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Enhanced Equity Fund and James White Invest in MedTest DX, Inc.
Date:5/19/2011

NEW YORK, May 19, 2011 /PRNewswire/ -- Enhanced Equity Fund (EEF), a healthcare-focused private equity firm, and executive James White announced their investment in MedTest DX, Inc. (MedTest), a medical diagnostic company based in Cortlandt Manor, NY.  MedTest was created to purchase the chemistry diagnostics business from Polymedco, Inc.  The transaction was led by Mark Tricolli, a Partner of EEF.  Terms were not disclosed.

"EEF is committed to building a leading platform in the medical diagnostics industry and our investment in MedTest represents an attractive initial asset from which to grow both organically and through acquisitions," said Mr. Tricolli.  He added, "We are excited to partner with James White, who has a proven track record in this industry, and provide capital for future growth initiatives."

James White, Chief Executive Officer of MedTest said, "EEF's investment in our chemistry assets represents a tremendous opportunity for MedTest to build on the company's strong reputation with its customers and suppliers in the marketplace.  Both EEF and MedTest share the same philosophy of delivering superior products and service and we are truly excited to join forces to capitalize on numerous growth opportunities."

About MedTest DX

MedTest was founded in 2011 and is based in Cortlandt Manor, NY.  The company sells a range of chemistry instruments, reagents, and instrument service to physician offices, hospitals, reference laboratories, and research facilities, both direct and through distribution channels in the U.S.  MedTest DX products include SPOTCHEM EZ, a compact benchtop dry chemistry analyzer that can run single and panel diagnostic tests with results available in 8-15 minutes.  In addition, the Poly-Chem 90 and 180 chemistry analyzers offer countertop instruments to run chemistry tests, including an integrated electrolyte module, data management and over 70 FDA cleared rea
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SOURCE MedTest DX, Inc.; Enhanced Equity Fund
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