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.
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