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:12/9/2016)... (PRWEB) , ... December 09, 2016 , ... ... miniature, folded, pharmaceutical inserts and outserts. As a means of expanding capabilities ... addition will enable Flottman to individually code professional inserts (PIs) and patient package ...
(Date:12/9/2016)... NY (PRWEB) , ... December 09, 2016 , ... ... and Drug Dependence, Inc. (NCADD) is recommending the film Whispering Spirits ... and the District of Columbia as an education tool in the war against teen ...
(Date:12/9/2016)... ... December 09, 2016 , ... An inventor from Cana, Va., wanted ... all types of amusement park rides. , The patent-pending SAFETY STRAP FOR AMPUTEES improves ... use and could be set up in a matter of minutes, or even seconds. ...
(Date:12/9/2016)... ... 09, 2016 , ... The Holy Name Medical Center Foundation ... on December 3rd, to benefit Holy Name Medical Center's programs and services. More ... over $1 million - the largest event in the Center's history, both in ...
(Date:12/9/2016)... ... December 09, 2016 , ... "I had a terrible time trying to get ... thought that if the nebulizer had a more child-friendly design, then children would be ... developed the patent-pending NEBY to avoid the need to deliver medication via a nebulizer ...
Breaking Medicine News(10 mins):
(Date:12/8/2016)... -- Australia Glaucoma Surgery Devices Market Outlook to ... Glaucoma Surgery Devices Market Outlook to 2022", provides ... Devices market. The report provides value, in millions ... prices (USD) within market segement - Glaucoma Drainage ... and distribution shares data for each of these ...
(Date:12/8/2016)... 2016 KEY FINDINGS The global ... 2017-2023. Various reasons for growth of the medical lifting ... of chronic diseases, high recovery cost of injuries and ... Medical lifting sling refers to an assistive device that ... slings connect to the lift and hold the patient. ...
(Date:12/8/2016)... Lilly and Company (NYSE: LLY ) today ... at the 9 th Clinical Trials on Alzheimer,s ... meet the primary endpoint in the EXPEDITION3 clinical trial, ... dementia due to Alzheimer,s disease (AD), and Lilly will ... of mild dementia due to AD. ...
Breaking Medicine Technology: