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Tri-anim and Bound Tree Medical Merge to Create Nation's Leading Specialty Health Care Distributor
Date:6/5/2008

The founders of both companies will retain substantial ownership positions in the combined entity, which will be managed under the holding company, Sarnova. As a significant owner in Sarnova, Water Street and its team of operating partners, who have led some of the world's largest health care distribution and respiratory businesses, will provide it with strategic guidance and support.

"Our team's expertise in specialty distribution enabled us to successfully bring together two market leaders that will deliver much greater value together than they would separately," said Tim Dugan, managing partner of Water Street. "We are excited to partner with Bob and Matt, who have done an outstanding job of building unique, leadership businesses. Together, we will pursue additional opportunities for growth and create considerable value for customers, employees and shareholders. We already are exploring prospects to expand into new, complementary health care markets that will benefit from our strong national platform for specialty distribution."

Financial terms of the transaction were not disclosed.

About Bound Tree Medical

Bound Tree Medical is a specialty distributor of medical equipment, pharmaceuticals and supplies to the pre-hospital marketplace. The company markets its products through a national sales force to EMS providers, fire departments, hospitals, colleges and universities throughout the United States and Europe. The company employs approximately 240 people and has facilities in New Hampshire, Ohio, Tennessee, South Carolina, Wisconsin, Arizona, California and the United Kingdom. To learn more, visit http://www.boundtree.com.

About Tri-anim

For more than 30 years, Tri-anim has met the needs and exceeded the expectations of providers throughout the healthcare continuum, including hospitals, emergency medical services (EMS), long-term care facilities, surgery centers and nurs
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SOURCE Water Street Healthcare Partners
Copyright©2008 PR Newswire.
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