Navigation Links
Sarnova Announces Acquisition to Expand Bound Tree Medical Business
Date:5/4/2009

Specialty Health Care Distributor Appoints Industry Leader to Board of Directors as it Focuses on Continued Growth

SYLMAR, Calif. and DUBLIN, Ohio, May 4 /PRNewswire/ -- Sarnova, the nation's leading specialty distributor of health care products in the emergency medical services (EMS) and respiratory markets, announced today that it has acquired Blue Ridge Medical, Inc., a national supplier of pharmaceuticals to the EMS community. The company plans to merge Blue Ridge with its Bound Tree Medical business to further strengthen its leadership position in the growing EMS market.

Bound Tree, the nation's largest provider of equipment and supplies to the pre-hospital market, will expand its pharmaceutical products, capabilities and distribution network with the addition of Blue Ridge. The privately negotiated acquisition is Sarnova's first since partnering with Water Street Healthcare Partners last year to create the company through the merger of Bound Tree and Tri-anim Health Services, Inc.

"Acquiring Blue Ridge advances our goal of building on Sarnova's strong foundation of premier distribution businesses to extend our leadership position into new and complementary health care markets," said Craig Davenport, chief executive officer of Sarnova. "With pharmaceutical products increasingly being utilized to treat patients in the field, we have quickly augmented our expertise and capabilities to meet growing demand for these specialized products. We are actively pursuing additional acquisitions that will enhance our leading brands and distribution network to deliver even greater value in the future."

Sarnova Appoints Industry Leader to Board

In another step to support the company's strategic plans for growth, Sarnova also announced that it has appointed Hank Struik to its board of directors. Most recently serving as the president of Cardinal Health's $850 million Respiratory and Neurocare division, Mr. Struik has more than 20 years of experience operating medical products businesses.

"Hank has an impressive track record of leading and building a number of high-performing medical products businesses. His experience and network of industry contacts will be extremely helpful in accomplishing our goal of expanding Sarnova's capabilities to position it for long-term, sustainable growth," said Kevin Swan, a Sarnova board member and partner with Water Street Healthcare Partners.

About Sarnova

Sarnova is the nation's leading specialty distributor of health care products to the emergency medical services (EMS) and respiratory markets. It is comprised of two businesses: Bound Tree Medical and Tri-anim Health Services, Inc. Together, the two businesses distribute more than 100,000 health care products to thousands of emergency care providers, hospitals and surgery centers through 17 distribution centers located across the country. To learn more, please contact Greg Robitaille, 312-506-2974 or Kevin Swan, 312-506-2908. You can also visit www.tri-anim.com or www.boundtree.com.

About Water Street Healthcare Partners

Water Street Healthcare Partners is a leading private equity firm focused exclusively on health care. With more than $1 billion of capital under management, Water Street is one of the most active investors in the health care industry. The firm has a strong record of building market-leadership companies across key growth sectors in health care. It has partnered with some of the world's leading health care companies on its investments including: Johnson & Johnson, Medtronic and Smith & Nephew. Water Street's team is comprised of industry executives and private equity professionals with decades of experience investing in and operating global health care businesses. The firm is headquartered in Chicago. For more information about Water Street, visit www.wshp.com.


'/>"/>
SOURCE Sarnova
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Inverness Medical Innovations, Inc. Announces Offering of $200 Million of Senior Subordinated Notes
2. Healthy Living Network Announces Launch of New Blood Sugar Web Site
3. Governor Rendell Announces Pennsylvanias First Confirmed Case of 2009 A/H1N1 Flu
4. Triple-S Management Corporation Announces Execution of Definitive Agreement to Acquire Managed Care Portfolio of La Cruz Azul de Puerto Rico, Inc.
5. American Academy of Orthopaedic Surgeons Announces Media Orthopaedic Reporting Excellence (MORE) Award Winners
6. IBM Announces New Healthcare Industry Solutions Lab in China
7. VIA Pharmaceuticals Announces Positive Phase 2 Results of VIA-2291 in Cardiovascular Patients Using Serial MDCT Imaging of Coronary Plaque
8. HMS Holdings Corp. Announces First Quarter 2009 Financial Results
9. Healthy Living Network Announces Launch of New Supplement Information Web Site
10. Dr. David Williams Announces the Launch of a New Product--IFS Defense--for Help with Itchy Flaky Skin
11. IPitomy Announces Distribution Relationship With Target Distributing
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern Californian, Dr. Omkar ... M.D from the David Geffen School of Medicine at UCLA. He trained in Internal ... complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had ...
(Date:6/25/2016)... , ... June 25, 2016 , ... Conventional wisdom preaches ... success. In terms of the latter, setting the bar too high can result in ... than just slow progress toward their goal. , Research from PsychTests.com ...
(Date:6/24/2016)... ... June 24, 2016 , ... June 19, 2016 is World Sickle ... chronic pain and the benefits of holistic treatments, Serenity Recovery Center of ... Sickle Cell Disease. , Sickle Cell Disease (SCD) is a disorder of the red ...
(Date:6/24/2016)... ... ... Global law firm Greenberg Traurig, P.A. announced that 20 Florida attorneys are recognized ... this recognition are considered among the top 2 percent of lawyers practicing within the ... this year’s Legal Elite Hall of Fame: Miami Shareholders Mark D. Bloom, Burt ...
(Date:6/24/2016)... ... June 24, 2016 , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief ... a minimum wage raise to $12 an hour by 2020 and then adjusting it yearly ... lost value of the minimum wage, assure the wage floor does not erode again, and ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016  Consumers have ... and regulators/payers have placed more emphasis on patient ... patient support programs in the pharmaceutical industry have ... medications. Consequently, pharmaceutical companies are focusing on becoming ... are providing products and services that improve health. ...
(Date:6/24/2016)... DUBLIN , June 24, 2016 ... addition of the "Structural Electronics 2015-2025: Applications, ... In-Mold Electronics, Smart ... Integrated Photovoltaics Structural electronics involves ... as load-bearing, protective structures, replacing dumb structures such ...
(Date:6/24/2016)... PUNE, India , June 24, 2016 ... "Pen Needles Market by Type (Standard Pen Needles, Safety ... 12mm), Therapy (Insulin, GLP-1, Growth Hormone), Mode of Purchase ... published by MarketsandMarkets, This report studies the market for ... is expected to reach USD 2.81 Billion by 2021 ...
Breaking Medicine Technology: