April 21, 2006
BOSTON, MA – Medical Specialties Distributors, LLC (“MSD”), the largest supplier of healthcare products and bio-medical equipment rentals and service in the home healthcare market announced today the acquisition of Advanced Techologies for Medicine (ATM).
ATM provides a wide range of biomedical equipment rentals and related services to the acute care market in Florida. In a continued effort to expand its biomedical equipment division with the acquisition of ATM, MSD has expanded its presence into the acute care market. In addition, with the acquisition of ATM, Mike Gadberry head of the sales organization of ATM will join MSD and will be instrumental in assisting the organization to expand its broad array of products and services into the acute care market.
About Medical Specialties Distributors, Inc.
Medical Specialties Distributors, Inc. (www.msdonline.com) is headquarted in Stoughton, Massachusetts. MSD was founded in 1984 as a distributor of home infusion therapy products and has become the largest supplier of healthcare products and bio-medical equipment rentals and service to the home healthcare market. MSD’s unique one-stop-shop business model combines the scale and pricing advantages of a national distribution company while offering its customers an unparalleled amount of value-added services. MSD offers its products and services through a national footprint of six distribution facilities, seven medical equipment and repair centers, and thirty medical equipment rental depots. MSD has over 3,800 active customers throughout the United States and Canada, ranging in size from single site providers to national home healthcare companies and small to middle-size hospitals. In addition, MSD’s portfolio of Group Purchasing Organization (“GPO”) agreements is unmatched by any other home healthcare supplier and comparable to the larger national hospital distributors in the United States.
About MBF Healthcare Partners, LP
MBF Healthcare Patners, LP (www.mbfhp.com) is a $200 million private equity fund focused on equity investments in emerging and growth companies in healthcare services with annual earnings between $5 million and $25 million. MBF Healthcare Partners, LP is minority owned and operated.