October 10, 2007
STOUGHTON, MA – Medical Specialties Distributors, LLC (MSD), a leading supplier of healthcare products and biomedical equipment rentals and services, announces the acquisition of Wren Medical Systems, Inc., a Chicago area based distributor of infusion and enteral therapy products to both the alternate site and acute care markets. In addition, Wren Medical Systems is the leading supplier in healthcare software development and customer accessible technology that provides state-of-the-art equipment management programs to assist healthcare providers in maximizing utilization of their capital assets.
Combining MSD’s national scale supply channel leadership with large multi-site healthcare providers and Wren Medical’s technology advances, unique product offerings, customer and vendor partnerships, and entrepreneurial spirit will create a stronger MSD positioned for increased higher than industry average growth and increasingly dynamic customer solutions.
Mike Fernandez, Chairman of MBF Healthcare Partners, L.P., stated “The acquisition of Wren Medical solidifies our position in the Mid-West as the leading supplier of healthcare products and equipment rental and services. Wren Medical is considered an innovator in infusion therapy distribution and we intend to capitalize on their expertise by expanding our product offering to our customers. We are extremely excited that Mike Ward, President of Wren Medical and his team have joined the MSD family.”
“MSD is excited about the synergies created by this acquisition. Mike Ward has established Wren Medical to be a remarkable leader in this industry. In combining the two companies, customers of both entities will begin to see immediate benefits,” said James M. Beck, President and CEO, MSD.
Mike Ward, President, Wren Medical and newly named MSD Senior Vice President of New Product and Technology Development, stated “I am eager to combine Wren’s strengths with MSD’s national distribution capabilities resulting in value added customer solutions on a broad scale.”
ABOUT MEDICAL SPECIALTIES DISTRIBUTORS, LLC (MSD)
Established in 1984, MSD has 7 national medical product and biomedical equipment distribution centers located throughout the United States. MSD has been a primary distributor of medsurg product and biomedical equipment into the alternate-site marketplace. Recently, MSD launched a major initiative into the acute care market to support the equipment needs of hospitals nationwide. MSD’s additional services include formulary development, online ordering, equipment management and tracking, patient direct delivery programs and a national field sales organization to drive and support customer compliance initiatives. MSD is also an authorized distributor for most of healthcare’s leading group purchasing organizations.
ABOUT WREN MEDICAL SYSTEMS, INC.
A Midwest-based national infusion and enteral therapy products distributor that offers a total solution of leading edge clinical name-brand and specialty equipment, services, supplies, and technologies for healthcare facilities. Wren’s complete equipment portfolio includes a variety of infusion pumps, electronic tracking software, and technical assistance. Wren’s extensive product porfolio includes supplies and services from product lines that assist facilties with compliance of CDC, JCAHO, FDA, APIC, and other organizational guidelines and regulations in areas of safety, hygiene, infection control, and more for both the caregiver and the patient.
ABOUT MBF HEALTHCARE PARTNERS, L.P.
A private equity fund focused exclusively on healthcare services with $410 million under management via two investment vehicles.