four major business units: Bound Tree Medical, DXE Medical, Inc. (DXE), Emergency Medical Products, Inc. (EMP) and Tri-anim Health Services, Inc. Bound Tree and EMP are focused on EMS and pre-hospital medical supplies and equipment. Tri-anim specializes in acute care and respiratory products. DXE refurbishes and repairs medical equipment. Sarnova offers more than 100,000 health care products and services to thousands of emergency care providers, hospitals and advanced patient-care facilities nationwide. Sarnova is a company of Water Street Healthcare Partners, a strategic private equity firm focused exclusively on health care. For more information, visit www.sarnova.com.
SOURCE Sarnova, Inc.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV